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The 1-bed, 1-bath Teardown for $1M is Back

In this Bloomberg News video, Redfin's Glenn Kelman expresses shock and astonishment — as any rational person might— at the run-up in prices for the barest of shelter in Silicon Valley. All-cash offers and overbidding have become the norm (again) as the second Internet boom continues. Kelman recommends sending a picture of your newborn child to soften the hearts of the sellers, and acknowledges that buyers requiring a mortgage may indeed have a tough time. [Bloomberg News. Portrait of Glenn Kelman viaMadrona]