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re: Silicon Valley housing is unreal

Posted on 5/26/21 at 6:56 am to
Posted by KennabraTiger
Kenner, LA
Member since Sep 2013
7227 posts
Posted on 5/26/21 at 6:56 am to
Jin Yang! Mother frick!
Posted by LSUFreek
Greater New Orleans
Member since Jan 2007
15580 posts
Posted on 5/26/21 at 8:49 am to
And most of the houses there don't come with central heating/AC.
Posted by RedRifle
Austin/NO
Member since Dec 2013
8334 posts
Posted on 5/26/21 at 8:56 am to
quote:

chuckle every time a liberal buys a home for this reason.
Always got to have something for yourself, but will vote entirely opposite of this mindset.




What the hell are you talking about? California has some of the best high schools and definitely the best public university system in the country.
Posted by siliconvalleytiger
Bay Area, CA
Member since Apr 2004
31266 posts
Posted on 5/26/21 at 8:56 am to
In Menlo Park so actually a good deal
Posted by Centinel
Idaho
Member since Sep 2016
44038 posts
Posted on 5/26/21 at 8:58 am to
quote:

California has some of the best high schools


If you're rich.

Not so much for everyone else.

Posted by dawgfan24348
Member since Oct 2011
50575 posts
Posted on 5/26/21 at 9:02 am to
quote:

If you're rich.

Well yeah the better the area the more demand there will be, therefore there will be a higher price.
This post was edited on 5/26/21 at 9:03 am
Posted by A Menace to Sobriety
Member since Jun 2018
31821 posts
Posted on 5/26/21 at 9:09 am to


Love this guy.
Posted by Damone
FoCo
Member since Aug 2016
32966 posts
Posted on 5/26/21 at 9:20 am to
quote:

Damn. My house would be around five million in that market. How in the hell do people live there?

Tech companies pay corporate HQ employees very, very well.
Posted by siliconvalleytiger
Bay Area, CA
Member since Apr 2004
31266 posts
Posted on 5/26/21 at 9:26 am to
Depends on the area and age of house.
Posted by siliconvalleytiger
Bay Area, CA
Member since Apr 2004
31266 posts
Posted on 5/26/21 at 9:27 am to
I’m not sure wanting the best education for your kids is a liberal vs conservative issue.
Posted by UAinSOUTHAL
Mobile,AL
Member since Dec 2012
5101 posts
Posted on 5/26/21 at 9:33 am to
Forget the house you are paying for 1.9M for the land. The house is free.

Honestly that house is a good candidate to be torn down and a nice two story modern house built with say 2,400 sq ft. You could probably make a lot by doing that. Would be a 5 million property after.
Posted by KosmoCramer
Member since Dec 2007
79166 posts
Posted on 5/26/21 at 9:36 am to
quote:

Honestly that house is a good candidate to be torn down and a nice two story modern house built with say 2,400 sq ft. You could probably make a lot by doing that. Would be a 5 million property after


Posted by AUFANATL
Member since Dec 2007
4638 posts
Posted on 5/26/21 at 9:46 am to

Not sure what the tear down value would be. That lot looks tiny in the photo and they have some very restrictive building ordinances out there. You probably aren't putting a McMansion on that tiny piece of turf and even tearing it down is going to be a bureaucratic nightmare.

Also people need to remember that the Bay Area housing bubble isn't just a product of high tech salaries. Chinese kleptocrats have been laundering their pilfered money there for years. I remember somebody did a piece where they analyzed the recent buyers in a zip code and half of them were shell companies owned by Chinese nationals. That's how all of those corrupt government officials over there hide their loot. Bank accounts anywhere can be frozen and seized, but American real estate is the safest harbor in the world, and the values in the bay area just keep going up, up, up.
Posted by Ajo Devil
Tempe, AZ
Member since Sep 2006
2428 posts
Posted on 5/26/21 at 10:29 am to
quote:

I sure hope they have some section 8 housing for those lest fortunate.


They do.

Miles and miles away.
Posted by Bottom9
Arsenal Til I Die
Member since Jul 2010
23945 posts
Posted on 5/26/21 at 10:58 am to
I'd sell the frick outta that house and move to Tejas or Florida
Posted by jfw3535
South of Bunkie
Member since Mar 2008
5214 posts
Posted on 5/26/21 at 11:12 am to
If I could just figure out how to transplant my house to silicon valley, I'd have a $6.5 million house!!!!
Posted by real turf fan
East Tennessee
Member since Dec 2016
10167 posts
Posted on 5/26/21 at 11:18 am to
A prof of mine got his PhD from Stanford and said (during a typical sweltering hot and humid summer) that the climate at Stanford was never hot or cold and never too humid or too dry. He was from Missouri and had served in Korea and he regretted ever leaving the area around Stanford.
Posted by Centinel
Idaho
Member since Sep 2016
44038 posts
Posted on 5/26/21 at 11:20 am to
quote:

Well yeah the better the area the more demand there will be, therefore there will be a higher price.


I was talking about school quality, not real estate prices.

Learn to read better.

Posted by Palomitz
Miami
Member since Oct 2009
2448 posts
Posted on 5/26/21 at 11:42 am to
Unreal, however NYC, Upstate NY, Virginia, DC and the tri-county area in South Florida, are right behind.
Posted by northshorebamaman
Cochise County AZ
Member since Jul 2009
36388 posts
Posted on 5/26/21 at 1:07 pm to
quote:


Honestly that house is a good candidate to be torn down and a nice two story modern house built with say 2,400 sq ft. You could probably make a lot by doing that.
I get it but I still hate it. A Chinese (just saying ) couple bought my grandmas old house in Palo Alto, tore it down, and built this pink monstrosity:



(her house was in the style of the house on the right)

Another couple bought my other grandma's house in Sunnyvale and tore out her amazing backyard garden and layed the whole backyard in concrete.

This is our old house in Palo Alto. It sold for $1.5 MM or something stupid last time it was sold but as someone who grew up there I'm just glad the area is still recognizable.

This post was edited on 5/26/21 at 1:37 pm
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