pulled off a really great Conan O'Brien
I must've fast forwarded past this on the DVR. What happened?
I must've fast forwarded past this on the DVR. What happened?
To those of you who think $20 per hour is expensive... be aware that in Silicon Valley, you are expected to pay... uh... donate $2,500-$10,000 to your public school to get "access" to the superintendent and others.
[tinyurl.com]
And that's after you spend $800k for a tear down.
Is it any wonder the Mayor of San Jose stated that a $250k salary is "upper working class"?
[tinyurl.com]
It's normal to pay at least $550 per square for non-ghetto houses in Silicon Valley.
In Palo Alto, the norm tends to be $800 per square plus.
You might appreciate some of the houses here:
[www.burbed.com]
Today's entry is pretty good... $1.5M for a 5br/3.5ba. You pay $15k a year in property tax. And you get to live next door to a Museum of Rusted Trucks In a Driveway - who pays only $1k a year in property tax!
Scroll down further for the house that recently went for $1294 per square foot. ($885k for 684 sqft.) I think it's closer to where Zuck lives.
Ah, to go back to the peak of the housing bubble days when houses like these would go for twice the value. Oh well. Now Silicon Valley is all affordable. :( #jawedkarim
I totally agree with Consumerist here.
The US Government should be doing more to save the american dream. I hope Consumerist writes a post that proposes the Save the American Dream Tax - where the IRS would levy a Renters Fee to ensure that every one who owns a home can sell it at breakeven. This Renters Fee could be payable by going to Best Buy, and could be disputed through mandatory arbitration.
I mean... how is it at all fair that this person is going to lose at least $100k by selling this house?
Bush is mean. He should be doing something with your money to help this owner. Doesn't he realize that this homeowner was probably tricked - no - had a gun held to his head to buy?
Realtor: HANDS UP chump. Lemme so those hands.
Renter: What? Huh?
Realtor: That's right. You're gonna have to buy this house, see? Give me your...
Renter: Wallet? Don't shoot me!
Realtor: No, your social security number so my buddy here can give you a mortgage.
Renter: Anything! Just don't shoot me!
Mortgage Broker: Sign here if you want to live.
Renter: Yes, I want to live! I will buy this house even though it looks like a busted garage!
See? Damnit Bush... do something!
What they need to do right now is cut the interest rate to 0%.
Otherwise, how will sellers be able to force buyers to sign contracts agreeing that they will feed the squirrels as a condition of purchase?
True story!
>Within a month of putting her two-bedroom house in San Francisco on the market recently, homeowner Linda Gao had five offers, each one above her asking price of $699,000. So before accepting the most-attractive bid, she threw in an extra condition: If you want to buy my house, you have to feed the squirrels.
>>@zaky: "SF is dirt cheap---I don't know why people think it's crazy expensive. NY is repulsively pricey."
There's one difference though: NY is NY. San Francisco is not.
Last time I checked, folks living in SF weren't competing for housing with people like a crown prince of Saudi Arabia, etc etc etc. Nor is SF nearly as interesting as NY.
This is definitely a problem in my book.
San Francisco is still too DAMN AFFORDABLE.
When will we become a world class city like London, Moscow, and Manhattan (not the other 4 boroughs)?
The suburbs of San Francisco have done their part to be relatively unaffordable. Look at Mountain View!
$600k, 842 sqft, a few walls missing. See? Mountain View is doing it's part. You won't find unaffordability like this in the suburbs of New York or Chicago or Washington DC.
Come on San Francisco - let's raise the bar. Let's all do our part to make it even more exclusive and more expensive.
After all - more expensive = more desirable = more special. And who doesn't want to live in a place that's special?
I've seen Chinese restaurants get restocked via the subway - dirty white buckets of mystery getting off at the Canal St station. Mmm... tasty.
They really should charge these people extra - or have a Cargo Metrocard
@txinfo: "A typical home in this area, in a high property value area, would list for around $200g - $300g."
The national median is about $2xx - so that's not exactly high property value area.
A high property value area would be this house in San Jose:
$460k for a 74 year old 900 sqft. Why is it so expensive? Well... the windows are all boarded up for you already! You can't put a value on time saved or anti-terrorism preparedness!
