Speaking of property values going up in the Bay Area...
Several years before I sold in '08, the property values in Menlo Park were increasing by ~ $100,000/yr. according to real estate info.
A 900 sq. ft. 1 bdrm. cottage on a tiny lot on University Ave. in Palo Alto sold for $90k above asking price...for $1.1 million.
When I sold my 3 bdrm/2 bath after 20 yrs. of ownership, I owed $160,000 and got $1.85 million.
Real estate folks told me that if I had sold in '05 I could have easily reached $2 million.
.
Absolutely vulgar!
