May 25, 2007

Memorial Wknd Special: $699,000 for a 4 bedroom, 3.5 bath house!

What an interesting week it has been:

Monday: We looked at a $585,000 ($3442 a month mortgage) that rents for just $1850 in Redwood City (Thank goodness for guaranteed 20% yearly appreciation!)

Tuesday: We found out that groceries for your Memorial Day Weekend BBQ will cost 11% more than if you lived in DC, 17% more than if you lived in Seattle. (Our perfect weather means that the food sold at Safeway tastes better.)

Wednesday: We looked at $699 4br/3.5ba house in Washington DC. And we learned that if you made $100k here, you only need to make $90k there. (But then we realized that they don’t have Fry’s there. Good luck buying anything tech!)

Thursday: We looked at $698 5br/2.75ba house in Bellevue, WA. And we learned that if you made $100k here, you only need to make $73k there. (But then we realized that they don’t have the California sun – don’t you spend all day outdoors having fun? What? You’re working to pay a mortgage?)

And now, it’s Friday. So to wrap up the week before we head out for a long weekend, let’s see what $699,000 – the median home in Santa Clara – buys you in the world’s most perfect region to live in:

MLSlistings Property Detail for MLS number 722955
1213 JERVIS AV
East Palo Alto, CA 94303
$699,000

1213jervis.jpg

This Single Family Residence has the following features:
MLS#: 722955 Approx Age: 57 Years Approx Sq Ft: 1110
Attached Single Family 1 Story Ranch
3 Bedrooms 2 Bathrooms 2 or More Stall Showers
2 or More Tubs Eat in Kitchen Living Rm/Dining Rm Combo

Yep… that’s what you get! Beautiful huh?

Don’t tell me you’d rather have this:

or this:

At the end of the day, you don’t need a big home, or cheap groceries. What you really need is a big mortgage, and a house with bars on the windows and doors, and a gate.

Nothing will give you the freedom you so deserve after working so hard all week, like a house in Silicon Valley.

Have a good weekend everyone!

Click here to post a comment -- Posted by: burbed @ 5:05 am

No Responses to “Memorial Wknd Special: $699,000 for a 4 bedroom, 3.5 bath house!”

  1. Area 51 Says:

    They forgot to add: E-Z freeway access…..it’s only one block from the 101/Willow Rd exit. How awesome is that?!
    Oh and here’s some current stats for crime in east PA which used to be the murder capital of the US: Not anymore, what a bunch of losers….
    Murder=3.67x National average
    Forcible rape= 1.63x
    Robbery=1.38x (c’mawn try harder!)
    All Violent crime=1.63x

    Now San Jose: (bunch of pansies)
    Murder=0.42x National Avg.
    Forcible rape=0.84x
    All violent=0.62x

    How about Seattle?
    Murder=0.77x
    Forcible rape=0.83x
    All violent=1.15x

    Conclusion: East Palo Alto WINS! Yipee!

  2. burbed Says:

    It was noted that the house I picked in DC (which is not a very special place) may actually be in a high crime neighborhood.

    I wonder how the crime in EPA stacks against DC.

  3. Area 51 Says:

    Looks like DC wins that one:

    Murder=5.75x National Avg
    Rape=1.33x (East PA wins)
    All Violent=2.63x

    Murder Capital is New Orleans

    see: cityrating.com

  4. Baron Davis Says:

    I never post, but since this story hits so close to home, here’s my personal experience.

    This is a house in my neighborhood.
    http://www.mlslistings.com/common/properties/propertyDetail.asp?open=0&page=4&mls_number=669445&type=property&name=

    I’m two streets away and I would say my street is “better”–way fewer cars on the street and all the houses have extremely well manicured and cared for lawns/driveways. Myhouse is smaller (1650 sq ft) but i feel my upgrades and landscaping is much more tasteful and down with higher grade material. Either way, that’s subjective, so I intend to list for 80-100K less than this guy….maybe even more since this house was bought way before the boom.

    I’m been dying to buy a house in this neighborhood in Seattle…similar to this one.
    http://sea.themlsonline.com/details.search/15f71112b2791688371455208402a2ef/1/results/27064800

    Which 2100 sq ft house would you rather live in?

    Don’t get me wrong, I actually love the neighborhood I live in. We bought way before the big boom. The neighbors are super nice, we’re right next to big parks, we get beautiful views of the hills (for when they’re green for 1.5 months out of the year) and the commute to (Palo Alto for me, Cisco in Milpitas for my wife) is pretty good.

    But who in their right mind wouldn’t rather live in the Seattle house. Look at that view! and if you’ve ever seen the Bellevue neighboorhood there, it’ll put $1.5 – $2 million Palo Alto neighborhoods to shame. Whatsmore, Seattle itself actually sees LESS total rainfall than the bay area…sure it sprinkles more, but the total is actually less.

    Only problem, we’ve been looking for jobs up there for approx 2 years when we realize that our house was insanely overvalued. Nothin’…bupkus… Sure we don’t need our current salaries to afford the house there…we actually only need like 60% or so of our current salary. Unless we totally switch fields and give up 15 years of our careers….and I’m not just talking about salary, but also our positions within our company. Well, we’re still looking…

    Anyways…summary of very long post:

    Seattle = beautiful & reasonably priced

  5. burbed Says:

    >Seattle = beautiful & reasonably priced

    It’s kind of funny, I have friends from that area – and if you ask them, they’re fuming about the property prices there. Oh, and they hate Californians for buying up all the real estate there.

    Be sure to check out: http://seattlebubble.com/blog/

    In any case, I highly recommend you don’t move there. Only California is special. They don’t have anything we do here. Why not just move to Palo Alto? Ask your broker today about a 50 year mortgage!

  6. Baron Davis Says:

    Sarcasm aside, even Palo Alto doesn’t compare with the neighborhood we’re looking at, IMO :) And the weird thing is? I actually prefer Milpitas to Palo Alto.

    Oh, how did we find out about this neighborhood? Friends from San Francisco moved up there 3 years ago and told us about it. Yeah, they do say people always “jokingly” give em crap about raising home prices. It’d be really interesting to see real actual statistics on people moving out of the Bay Area and to Portland and Seattle. I would guess people here say “not enough” and people there say “too much”. Oh well, too bad for Seattlites and good for me…hopefully.

  7. ddnoriajtd Says:

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