I wish my land would inflate that much...I have 43 acres and its value is 75k.You don't seem to know much about the real estate business..
I love looking at the assessors websites in these communities.
The land is probably 2 Million of the assessed value.
Incredible.
I stayed in a 4 Million dollar house in the Bay Area once. Great views of the bridge and the bay, simply stunning. But the house would have sold for 400k here Max!
But it wouldn't have that view, where ever "here" is for you.
That view is part of the price.
Agreed, but with 2 mil in my pocket, I could afford views all around the world!
Just sayin
Don't get me wrong, if I had an essentially unlimited budget to buy a house, SF wouldn't be my first choice either. I lived there for a while, and it was nice, but I still prefer the east coast.
But it is a truly beautiful place.