NewMexiKen won’t be moving to Moraga or Lafayette anytime soon

From the San Francisco Chronicle:

Tim and Trish Davis sold their five-bedroom home in Vacaville in four days. Even with a $150,000 profit from that sale earlier this month, however, they’re fighting to land a house in Moraga or Lafayette, towns closer to their jobs and with strong school systems for their two teenagers.

A week ago, the Davises offered $775,000 for a three-bedroom home listed for $725,000. There were 13 offers, eight above $800,000.

“We knew the base price (in Moraga) would be high,” said Tim Davis, a 45- year-old account manager for Coca-Cola in Oakland. “But what we didn’t realize was that the bidding war was going to be so brutal.”

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