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This thatched house in Silicon Valley sells 4.9 million yuan
Guide reading:This thatched house in Silicon Valley sells 4.9 million yuan! Chinese-style property boom in the United States? Someone was so crowded that they even lost their shoes. Mr. Zhang, a Shenyang immigrant, said he had worked in the United States for ab
Housing prices in Silicon Valley are staggering!
 
The thatched cottage below is located at 582 E Maude Ave. in Sunneville, Silicon Valley. Owners are asking for $4.9 million for 0.7 acres of land.
 
Yeah, yeah, you're right. That's $4.9 million!
 
This thatched house in Silicon Valley sells 4.9 million yuan! Chinese-style property boom in the United States?
The old, dilapidated house in the picture is located at 582 East Moody Street, Sunnyvale, Silicon Valley.
 
Sunnyvale, in the South Bay, is one of the hottest housing markets in Silicon Valley at present. The housing supply is particularly short, so house prices continue to climb. The housing market here is very hot. It can be seen from a house just listed for sale this week that it is old and worthless, but owing to the 0.7 Mu courtyard (about 30,000 square feet), the owner of the house has asked for 4.9 million yuan.
 
The house, located at 582 E. Maude Ave., was built in 1930. From the photos listed for sale, the roof and garage are in disrepair. Buyers have to build a lot if they want to live in it. In addition, a shack in the backyard of the house is more dangerous of dumping.
 
The promotion of housing brokers does not emphasize the sale of houses, but also the 0.7 mu of land. In particular, the location of the house is low density, because it can be demolished and a larger house can be rebuilt. According to the Sunnyvale City Government, 24 units can be built per acre, and now there are 0.7 acres, which is enough for buyers to build a large house, so the broker's introduction said. This is a great investment opportunity.
 
City Councillor Jim Griffith also noticed the house, tweeting: "From this house, we can see the housing market in Sunnyville."
 
The shortage of houses in Sunnyvale is not uncommon in Silicon Valley. For example, a house burnt down by a fire in Mountain View City was recently sold at a floor price of 1.48 million and traded at 1.65 million yuan.
 
Crazy queues
 
Bay area housing prices are very high, rent is scary, encounter cheap good housing is certainly overwhelming, even the elderly are no exception, desperate to grab housing.
 
Pauline Weaver Place, a affordable apartment in Jane in Flemon, is located close to Warm Spring Avenue and Mission Avenue and only a mile from Warm Spring MRT Station. The apartment, with 90 units, four floors and three elevators, is still in the final stages of construction and is expected to open in October or November this year. Of the 90 units, one household is reserved for the site management company. Of the remaining 89 households, 74 households have one room and one bathroom, covering an area of 700 square feet. The other 15 households have two rooms and one bathroom, covering an area of 880 square feet.  There are 86 parking spaces.
 
This thatched house in Silicon Valley sells 4.9 million yuan! Chinese-style property boom in the United States?
 
The principal applicant for the Qiying apartment must be 62 years old and the rent depends on the median regional income (AMI) published by the Department of Housing and Urban Development. Those whose income is below 30% of the median are very low income, those between 30% and 50% of AMI are very low income, and those who exceed 50% of AMI are low income, which is not eligible.
 
Take the Qiying apartment as an example, the annual income of a single person is 24420 yuan, which belongs to less than 30% of AMI. The monthly rent of a unit renting a room and a hall is 654 yuan. If the income of a family of two is less than 46,500 yuan, it will be regarded as 50% of the AMI. The rent of the two-bedroom unit is 1,307 yuan per month.
 
Open the collar watch on the spot on the morning of the 10th. Although it's only a "watch collar", some people queued at the scene the night before. When they opened the door, there were more disruptions such as pushing and scrambling. Some people were squeezed out of their shoes, others were crushed to the ground, and the scene was chaotic.
 
This thatched house in Silicon Valley sells 4.9 million yuan! Chinese-style property boom in the United States?
Many people showed up to get their watch, and the scene was chaotic at one time.
 
The apartment was officially opened for receipt of forms and application until September 28. Although, according to the regulations, the check-in will be decided by lottery after the audit, the form and the time of submission will not affect the probability. But many people queued up early, some even arrived the night before, and others issued homemade number plates on the spot to maintain order. However, when the staff opened the door and took out the application form, the scene suddenly became chaotic, some people rushed up and scrambled into a group, some people were crowded to the ground, and some people who grabbed more than one application form were chased by others, the scene was chaotic.
 
This thatched house in Silicon Valley sells 4.9 million yuan! Chinese-style property boom in the United States?
Someone was crowded to the ground at the queue.
 
"It's crazy." Lily, who attended the queue, pointed out that she arrived early to pick up the application form for her mother, and wanted to ask some questions in person. She did not realize that she had been in a long line when she arrived at more than eight o'clock, and she had got the number plate of 230 made by others. Most of the queues were immigrant Chinese. "It should be more than 90 percent."
 
She said that it was unbelievable to see a bunch of people snatching application forms crazily; after all, it was only to collect the forms that day, not to "win first", "What's more, these forms are available on the network, you can print them yourself, how can you snatch them like this?"
 
Another Mr. Chen, who was waiting in line at the scene, said that it was only through a friend's announcement that he learned about the apartment's housing application. The rent was really cheap, so he was eager to apply for it. "Does the apartment nearby cost at least 3000 yuan? And this place is brand new and well equipped."
 
This thatched house in Silicon Valley sells 4.9 million yuan! Chinese-style property boom in the United States?
Someone was so crowded that they even lost their shoes.
 
Mr. Zhang, a Shenyang immigrant, said he had worked in the United States for about seven years.