Re: How much would this property cost in various parts of the U.S
Something palatial around Stanford would cost you *way* more than 700k.
The housing market here in the Bay Area has been going up and up and up for quite a while. I regret not buying 4 or 5 years ago when I though, "Holy [censored]! $450k for that 1 bedroom condo?" 6-figures of rent later, that condo sells for more than double what I could have paid.
Though we are due for at least a small correction sometime soon. Some signs point to things flattening out already or slightly dipping, but nothing solid yet. Of course I've thought the same thing every year since.
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