Comments on: $1.25 million house in Redwood City – with revenue opportunities

By: sg

sg — Fri, 01 Feb 2008 07:49:37 +0000

8. burbed Says:
January 31st, 2008 at 5:48 pm

It’s actually a lot worse in SoCal

Well, that is arguable . Of course, prop 13 is applicable there too.

By: burbed

burbed — Fri, 01 Feb 2008 01:48:12 +0000

It’s actually a lot worse in SoCal

By: sg

sg — Fri, 01 Feb 2008 00:46:57 +0000

I know this must has been discussed before. But will ask the same question again.

Since the housing bubble is a nationwide phenomenon, why is it so much more inflated in the bay area (w.r.t. median salaries)? Is it the culture, or Prop 13?

By: sonarrat

sonarrat — Thu, 31 Jan 2008 18:09:16 +0000

I think the real news is that East Coasters consider a 3,000 square foot home a “starter.” WOW!

By: ex-sunnyvale-renter

ex-sunnyvale-renter — Thu, 31 Jan 2008 16:47:48 +0000

I was going to say, Fill the yard with trailers and rent ‘em out, yeah, that’s a good idea on the Messy Cans, just charge each Messy Can $200 a month rent/mordida, and you can pay this overprices hunk a junk off in no time*

*where no time = what, 50 years or so? Or until the next really good quake.

By: burbed

burbed — Thu, 31 Jan 2008 16:33:39 +0000

Actually the median in Greenwich is just $1.9 mil.

http://money.cnn.com/magazines/moneymag/bplive/2007/snapshots/CS0933620.html

I think you’re missing my point though. If a $1.3 million dollar house in Greenwich is huge and nice, compared to $1.3 million dollar houses in the Bay Area which are run down and cruddy – what does that say about Greenwich compared to the Real Bay Area?

By: JayDawg

JayDawg — Thu, 31 Jan 2008 16:19:30 +0000

Earth to Tim: If you want to convince the world that people in Greenwich are not intelligent and interesting, Hollywood types and hedge funds aren’t your best line of reasoning.

Just sayin’

By: Tim Judge

Tim Judge — Thu, 31 Jan 2008 15:14:25 +0000

“Will that be possible in Greenwich, CT? Of course not – they’re all boring there.”

I think you should back off the Greenwich thing! There are not to many boring people here, and 1.25 is a starter home here. The average home in Greenwich CT in 2007 was $2,973,201. I don’t want to name names but the we have quite a few Hollywood types in town, as well as the largest concentration of hedge funds in the world. So follow the money and you’ll find some very interesting and intelligent people living in Greenwich CT. Next time your on the right coast look me up and I’ll show you around.

Tim

By: Motivated Reader

Motivated Reader — Thu, 31 Jan 2008 13:53:16 +0000

You could rent to some Messy Cans. Why not? Are you prejudiced or something? If you cannot find any locals go to Mountain View. Plenty of them there. Make sure ID valid -oops you cannot ask that legally in Silly CON valey, can you? LOL suckers. Buy BUY, bye BYE!

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