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

NOW WATCH: These 3D printed homes can be constructed for $ 4,000 — and they might change the approach to underdeveloped housing

See Also:

• 30 AND UNDER: Rising stars in Silicon Valley tech who find hot startup deals and manage millions of dollars
• Silicon Valley’s pay gap between women and men in tech is so wide it increases the national average
• These 10 popular tech jobs are perfect for people without a tech background — here’s how much they pay

SEE ALSO: All the crazy things happening in San Francisco because of its out-of-control housing prices