One of Burbed’s favorite streets is Pamela Drive. In the last post on this street, this was the status of the 3 condos that are being tracked:
Well, it turns out that some other activites have been happening on Pamela Drive:
Mountain View Voice: Crime Watch (January 26, 2007)
Prostitution, 200 block Pamela Dr., 1/12
Police went undercover to investigate a business claiming to provide massages. Officers conducted a search of the premises and arrested three people on charges of prostitution and providing massages without permits. The suspects are from San Jose, Saratoga and Daly City.
So here’s the question: Will this help or hurt the price of these condos?
Are these condos currently a fair $465 per square foot because of the benefit of living near such facilities? Or would they be $600 per square foot (typical for Silicon Valley) if they weren’t?
What do you think?