Land is California's new gold, and the rush for a piece of it online might raise eyebrows when browsing the real estate listings.This month, a seven-bed, two-bathroom home on a 4,000 square-foot lot is on the market for nearly $700,000 in San Jose's Burbank Neighborhood. It may sound like a bargain, but that's because the home has been condemned by Santa Clara County -- unsafe to live in by government standards.
"There were a number of violations that needed to be addressed to make it habitable," Gosalvez said.Gosalvez said one could easily find condemned homes going for up to $2 million if surrounded by $3 million or $4 million homes in more expensive neighborhoods a couple of miles away."It just shows the demand of the Bay Area," he told San Jose Spotlight. "It's just the number of people that want to buy into Silicon Valley versus the people that want to leave.
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