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re: A condo just sold in Palo Alto, California for $5.3 million dollars

Posted on 3/15/26 at 3:59 pm to
Posted by N2cars
Member since Feb 2008
39663 posts
Posted on 3/15/26 at 3:59 pm to
Beautiful state, and probably has the best overall landscape and climate of any state in US.

Certainly the absolute best public beach access.
Lots of great things to see and do.

That said, it would be difficult to tolerate the politics as a full-time resident.
Posted by TTB
LA to L.A.
Member since Nov 2006
3310 posts
Posted on 3/15/26 at 7:05 pm to
quote:

That said, it would be difficult to tolerate the politics as a full-time resident.


It’s easy for me. My life doesn’t revolve around politics.
Posted by terd ferguson
Darren Wilson Fan Club President
Member since Aug 2007
114938 posts
Posted on 3/15/26 at 7:24 pm to
quote:

Said while sitting on a couch in Bawcomville cracking open his 10th Coors light.


But not overpriced
Posted by ATLabama
Member since Jan 2013
1609 posts
Posted on 3/15/26 at 7:35 pm to
Live in Orange County now... about the only tolerable place politically in the state that isn't remote or farm land.

But to your point... man, it's so damn beautiful. You can play golf year round down here. Our family does morning beach walks on the weekends and then we go do brunch with friends overlooking the ocean after.

From a kids perspective, I'm so jealous of my son that he'll get to grow up here. There's a reason SoCal produces so many athletes... it's a 90s throwback around here. Kids ride their bikes (well, a lot of 'em e-bikes now) to each others houses, play outside, go to the beach with friends, and are maniacs about sports.

I do a lot of business in the Bay Area... if we were to live there and money were of no concern, Palo Alto/Atherton, Sausalito, or Orinda would all be top of my list. It is outrageously expensive in the Bay Area (even compared to LA) because of all of the Tech wealth and opportunity around it.

SF proper is lib central, no denying that, but moderate political climates in Silicon Valley, Marin County, and Contra Costa are quite nice outposts for sane people.

I don't love the price of real estate in California, but... I mean there's a reason it's expensive. The state is the most beautiful in the nation and the GDP would place it as the 6th wealthiest nation in the world.

If you've got the $$$ - you'd be hard pressed to find a better place to live well and raise kids than SoCal, south of LAX. Manhattan Beach, Hermosa Beach, Redondo Beach, Palos Verdes in LA county, then once you get into Orange County, Newport Beach, Laguna Beach, Dana Point, and San Clemente are basically paradise.
Posted by TTB
LA to L.A.
Member since Nov 2006
3310 posts
Posted on 3/15/26 at 7:44 pm to
quote:

I don't love the price of real estate in California, but... I mean there's a reason it's expensive.


Amen! This guy gets it. I’d love to be down in OC. Beauuutiful!
Posted by OweO
Plaquemine, La
Member since Sep 2009
122197 posts
Posted on 3/15/26 at 7:53 pm to
When I look through the threads on the first page I keep seeing P & A and at first I think Port Allan.
Posted by Sun God
Member since Jul 2009
51952 posts
Posted on 3/15/26 at 7:55 pm to
I always thought Palo Alto was a town in LA
Posted by Everyday Is Saturday
Member since Dec 2025
1605 posts
Posted on 3/15/26 at 7:56 pm to
More about the present value of future cash flows of AI than today’s RE market on SF peninsula.
Posted by Sun God
Member since Jul 2009
51952 posts
Posted on 3/15/26 at 7:56 pm to
I worked in California for a little over a year

Wouldn’t go back unless I got paid a lot more
Posted by ATLabama
Member since Jan 2013
1609 posts
Posted on 3/15/26 at 8:01 pm to
quote:

Wouldn’t go back unless I got paid a lot more


Math absolutely has to check out.

The biggest hump is getting over that first home purchase. Once you've got that out of the way, it's really no different than living in any other nice part of a metro area in Chicago, Dallas, Atlanta, etc... in terms of cost.

