September 21, 2007

Are you Sam Alsaaty’s client/customer?

If you do business with Sam Alsaaty, you might want to be aware. I got this email from him today:

Good Afternoon,

I was just looking at your web site, I have a number of clients searching online for a  mortgage company in that area. I’m looking for a reputable lending source that I can direct these clients to.

I do not work as a referral agency or lead broker. I am looking to send my clients to one appropriate mortgage firm by showing them a relevant web site when they are searching for a company who is able to meet their needs. Your site definitely looks like a strong fit for what we do.

Based on what I see on your site, I think you might be a good fit. I have a couple of questions though, as I like to know who I’m working with…

How long have you been in business?

Have you ever had any Better Business Bureau(BBB) complains in the past 6 months?

I’ll be working on finding a source for my clients all day today. So, please contact me at your earliest convenience.

Thank You,
Sam “Sammy” Alsaaty

It’s generally not a good sign if you’re asking Burbed if it’s a mortgage company…

Comments (3) -- Posted by: burbed @ 4:34 am

September 20, 2007


MLSlistings Property Detail for MLS number 731716
16645 CORY LN
Morgan Hill, CA 95037
Att: First Time Home Buyers
NO MONEY DOWN, NO PAYMENTS FOR 6 MONTHS. Lovely home with lots of room for you to enjoy! Fully detached is situated on nice quiet safe street. Surrounded by a large private, child-safe fenced yard. It features nice remodeled kitchen with new appliances. Long drive way perfect for an RV. CALL US FOR MORE INFO. 408-315-6320

This Single Family Residence has the following features:
MLS#: 731716 Approx Age: 31 Years Approx Sq Ft: 1228
Detached Single Family 1 Story Traditional
3 Bedrooms Loft Bedroom 1 Bathroom
1 Stall Shower 1 Tub Eat in Kitchen
Laundry Area – Garage Wall to Wall Carpeting Hardwood Floors

Burbed doesn’t venture into Morgan Hill very often, but this deal caught his attention. Wow… No money down and no payments for 6 months. This is pretty awesome. It’s like living for free – in Morgan Hill!

Zillow shows that this house was last sold on 02/02/2005 for $515,000 meaning that the seller might just break even after 2.5 years. Or may be not. But since it didn’t go up much, now’s your chance to scoop it and flip it. Morgan Hill’s the next Los Altos Hills. Don’t be priced out forever!

Comments (4) -- Posted by: burbed @ 5:51 am

We’re in the Top 10 again! Woohoo!

Nothing makes me happier than to see the Bay Area as #1 or Top 10.

And once again, we’ve done it!

San Jose Mercury News – Mr. Roadshow

Look at that – New York didn’t even place. TAKE THAT NEW YORK.


It’s only a matter of time before we (as in Palo Alto and Cupertino) surpass Manhattan in price per square foot. I can smell victory.

Click here to post a comment -- Posted by: burbed @ 4:29 am

September 19, 2007

Nearly half of Fremont city workers make more than $100K

San Jose Mercury News – Nearly half of Fremont city workers make more than $100K
FREMONT – Three hundred and eighty-four city of Fremont employees made more than $100,000 last year – nearly half of the city’s full-time work force, according to city figures.

City Manager Fred Diaz was the highest earner, receiving $251,788 in total compensation. He was followed by City Attorney Harvey Levine, $243,185; Police Chief Craig Steckler, $226,638; and Fire Chief Bruce Martin, $200,181.

Nearly every full-time sworn member of the police and fire departments earned six figures last year. The two departments accounted for 288 out of the 384 employees making more than $100,000.

For most of 2006, he added, the department operated with about 165 officers. Overall, last year, 164 sworn officers made at least $100,000.

“I’m not surprised we have a number of officers making over $100,000 a year,” Steckler said. “When you lay off a bunch of people and none of the work goes away, someone has to take on those responsibilities.”

For sworn officers who made at least $70,000 in base salary last year, the average salary was $124,226. For firefighters, not including the chief and deputy chief, it was $136,333. Those police officers earned an average of $12,760 in overtime. For the firefighters, it was $29,659.

Um, I’m not sure why this is news.

Everyone knows that everyone makes at least $100,000 in Silicon Valley. That’s why house prices are where they are at and why groceries cost as much as they do.

Sure the cost of living is 50% in Denver – but let’s face it, your income would also only be 75%.

So yeah you’d make less and spend a lot less, but wouldn’t it be better to earn a little more and spend a lot more?

What kind of player are you if aren’t spending a lot?


Comments (6) -- Posted by: burbed @ 11:02 am

This affordable Bay Area home? Or yesterday’s?

