For anyone seriously considering buying in Sunnyvale or Santa Clara County, that really is the question.  The concern is whether or not they’ll be overpaying if they purchase today. The answer is to use your common sense and go with the voice of reason: If you plan on moving again in a year or two, or even less, then no, this isn’t the time to buy. But if you intend to live in your new home for five or more years, then it’s certainly a great time to buy. Owning real estate is one of the best investments — over time — that anyone can make. Where else can you purchase a major asset, live in that asset, have it appreciate over time, AND write off many of the costs of owning that asset? As long as you buy smart, you can always make your investment work for you.