Today I put a bid on a townhouse in California. The opening price was $459K. By the time all was finished it rose to $510K. That’s an astounding $51K of cost increase in less than 24 hours! Only 4 people (including me) bid on the place, and it wasn’t all that fantastic. Needless to say, I passed on it.
Just goes to show you that people in California are nuts. Really nuts.