My friend’s home in Palo Alto tripled in value in 10 years!

[Anonymous]

They bought it for $1.5m in 2010 and recently sold it for $4.5m. Any areas in DC that have seen that much growth in already-expensive homes?

[Anonymous]

No. The areas in DC that’s tripled in 10 yrs had much less expensive homes. See Bloomingdale, etc.

[Anonymous]

Wow. Seems like they are set for life. They will have to pay capital gains tax but still a good profit.

[Anonymous]

And I thought $600k appreciation in 10 years was good. That’s what our home in Lyon Village has appreciated w/out doing anything to it.

[Anonymous]

That area is probably the most expensive in the country so no, nothing in DC, or NYC, comes close.

[Anonymous]

NE DC

[Anonymous]

Not mine but just saw a Lake Tahoe house that sold for 12 million 4 years ago and recently sold for 33 million.

Everywhere in the Bay Area is insane now. Tiny house down the street just went for 800K over asking price.

[Anonymous]

haha, look at Atherton or Hillsborough!

[Anonymous]

Anonymous wrote:Not mine but just saw a Lake Tahoe house that sold for 12 million 4 years ago and recently sold for 33 million.

Everywhere in the Bay Area is insane now. Tiny house down the street just went for 800K over asking price.

I’m from NYC so used to ridiculous prices but CA real estate especially San Francisco is just insane. Should have bought in San Diego last year as planned. Oh well.

[Anonymous]

Best we've done is 1MM in Manhattan 2bed/2.5bath. Not that this is in DMV.

[Anonymous]

Anonymous wrote:haha, look at Atherton or Hillsborough!

Burlingame, my former home.

If homes in South San Francisco, Colma, and Daly City are going for over 1mil you know it's gone crazy over there.

[Anonymous]

I have an extended family member that moved out there in the early 2000s. I recall seeing their modest house and thinking it was insane that it was over $800k. It sold for almost $4 million 15 years later, and that's before the COVID craziness.

[Anonymous]

Anonymous wrote:They bought it for $1.5m in 2010 and recently sold it for $4.5m. Any areas in DC that have seen that much growth in already-expensive homes?

Impressive and the house must be crappy. 10 years ago, 1.5m wouldn't have be enough for a nice decent house in Palo Alto.

[Anonymous]

Pimmit Hills. $1m for a new build 3 years ago. Now $1.6m for a new build. Could easily be at $2m in 2 years. So that's a doubling in 5 years time.

[Anonymous]

My home in Bloomingdale DC tripled in 10 years. Sold a few months ago.