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Check out this redfin graph of San Mateo county $ per square foot. Everyone's taking their house off the market and/or jacking up the price in anticipation.

http://www.redfin.com/county/343/CA/San-Mateo-County

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Greed knows no bound, clearly. This being said, my rent got jacked up $300 a month. I must leave this place before I start paying to work here.

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