April 14, 2006

$265,000 for beachfront view in Half Moon Bay!

It’s friday. It’s the weekend. Let’s wrap up the week with a trip down to the beach…

MLSlistings Property Detail for MLS number 519266
14 MARTINS BEACH
Half Moon Bay, CA 94019

265halfmoon.jpg
View a Virtual Tour

$265,000

This Single Family Residence has the following features:
MLS#: 519266 Approx Age: Unavailable Approx Sq Ft: 800
Detached Single Family 1 Story Cabin
1 Bedroom 1 Bathroom 1 Stall Shower

I’ll be honest – I’m not an expert in beachfront property? Is this a good deal? Or not? Let me know!

Click here to post a comment -- Posted by: burbed @ 5:00 am






April 13, 2006

Hate Windows? This $529k home in Mountain View is for you!

Paranoid? Afraid of the 5-0 looking into your place? Wear a tin foil hat? This might be the home for you!

MLSlistings Property Detail for MLS number 618907
1916 SILVERWOOD AV
Mountain View, CA 94043
Complex: SILVERWOOD VLG
1962silver.jpg

$529,000

This Townhouse has the following features:
MLS#: 618907 Approx Age: 32 Years Approx Sq Ft: 968
Townhouse 26-50 Units Low Rise (1-3 Stories)

Caution… there are windows on the side. Sort of.

Comments (2) -- Posted by: burbed @ 5:00 am

April 12, 2006

Real Estate Bubble Blogs – Moneysmartz

Real Estate Bubble Blogs – Moneysmartz Category Updates: Moneysmartz Personal Finance Blog
Real Estate Bubble Blogs – Moneysmartz Category Updates | Moneysmartz Blog Home

Be worried, be very worried.

In addition to global warming, the dollar, and Iraq, add the housing bubble to your list of worries.

This is old news for many, but the chorus of concern seems to be reaching a climax.

Get ready for another decline say a growing list of real estate bubble bloggers.

In surveying real estate bubble bloggers, Moneysmartz found some very, very depressing news and more than a few blogs worth a moment of your time, particularly if you live in a bubble market.

Thanks for linking to me!

Click here to post a comment -- Posted by: burbed @ 10:31 pm

“Come with me if you want to live” – Governor to San Mateo Residents

San Mateo Daily Journal
San Mateo County, along with six other Northern and Central California counties, has been declared a state of emergency today by Gov. Arnold Schwarzenegger.

Alright, so he didn’t say “Come with me if you want to live” – but think about how much cooler it would have been had he said it.

My ballpark guess is that this will boost San Mateo property prices by at least another 5% – just think of the potential listings: “Now with wetlands”

Click here to post a comment -- Posted by: burbed @ 5:00 am

April 11, 2006

$600,000 940 sqft home – With *Free* Mud!

Hate taking care of your front yard? This house might be for you…

MLSlistings Property Detail for MLS number 571661
325 LILAC LN
East Palo Alto, CA 94303
325lilac.jpg

$600,000

This Single Family Residence has the following features:
MLS#: 571661 Approx Age: 52 Years Approx Sq Ft: 940
Detached Single Family 1 Story Ranch
2 Bedrooms 1 Bathroom 1 Shower over Tub

Haven’t you heard? Mud is in!

Click here to post a comment -- Posted by: burbed @ 5:00 am

April 10, 2006

Someone from Indy comments…

This makes me feel a lot better
Topic: Home Improvement

$764,900 for a 827 sqft house in Cupertino

Um, yeah. This is why I live in Indy. The house we’re wanting is a 2,300 sq. ft house for… well, a lot less than that.

Well sure… but then you’re not living in the San Francisco Bay Area. And a life not in the SF Bay Area – with all of its outdoor activities and 80 hour work weeks – is a life not worth living.

Comments (1) -- Posted by: burbed @ 10:22 pm

BEST DEAL EVER – $499k for a 2 bedroom house in San Jose

Happy Monday! Since it’s back to work, it’s back to finding great deals, here in the Bay Area.
Who says you can’t find a home in San Jose for less than $499,000! Here’s the bestest one ever:

MLSlistings Property Detail for MLS number 572186
1520 E CAPITAL EXPW ## 27
San Jose, CA 95121
Year: 1979
$499,000

1520ECAPITALEXPW.jpg

This Mobile Home has the following features:
MLS#: 572186 Approx Age: 26 Years Approx Sq Ft: 1080
Single Wide Mobile Home 2 Bedrooms 2 Bathrooms

It’s even mobile! Like a mobile phone! And everyone loves mobile phones! Right?

Comments (3) -- Posted by: burbed @ 5:00 am

April 7, 2006

Bay Area – Housing +50%, Jobs -17%, Permits -26%

It’s friday – time for some numbers:

How Strong Is the Housing Market Where You Live? : Interactive Table
Housing prices have repeatedly defied forecasts of a bust, but the market is finally showing signs of cooling. How can you tell if the area where you live is vulnerable to a downturn?

bwstats1.jpg

Compared to other places, this isn’t at all bubblicious actually. It’s only 16th in “Homes Bought As Investments”.

However, we are number 1 in “Purchase Loans Permitting Negative Amortization”. WOOT! #1!

Comments (4) -- Posted by: burbed @ 5:00 am

April 6, 2006

Orange County tops Bay Area in price-rent ratios

charles hugh smith-Weblog and wEssays

# The ratio between rents and prices–what a house rents for compared to what it fetches when sold–is at historically unsustainable levels. This graph says it all: a hockey-stick rise in values which far outstrips the income potential of the property. At these levels, housing makes no sense as an investment; it only makes sense as a speculation if the mania continues.

I think the real problem is that the OC beat the SF!

Comments (2) -- Posted by: burbed @ 5:00 am

April 5, 2006

What house does $739,990 buy… in Nassau County?

So as we noted yesterday, the number of millionaires is greater in Nassau County than in Santa Clara, but the median house price is dramatically greater. The question arises, of course – what could you get in Nassau County for the price of a median home in Santa Clara. Here’s what I found in Massapequa – birthplace of Mariah Carey and Jerry Seinfeld.

MLSLI.com – Find a Home
MASSAPEQUA
List Price: $739,990
Taxes: $10,062.20

739mass.jpg

SEC/AREA: Nassau Shores
Single family, 8 room Cape
4 Bedrooms, 2 Full Baths 1 Half Bath
None, Hw heating
Detached Vny/Flgstn construction
Year Built: 1956
School Dist: Massapequa
Lot: 128X111
Appearance: Excel

Home Features
Eat-in kitchen
Stove, Washer, Refrigerator, Dish washer, Dryer
Dining room: Formal
Den/Family room
Home office
2 fireplaces
Wall to wall carpeting
Attic
Skylight
Patio: Yes
Deck: N
Att 2.0 car garage
Driveway: Pvt
Inground Sprinklers: Yes

Not too shabby! Who says living in NY is too expensive?

Click here to post a comment -- Posted by: burbed @ 5:00 am