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
Have you looked at real estate prices in Palo Alto? Most American suburbanites would be forced to live in a closet. Seven months out there and I thought I got a deal buying a house in DC. #jawedkarim
@Lymed: Very true. Many of the houses in the neighborhood being discussed here are in the 600-1200 sq. ft. range and they were almost certainly fetching seven figures in 2006/2007. They've come down since then, but it's still insane. I see one that's 1100 sq. ft. for $1.1 million and one 684 at $885k. I'm fairly certain this is among Palo Alto's cheapest single-family-home neighborhoods.
Also, it is called College Terrace, not College Park. It's correct in the tags, just not within the article copy.
I'm thinking that the PA City Council/Planning Commission/Permit Bureau may not be so quick to grant forgiveness. It sets a bad precedent, and it's basically a license for them to print money. I see a big, fat fine in Larry's future.
@Matthew_Maurice: But those fines usually have a maximum set for normal people. Say $1,000, which equals $20 to him. A better way may be to limit the fines to a percentage of the construction cost (which is how some permit fees are handled).
As a resident of Calfornia and student of history, I hope I may be forgiven for laughing at the notion of a 100-year-old historic home.
It’s obnoxious that he didn’t acquire a permit. Billionaires understand that they have to obey the law. They also understand that they can afford not to. I am sure he views the legal limit of fines and the de facto limit of legal fees as a (possibly) necessary expense of the project.
10/28/09
Money still can't buy taste. #jawedkarim
10/28/09
10/28/09
10/28/09
10/28/09
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
10/28/09
10/28/09
Also, it is called College Terrace, not College Park. It's correct in the tags, just not within the article copy.
03/25/09
03/26/09
03/25/09
03/26/09
03/25/09
(replies not working)
03/25/09
It’s obnoxious that he didn’t acquire a permit. Billionaires understand that they have to obey the law. They also understand that they can afford not to. I am sure he views the legal limit of fines and the de facto limit of legal fees as a (possibly) necessary expense of the project.
03/25/09