How low can we go? 30 yr fixed at 3.75% with no fees...

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I think it is just a demand/supply imbalance in these highly desirable areas. There are more people with the means to buy those homes than there are homes available.
 
GrowthStateofMind said:
Unprecedented times that 2021-2022 period… Was there any other time in history many listings in select hot markets were going above list price by absolute dollar amounts of $100K-$300K? I’m sure for some it felt like chasing or buying a top back then. I was a skeptic myself at the time, but then again buyers in recent years have demonstrated greater strength from a proof of funds and income standpoint than the leveraged buyers going into 2008 Housing Crisis.
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That's always been one of my points. Financial stability is a must if you’re purchasing a home.

The late aughts should have been ought not because my dog could have qualified for a mortgage.

It’s all relative and hindsight 20/20 because there were some peak ‘08 homes I should have bought and would still be happy with today. There were many 3CWG homes for less than $1m back then in the more desired areas of Irvine.
 
zovall said:
I think it is just a demand/supply imbalance in these highly desirable areas. There are more people with the means to buy those homes than there are homes available.
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Bingo. Cupertino aesthetically is nothing special and these are old homes but the schools are the most sought after , with Faria Elementary having scored a perfect 1000 API, and the centrality to jobs is second to none.
 
irvinehomeowner said:
That's always been one of my points. Financial stability is a must if you’re purchasing a home.

The late aughts should have been ought not because my dog could have qualified for a mortgage.

It’s all relative and hindsight 20/20 because there were some peak ‘08 homes I should have bought and would still be happy with today. There were many 3CWG homes for less than $1m back then in the more desired areas of Irvine.
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2011 San Diego market was a missed opportunity for me personally, some SFRs going sub $200K that are now hovering around $1m.
 
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