American Dream Carries Stiff Price Tag In Silicon Valley

According to USA Today, Bimba Rao and Abhijit Kakhandiki paid $880,000 3 months ago for a 1,150 square foot, three-bedroom, two-bathroom house on a shaded corner in Friendly Woods, a block over the Cupertino border.
The house was old and small and needed work. But they liked the neighborhood and the home’s potential. The listed price was $750,000, so they offered $880,000 and wrote a personal letter to the owners explaining why they liked tthe house. Their efforts bested 25 other offers.

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