California has this retarded property tax law (Prop 73) which means your property tax can only go up no more than 3% off the purchase price every year. In essence, if your boomer parents bought a house in Laguna Beach in 1999 for $800K and now it's worth $4.5M, their tax burden is that of a house worth... maybe $1.4M. It's the single and most obvious reason property is so expensive here. It's an asset people hold onto because they... can't really afford to leave.
Posted by N2cars
Member since Feb 2008
39663 posts
Posted on 3/15/26 at 8:17 pm to
I love all all those places and one of the honeymoons was on the beach at the Del.
SD is super nice, and you get why everyone wants to live there.
Posted by rltiger
Metairie
Member since Oct 2004
2446 posts
Posted on 3/15/26 at 8:30 pm to
quote:

Who in their right mind would want to pay for overpriced real estate around a bunch of left wing liberal lunatics?


Chinese and Russians.

The irony that it’s the commies with all the money.
Posted by PGAOLDBAWNevahBroke
Member since Oct 2025
435 posts
Posted on 3/15/26 at 9:24 pm to
So, theres a lot in old metairie listed for $3mm on less than half an acre lol

And several multi million dollar lots for postage stamp size ie 13000 sq ft lot

Stuff is stupid expensive
Posted by saintforlife1
Member since Jul 2012
1391 posts
Posted on 3/16/26 at 1:31 am to
quote:

California has this retarded property tax law (Prop 73) which means your property tax can only go up no more than 3% off the purchase price every year.

It's actually Prop 13. Not 73.

Assed in 1978, California’s Proposition 13 is a constitutional amendment that drastically capped property taxes. It limits the annual property tax rate to 1% of the assessed value (plus voter-approved bond debt) and caps annual assessment increases to a maximum of 2%, unless the property is sold or new construction occurs, according to the LA County Assessor.

How Proposition 13 Works:

- Base Year Value: Properties are reassessed only when a change in ownership (sale/transfer) or new construction occurs, establishing a new "base year value" Santa Clara County Assessor.
- 2% Annual Cap: Until the property is sold again, the assessed value cannot increase by more than 2% per year, regardless of the actual market value increase, say NAIOP | Commercial Real Estate Development Association and Public Policy Institute of California.
- 1% Tax Limit: The maximum property tax is 1% of this assessed value California State Board of Equalization.

Benefits and Impact:

- Predictability: Homeowners can predict future tax bills, avoiding massive spikes when home values soar, according to the LA County Assessor.
- Stability: Protects long-term homeowners from being taxed out of their homes due to rapid market appreciation.
- Tax Relief: Immediately reduced property taxes by roughly 60% upon passage in 1978, notes the Legislative Analyst's Office.

Disadvantages and Critics:

- Inequality: Similar neighboring homes can have vastly different tax bills depending on when they were purchased, as explained by the County of San Luis Obispo.
- Lower Local Revenue: Significantly lowered revenue for schools, libraries, and public services, according to the California State Board of Equalization.
- Lock-in Effect: Homeowners may be reluctant to move, reducing housing market mobility.
Posted by NyCaLa
Baton Rouge
Member since Apr 2014
1147 posts
Posted on 3/17/26 at 6:45 am to
Makes the crackerbox POS house I grew up in San Mateo seem like a bargain at 1.7 mil.

Here, it might fetch $200k. On a good day. Zillow tells me the last time the house sold was 1973. If I were the owners I'd sell and move to Arkansas
Posted by thumperpait
Member since Nov 2005
3921 posts
Posted on 3/17/26 at 8:21 pm to
quote:

That wasn't water front, was it?


At the south end, it splits like a fork. The property was on the side that was more like a lagoon. The side that was facing the gulf was were Paul Rubens aka pee wee herman had a house. And on a side note, he was a a-hole.
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
31415 posts
Posted on 3/17/26 at 8:25 pm to
9
quote:

At the south end, it splits like a fork. The property was on the side that was more like a lagoon. The side that was facing the gulf was were Paul Rubens aka pee wee herman had a house. And on a side note, he was a a-hole.


Not too far from where Midnight Pass used to be? Did you grow up in Sarasota?
Posted by thumperpait
Member since Nov 2005
3921 posts
Posted on 3/21/26 at 9:33 pm to
quote:


Not too far from where Midnight Pass used to be? Did you grow up in Sarasota?


No, I lived there for three years back in the 90's. I worked security for the condos at the south end. Pee wee herman was sitting on his pier across the lagoon from us. Just said hi to him and he was a dick head. So I asked him shouldn't he be jacking off in a porn theater somewhere. This was right after all this happened. Then he said he would kick my arse. Told him to meet me at sonic.

Sarasota is a very nice area with great beaches. But unless you were a millionaire, you needed two or three jobs to get by.
This post was edited on 3/21/26 at 9:35 pm
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