Exactly: we bought in San Jose in Sept 2011 and have seen our townhouse's value increase by approx 60% since then (which seems ridiculous to me). We really luc

Exactly: we bought in San Jose in Sept 2011 and have seen our townhouse's value increase by approx 60% since then (which seems ridiculous to me). We really lucked out on our timing. The seller who had originally owned our home sold for a ~20% loss over their purchase price (purchased in 2007).