MLSlistings Property Detail for MLS number 745545
East Palo Alto, CA 94303


This Single Family Residence has the following features:
MLS#: 745545 Approx Age: 56 Years Approx Sq Ft: 1010
Detached Single Family 1 Story Cottage/Bungalow
3 Bedrooms 1 Bathroom 1 Shower over Tub

At just $434 per square foot, this is a far better deal than yesterday’s East Palo Alto house. On the other hand, this house doesn’t come with any suggestions on how to turn this into a great investment project.

Would you go for this one? Or the one from yesterday?

Comments (9) -- Posted by: burbed @ 5:44 am

September 18, 2007 breaks all my links

Booo., the site which I’ve been sending so much traffic to, has changed their website – and now the vast majority of links on this site are broken.

Any clever suggestions on how I can redo all the links easily? What a pain.

The only good news is that interest rates have been cut!

Comments (12) -- Posted by: burbed @ 12:00 pm

Garage can be a family room or a bedroom

MLSlistings Property Detail for MLS number 742945
East Palo Alto, CA 94303


Contractor or Handyman Special!

This Single Family Residence has the following features:
MLS#: 742945 Approx Age: 55 Years Approx Sq Ft: 820
Detached Single Family 1 Story 3 Bedrooms
1 Bathroom 1 Shower over Tub Eat in Kitchen

If you wait another day to buy this house, it might just collapse! I kid I kid. But I love the “this home won’t last long” ads.

I really do love this ad for a $531.25 per square foot house. The convertible garage. The “perfect for an investor or contractor” bit.

Here’s an idea, take all the money you were going to invest in SUNW JAVA and invest it here instead. You owe me if it works!

Comments (9) -- Posted by: burbed @ 5:39 am

September 17, 2007

$780,000 for a 636 sqft house in Palo Alto

Enchanting 1 BR/1 BA Single Family Home-Next to Stanford Univ. Campus

A beautifully upgraded 1 BR/1 BA single family home conveniently located just one block from the Stanford University campus. This bright and cheery house is situated on a quiet cul-de-sac in the College Terrace neighborhood, with access to some of the nation’s best schools.

The 636 sq. ft. main house is situated on a 1,742 sq. ft. lot and features hardwood flooring, central heating & A/C, a lovely fireplace, a convenient in-house laundry area, and a thoroughly inviting kitchen that has been completely remodeled w/ new, stainless appliances, including a commercial-grade gas range & exhaust fan. A sunny, finished garage w/ skylights is suitable for use as additional office space. In addition to private front & backyards, the property also benefits from a large common yard area shared with four neighboring properties that is perfect for entertaining.

Burbed reader Dan had this to say:

 I just saw this gem pop up on craigslist.  Nothing says value like paying $780,000 for a 636 sq ft house – its only $1226 a sq foot.  But of course there are tremendous expansion possibilities since the lot is all of 1,742 sq ft.  I love how the ad notes the square footage of the “main house” – like there is room for a guest house on the lot.

Dan, everyone knows that people who live in Palo Alto are in great physical shape. As such, they simply need less space. Also, they can afford the best laptops, LCDs, and iMacs – more space reduction. You probably don’t have enough money to understand how this works.  It’s like how debt=wealth – that’s ok, paradigm shift.

In fact, this is such a forward thinking house, the yard is shared. I can’t think of anything more eco-friendly than that.

Palo Alto truly is special.

Comments (12) -- Posted by: burbed @ 5:37 am

September 15, 2007

Morgan Hill and Gilroy Median Home Prices Down of Hollister California
Median home prices in Morgan Hill dropped to $858,000 in July, compared to $1 million for the same month last year, according to the MLS. In Gilroy, homes prices dropped to $675,000 in July, compared to $725,000 for the same month last year. Similar to its neighbor to the north, Gilroy has seen an increase in the number of homes on the market. But the biggest change in both cities involves the length of time it takes to sell a home.

This shouldn’t come as a surprise to anyone. Ever since Gilroy was kicked out of the Bay Area, it just hasn’t been the same. Look at some of the previous homes there. Sure sure – Gilroy is a short drive from Apple and Google and Facebook and VMWare and Web 2.0, but this just wasn’t the year.

So sorry Gilroy and Morgan Hill – we’re not BFF anymore.

Maybe when your median reaches $725,000 again, we can talk.

Click here to post a comment -- Posted by: burbed @ 7:14 pm

Stamford beats San Francisco in rent prices

Renters squeezed by housing shortage – Yahoo! News
In the Stamford area, a breadwinner needs to earn more than $30 an hour to afford the rent of a typical two-bedroom apartment, the highest figure in the nation. San Francisco ranks a close second — placing immense burdens on residents such as schoolteacher Meagan Devine and retiree Jose Morales.

Boooh. It’s no fun unless you’re #1. Surely we can do better than that. How can we keep house prices and rent prices going up?

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