532
>Asking 2M
Ok
>Sold 3M
Ok
>Over asking 1M
What? Isn't that overpaying 1M instead? Am I just stupid and don't get it?
It's shorthand for "we sold this particular home for 1.02m over (more than) the initial asking price!"
It's advertising that it's a hot market and this realtor will get you a ton of money, even more than you will initially ask for. Probably due to multiple bidders.
Perhaps 'Over Asking [Price]'
Right next to cupertino. It's a $120k house on a $2.9million dollar lot
Fuck me dead that is not a three million dollar house.
"Just learn to kiss some ass. That man has the power to fire you! When he says come in on Saturday, show up on Sunday also too!"
-- My Silent Gen parents, every goddamn day
$3M for 1,300sqft (120m²)...
That's absolutely insane. You can get a proper mansion for that here in Scandinavia...
Well, to be fair this in an insanely overpriced area of the United States. If Scandinavia was the size of pretty much the entirety of Europe you'd have price extremes as well.
For example if you look up a similar house in the Midwest of the United States (Illinois, Missouri, Wisconsin, Iowa, ect) this house would be under $200,000.
We have overpriced places to, just look around the capitals. That doesn't have to do with sizes.
Asking 2 got 3. Did a corporation buy that?
The implication is that multiple buyers put in offers on the house, and someone placed a 3 million offer to make sure they were the winning one.
Housing crash when?
It'll never crash again. Private equity will buy every home and rent them back to us. Forever.
Then make sure private equity goes out of business
How?
Hopefully, violently.
At this point, not without a bloody upheaval.
Not that I'm encouraging that. It sounds horrible. But still.
My landlord recently told me how much they think the place I'm renting would sell for, and now idk why the owners even bother renting to me because the price is like 50 years worth of my rent.
Because he gets a steady supply of money and then in 10-20 years it will be worth 100 years of your rent on top of the 10-20 they collected already.
Well you see, he can take a loan on the equity, you pay the loan for him and he doesn’t have to pay any where near as much in taxes. You’re just helping out a landlord in need.
It's because your landlord never paid for it. The bank did. You're paying the interest on his loan.
I don’t think you know how loans work.
Something something avocado toast
And they use the 3mil to buy a nice small house and outbid a working class family that currently live in a 2 room apartment
As a rental, obviously. No way they'd actually live there like poors.
The oldest sale I could easily find was 1988, when it sold for $338,000 or about $956,400 today. In 1960 when it was built it likely sold for $15,000 and $22,000 so about $249,077 today. So from 1960 to 1988 it increased by 3.84x and from 1988 to now it increased by 3.16x. Wages increased by around 5.2x from 1960 to 1990 and about 2.4x from 1990 to 2025. In 1988 the house was 10.5x the average American families gross annual income. In 1960 it was 3.9x the income and today it's 36x the average American families gross annual income. I didn't really account for the area so the last part should really be done for California. Even today it's not fair to lump in the economics of somewhere like West Virginia or Mississippi with California. Either way it's probably more accurate to use the median instead of average.
Thank you for doing this research! It's the first thing I thought of as well.
You're welcome. I was curious. Pretty fucked. I redid the calculation for the median income of the area and the house is still 30x the annual yearly income. From 3x to 30x in 65 years is not good.
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(8 replies)
Where did a boomer say that?
They all say that.
So I guess no one said it too you.
Those asshole grandparents, they all hate you.
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this post was submitted on 03 Jul 2026
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