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I’m confused over the meaning of “premium” in this context.
The article is completely missing how the author decided what was appropriate
I would look at the price per square foot and a place like Capitola California is expensive, I saw one for $1500/square foot for example.
clambo saysI would look at the price per square foot and a place like Capitola California is expensive, I saw one for $1500/square foot for example.
Over here in silicon valley, the "price per square foot" is a useless metric, since almost all the cost ("value") is in the location. The "value" of my shack is probably $500k, but that's only based on the cost of building a new home while adhering to all of California's building restrictions. The other $1.5MM in "value" is based on nothing more than "walking distance to Apple."
As for Capitola, part of that "value" is based on ease of car commute to the location where the Apple / Facebook / Google / Etc private bus service picks you up to take you to work.
Boise is just close enough to California that it’s within escape velocity and possible commuter territory if you have to visit the office once a month. Meanwhile it’s in a red state with low taxes and way more space. The prices are being big up by Californians itching to relocate from the Golden Fishhook…I mean State. They don’t have time to build. They just want housing that isn’t in California.
It would be fun to watch what happens once CA employers start slashing their compensation.
"in December 2010 I began buying apartment buildings and notes on buildings for 10K to 15K a door. "
What is buying notes on buildings ? After correction I might get into it. ? I have a 3 unit rental, trying to buy more but prices r high.
https://apple.news/AS_47HHY2STqfLHWPkX1W8Q