Comments on: What’s $729,000 and has bars on the windows? http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/ San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog Wed, 08 Feb 2012 22:43:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Adam http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1875 Adam Wed, 29 Aug 2007 17:43:56 +0000 http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1875 That's what happens when an East Bay-er trusts the MLS, I guess! That’s what happens when an East Bay-er trusts the MLS, I guess!

]]> By: sonarrat http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1874 sonarrat Wed, 29 Aug 2007 04:10:46 +0000 http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1874 Actually, it is in Campbell. It's pretty far west of Highway 17 and close to the Westgate Mall in Saratoga. Actually, it is in Campbell. It’s pretty far west of Highway 17 and close to the Westgate Mall in Saratoga.

]]> By: Adam http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1873 Adam Tue, 28 Aug 2007 23:51:53 +0000 http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1873 Nitpick alert: It's on Campbell <i>Avenue</i> but is in the city of San Jose. Nitpick alert:

It’s on Campbell Avenue but is in the city of San Jose.

]]> By: christina http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1872 christina Tue, 28 Aug 2007 13:27:17 +0000 http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1872 It looks like a crack house - nice yard if you live by the train tracks... heh, tracks... crack house... Er, back to work I go... It looks like a crack house – nice yard if you live by the train tracks… heh, tracks… crack house… Er, back to work I go…

]]> By: sonarrat http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1871 sonarrat Mon, 27 Aug 2007 23:41:42 +0000 http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1871 Yes, they're still holding onto it. I keep telling them to cash out and retire someplace where they could live like kings on the interest from the equity alone, but they refuse to budge! And believe it or not, they had (and still have) an ARM. But it's capped at 7.5% or something so it's not as bad as the scams you associate with the term nowadays. Yes, they’re still holding onto it. I keep telling them to cash out and retire someplace where they could live like kings on the interest from the equity alone, but they refuse to budge! And believe it or not, they had (and still have) an ARM. But it’s capped at 7.5% or something so it’s not as bad as the scams you associate with the term nowadays.

]]> By: burbed http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1870 burbed Mon, 27 Aug 2007 22:59:15 +0000 http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1870 Being upside down in the tends of thousands isn't so bad if you have a fixed mortgage and can afford it I suppose. Are they still holding onto it? At the rate of 7.6% per year appreciation, I bet in 2025 it will be worth $5.6 million. That'd be pretty sweet. Being upside down in the tends of thousands isn’t so bad if you have a fixed mortgage and can afford it I suppose.

Are they still holding onto it?

At the rate of 7.6% per year appreciation, I bet in 2025 it will be worth $5.6 million.

That’d be pretty sweet.

]]> By: sonarrat http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1869 sonarrat Mon, 27 Aug 2007 22:50:31 +0000 http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1869 You joke, but my parents had Digital and Oracle (their employers). They paid $400,000 for a huge house with a lake view in Morgan Hill back in 1989. And if you're looking at that year and thinking, hmm - yep, that was right at the peak of the market at that time. It was a bubble house. It appreciated for one year, and then they were upside down by tens of thousands of dollars until the mid-90s. People were bailing out left and right. Not them - they held on and continued to endure the 120-mile round trip commute to Redwood City. Now it's worth around $1.5 million. If you can swallow hard and pay for a nice house, it will pay off in the long run. (Of course, most of the property you see on Burbed could never perform like that.) You joke, but my parents had Digital and Oracle (their employers). They paid $400,000 for a huge house with a lake view in Morgan Hill back in 1989. And if you’re looking at that year and thinking, hmm – yep, that was right at the peak of the market at that time. It was a bubble house. It appreciated for one year, and then they were upside down by tens of thousands of dollars until the mid-90s. People were bailing out left and right. Not them – they held on and continued to endure the 120-mile round trip commute to Redwood City. Now it’s worth around $1.5 million. If you can swallow hard and pay for a nice house, it will pay off in the long run. (Of course, most of the property you see on Burbed could never perform like that.)

]]> By: burbed http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1868 burbed Mon, 27 Aug 2007 19:26:03 +0000 http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1868 Yeah but did your parents have Google? Yeah but did your parents have Google?

]]> By: Moe http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1867 Moe Mon, 27 Aug 2007 19:01:41 +0000 http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1867 Besides the tumbleweed, barred windows, and general neglect, that place is almost identical to the house I grew up in. So for just seven times the cost of my parents' house, I could get the bizarro version. Nice! Besides the tumbleweed, barred windows, and general neglect, that place is almost identical to the house I grew up in.

So for just seven times the cost of my parents’ house, I could get the bizarro version. Nice!

]]> By: sonarrat http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1866 sonarrat Mon, 27 Aug 2007 18:59:31 +0000 http://www.burbed.com/2007/08/27/whats-729000-and-has-bars-on-the-windows/#comment-1866 nss, I am a renter. I was only giving my opinion of the home, I do not think it will sell for that little if only because the seller probably cannot afford to cough up $200K upside-down. Also, do not rely on zestimates. nss,

I am a renter. I was only giving my opinion of the home, I do not think it will sell for that little if only because the seller probably cannot afford to cough up $200K upside-down. Also, do not rely on zestimates.

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