Isn't that a greater %age than sf?
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actually.... yes!
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Apparently the Cupertino I grew up in is now only for rich folks and not families. Sad that this community is changing for the worse.
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it's a wealthy retirement community that leeches real estate equity returns off of Apple's presence, while exporting workers elsewhere.
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So what should the turnover rate be? Houses aren't apartments...
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This article suggests that 7.5% is a normal-ish rate for the US: https://www.housingwire.com/articles/34324-this-mba-chart-shows-existing-home-turnover …
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Last winter Sunnyvale (bigger and less restrictive) had only ~10 houses for sale at a time! Old people with low taxes = no turnover.
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Not shocking that after record low interest rates turnover is low. Fixed rate 30 year loans with 3.xx% interest rates are irreplaceable.
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