09 MAY

Silicon Valley’s housing market is so dire, a burned-out home just sold way over the asking price — for $938,000

Redfin screenshot

The San Francisco Bay Area is one of the most expensive housing markets in America.
Case in point: A fire-ravaged home in San Jose, California, has sold well over asking for $ 938,000. The home will need to be demolished.

It’s no secret that buying a home for under $ 1 million in the San Francisco Bay Area is a nearly impossible task. Case in point: Somebody has paid over $ 900,000 for a burned-out home.

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.