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The following lot sold for a million dollars in silicone valley this week

Posted on 5/10/18 at 2:33 am
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
71709 posts
Posted on 5/10/18 at 2:33 am




It was recently burned out from a fire
This post was edited on 5/10/18 at 12:28 pm
Posted by TigersSEC2010
Warren, Michigan
Member since Jan 2010
37738 posts
Posted on 5/10/18 at 2:36 am to
$1 million would allow you to buy all but a couple houses in BR. Hell, you could probably buy 75% of NBR for $1 million.
Posted by northshorebamaman
Cochise County AZ
Member since Jul 2009
36598 posts
Posted on 5/10/18 at 2:39 am to
quote:

silicone valley


Posted by LsuTool
Member since Oct 2009
35502 posts
Posted on 5/10/18 at 5:04 am to
You could prolly paint it and sell it for 1.5
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
130764 posts
Posted on 5/10/18 at 5:07 am to
I think someone bought the land and the burned out house came with it.
Posted by tigerinthebueche
Member since Oct 2010
37081 posts
Posted on 5/10/18 at 5:09 am to
Chip and Joanna will hang a barn door on it, install a farm sink in the kitchen and some shiplap and sell it for 3.5M
Posted by Errerrerrwere
Member since Aug 2015
39054 posts
Posted on 5/10/18 at 5:09 am to
Just a homey, cottage style fixer upper with great views is all.
This post was edited on 5/10/18 at 5:10 am
Posted by roguetiger15
Member since Jan 2013
17035 posts
Posted on 5/10/18 at 5:25 am to
To a couple who’s careers are gardening for fun and freelance writing but has a budget of 5 million
Posted by MBclass83
Member since Oct 2010
9838 posts
Posted on 5/10/18 at 5:27 am to
Somebody please do this, then burn it down.
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 5/10/18 at 5:39 am to
quote:

The following lot sold for a million dollars in silicone valley this week
FIFY

Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
70616 posts
Posted on 5/10/18 at 5:41 am to
quote:

silicone valley

Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 5/10/18 at 5:50 am to
We just had a client pay 600k for teardown on a 1ac lot here in Nashville. Will tear down house for 20k and if they want to continue sidewalk Metro wants 90k. Prices are almost as ridiculous here as they are in Cali
Posted by shinerfan
Duckworld(Earth-616)
Member since Sep 2009
25800 posts
Posted on 5/10/18 at 5:54 am to
Damn it. I thought Bachmann had already spent all of Big Head's money.
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
18770 posts
Posted on 5/10/18 at 5:55 am to
I have always wondered something when i see prices like that for normal or small houses.

If the property values are that sky high out there, what would a 150k job in Louisiana pay you out in Cali?

Just seems it’s all relative. You may make bank out there working but the cost of stuff is crazy high.
Posted by bigwheel
Lake Charles
Member since Feb 2008
6491 posts
Posted on 5/10/18 at 6:01 am to
Location, location ,location, the 3 most important things in real estate
Posted by baldona
Florida
Member since Feb 2016
22521 posts
Posted on 5/10/18 at 6:36 am to
quote:

Just seems it’s all relative. You may make bank out there working but the cost of stuff is crazy high.


Nah, it's not equal at all for most people. 50 year mortgages are more normal than 15. Sure the upper middle class makes more, but it's not like minimum wage is $30/ hr. Cali is expensive.

Look at NYC, you have people making $200k that live in 400 sq ft apts. Those jobs may pay $100k elsewhere but your $100k gets you more.
Posted by Koach K
Member since Nov 2016
4616 posts
Posted on 5/10/18 at 7:11 am to
2008 anyone?

What kills me is thst banks lend money to W-2 employees which are most always at-will. What kind of “security”’ is that?
Posted by pwejr88
Red Stick
Member since Apr 2007
37149 posts
Posted on 5/10/18 at 7:16 am to
Why do people keep seeing the house?
It’s obviously the land and location.

Heck in BR a 800 sq. ft. house in Southdowns will run you $300k
Posted by DirtyMikeandtheBoys
Member since May 2011
19461 posts
Posted on 5/10/18 at 7:26 am to
I've smoked crack in that house!
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
283866 posts
Posted on 5/10/18 at 7:28 am to
quote:

Why do people keep seeing the house?
It’s obviously the land and location.


Yep. Its a tear down. The price of the lot is the primary cost.
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