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Started By
Message
re: The following lot sold for a million dollars in silicone valley this week
Posted on 5/10/18 at 8:36 am to ItNeverRains
Posted on 5/10/18 at 8:36 am to ItNeverRains
quote:
Prices are almost as ridiculous here as they are in Cali
...um no, they're not. San Jose: 1/9th of an acre for $1MM (based on where the burned out house is located)
Nashville...1 acre for $600K
1
Posted on 5/10/18 at 8:44 am to Koach K
quote:
What kills me is thst banks lend money to W-2 employees which are most always at-will. What kind of “security”’ is that?
Are you suggesting banks not lend to W-2 employees, which is by far the majority of the market?
Posted on 5/10/18 at 9:01 am to HailHailtoMichigan!
ITT: a bunch of people who have no idea about the concept of "highest and best use"
Posted on 5/10/18 at 9:13 am to MardiGrasCajun
quote:
...um no, they're not.
San Jose: 1/9th of an acre for $1MM (based on where the burned out house is located)
Nashville...1 acre for $600K
This is in WestMeade. In Belle Meade a 1/2 acre teardown could easily be a million in Nashville.
Almost means almost
Posted on 5/10/18 at 9:17 am to HailHailtoMichigan!
Nobody buys homes in California. They buy land that happens to have shitholes sitting on them.
Posted on 5/10/18 at 9:18 am to Koach K
Not sure what you’re trying to say, the banks shouldn’t lend to people with steady, verifiable income?
Posted on 5/10/18 at 9:18 am to kywildcatfanone
quote:
I think someone bought the land and the burned out house came with it.
obviously
Posted on 5/10/18 at 9:48 am to HailHailtoMichigan!
Quick flip, just needs a little lipstick.
Posted on 5/10/18 at 9:54 am to HailHailtoMichigan!
How much would this one go for?
Posted on 5/10/18 at 10:24 am to ItNeverRains
quote:
This is in WestMeade. In Belle Meade a 1/2 acre teardown could easily be a million in Nashville.
Almost means almost
You're not comparing apples to apples.
You'd consider Nashville the most popular and desirable city in Tennessee? You pick Belle Meade (most desirable suburb/neighborhood of Nashville.) However, we're comparing a city in California that's not the most popular and desirable? How about grabbing a 1/2 acre tear down in San Francisco in the most desirable neighborhood and get back to us on your comparison. It's not "almost" and not even in the same spectrum.
Posted on 5/10/18 at 10:27 am to shinerfan
quote:
Damn it. I thought Bachmann had already spent all of Big Head's money.
Bachmann's estate bequethed 10% ownership in Pied Piper to Big Head. I guess we know how he chose to spend that equity.
Posted on 5/10/18 at 10:29 am to pwejr88
quote:
Why do people keep seeing the house?
It’s obviously the land and location.
I agree, but in fairness, the lot looks like hot garbage too. That picture could literally have been taken off of Choctaw Drive in BR.
EDIT: I just google mapped the address. The neighborhood doesn’t look terrible but it sure doesn’t look like anything I’d pay 7 figures to live in.
This post was edited on 5/10/18 at 10:33 am
Posted on 5/10/18 at 10:40 am to MardiGrasCajun
quote:
However, we're comparing a city in California that's not the most popular and desirable?
while san jose is a shithole, it is far more desireable than some of the other communities. Although it does depend on where it is.
i know someone who owns a 2 bd/2 ba in south san jose. it appraised for 1.1M. they bought it for $600k in 2011.
Posted on 5/10/18 at 10:44 am to HailHailtoMichigan!
quote:
It was recently burned out from a fire
I started a campfire once as a kid. This really brings me back.
Posted on 5/10/18 at 10:45 am to idlewatcher
I bought a lot once 
Posted on 5/10/18 at 10:46 am to HailHailtoMichigan!
quote:
HailHailtoMichigan!
Keep fighting the good fight...
Posted on 5/10/18 at 10:49 am to brian_wilson
quote:
it is far more desireable than some of the other communities.
Absolutely.
Posted on 5/10/18 at 11:59 am to DirtyMikeandtheBoys
quote:
I've smoked crack in that house!
Well, now we know how the fire started.
/ inbe4IveSeenBetterHousesInTheQuad
Posted on 5/10/18 at 12:00 pm to HailHailtoMichigan!
The lot sold for a million, genius.
Posted on 5/10/18 at 12:11 pm to TigersSEC2010
quote:
$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.
There are currently 74 houses for sale in BR for over a million dollars, move the price to just $950K and the number doubles.
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