April 30, 2008

What should RenterBob do? Good schools in the Bay Area?

If Francisco and Misty Morales can afford a home on Sleep on It in San Jose… [Burbed.com]
RenterBob Says:
April 27th, 2008 at 2:07 pm

It’s fun to be making silly comments when you guys not out shopping for houses. I’ve been in the market for 6 months now, and the only reason I’m still a renter is because I’ve been outbid 3 times, once last year and twice this year so far. Things are very tough out there, and it can be an emotional experience. I work for a startup, but I don’t work for Facebook. I don’t ask for much, just a 3/2 in a good school district. My budget is $1 million. It seems that everybody can pay 10% more than me.

Ouch. What should RenterBob do? Should he just give up and leave since he’s priced out forever?

Or should he move to a semi-good school district? And where would that be?

Comments (80) -- Posted by: burbed @ 5:12 am

80 Responses to “What should RenterBob do? Good schools in the Bay Area?”

  1. Intellectual Giant Start - up Hero Says:

    Boo Hoo Hoo. Waaaaa, waaaaa, waaaa. Poor Baby. 6 wholemonths and only a 1 million dollar budget. What mommy and daddy can’t help baby out…

    Get a better RealWhore. Try Milpitas next. Nice Place. Make sure to budget for steel bars on windows and doors… Learn another language, that CAN be FUN.

    Second thought, why not just go somewhere else? Lots of homes available in Modesto, some neighborhoods already come with drug dealers and illegal alien squatters as neighbors. Helps with diversity you know, and you can get your lawn mowed cheap while you sit on the impassible roads joking called FREEways in gridlock traffic…

    OR

    Bid 20% more! Bwaaaaaa haaaa haaa. Borrowed money spent on a declining asset? Pure Genius.

    Request your college tuition be refunded. It didn’t take….

  2. JesusCrispy Says:

    The Lord has set aside a 3/2 just for you my son. The Lord loves all his children, even those that don’t work at Face Book. Let go and let God my child.

  3. Renter4 Says:

    Purcahse condo or townhouse in Cupertino? Those are under a million. Or, if you don’t NEED to buy, then a house rental? Those generally cap well under under $4k/mo in a good district.

  4. Real Estater Says:

    Renter Bob is in the toughest segment, which is at the entry level to the RBA. There are a lot of people in that situation. I anticipate the market to get even more active, because the economy is expected to do better in the second half. As we saw today, the economy is still growing. The analysts were wrong. We were not in a recession last quarter, and we are not in a recession this quarter. The media has over blown the economic slowdown. High gas prices is the main concern, but the stimulus checks that are coming right now should help to alleviate that issue.

  5. sf parent Says:

    A couple I know with four kids is renting in Piedmont for the schools. They are both economists and hard-nosed about making decisions like this without getting emotional, and their verdict was a house is just a place to live, and that renting is the only thing that makes financial sense in a market where owning costs several times the rental cost. They were very careful shoppers and picked a place where the landlord lets them do what they want (she reimbursed them for paint, etc.) so that even after taking some pretty swank vacations they have saved a ton of money in the last five years.

    Desperation is the world’s worst cologne, and it probably isn’t helping you in the house hunt. Why not find a nicer rental and relax a little? I watched a friend get so caught up in bidding wars a few years ago that when she finally won one she didn’t even remember that she had made an offer or which house it was, and that house has been nothing but trouble: termites, old wiring starting fires, leaks, asbestos, you name it. Sure it’s appreciated on Zillow, but she is conspicuously silent when you ask whether that’s more than she’s spent fixing up the place. And she’s now spent years living in squalor. Is that what you want for your kids?

  6. Trader Joe Says:

    Real Estater, care to wager $10k USD on whether average house price in RBA increases by end of 2008? I’ll definitely short the average now. You buying? We can use the S&P/Case-Shiller as our benchmark.

  7. RealEstater Says:

    >>Real Estater, care to wager $10k USD on whether average house price in RBA increases by end of 2008?

    Trader Joe,

    Real Estate is a long term investment. It doesn’t matter what happens by the end of 2008; therefore, your bet is meaningless.

  8. RealEstater Says:

    >>They are both economists and hard-nosed about making decisions like this without getting emotional, and their verdict was a house is just a place to live

    This is why most ecnomists are wrong about the recession. A house is not just a place to live, it is also the biggest investment most people make in their lives.

    >>so that even after taking some pretty swank vacations they have saved a ton of money in the last five years.

    Saving money will never help these “economists” reach their financial goals. If they had bought 5 years ago, their home equity will far exceed whatever savings they have gained.

  9. rick Says:

    So now an RE guy disguised as a high tech guy is trippling as an investment expert that looks down on economists.

    Hm. Warren Buffet you are next if you dare to doubt the RBA.

  10. Brendan Says:

    Must be nice to have a budget of 1 million.

  11. Brendan Says:

    Also one other thing. If you keep getting outbid at the top of your budget then try shopping somewhere else in the high 800s low 900s. That seems like the next logical step. There are plenty of decent 3/2s with decent schools in that price range in San HO.

    If you keep doing the same thing over and over and it doesn’t work doesn’t it make sense to change the parameters? i.e. Try something else.

  12. Pralay Says:

    Hm. Warren Buffet you are next if you dare to doubt the RBA.
    —————–

    That Warren Buffett who is shovelling snow and reading Cinderella in Nebraska?

    The only people who can provide accurate investment advise are Realtors, although their actual job description has nothing to do with investment. :)

  13. Renter4 Says:

    Saving money will never help these “economists” reach their financial goals. If they had bought 5 years ago, their home equity will far exceed whatever savings they have gained.

    Dude. What ARE their financial goals? Do you have some special knowledge here that the rest of us don’t?

    If they had bought 5 years ago, their home equity will far exceed whatever savings they have gained.

    And what, precisely, would the “economists” (presumably, if they’d bought, they would’ve been plain old economists without the extra punctuation) have done with the equity? Value is from selling.

    Would they have sold the house for gains & rented? Wouldn’t that have brought their quotation marks on again?

    It is exceedingly hard to trade up houses in this climate, incidentally.

  14. Bad Advice Says:

    Yeah, those $300 checks are really going to help stem the tide of those gas prices.

    But, if as you say, everyone makes over 100k in the Bay Area, then none of us have those checks right?

    You’re an idiot on so many levels.

  15. Bad Advice Says:

    Oh, as for RenterBob, you found a grand total of 3 houses in 6 months. If you’re looking for the crown jewels of bargains, don’t be surprised if other people are thinking the same way.

    So essentially you want the perfect house for under a million and you’re sad that people bid on those gems. See the connection???

  16. RealEstater Says:

    >>Yeah, those $300 checks are really going to help stem the tide of those gas prices.

    Have your facts straight:

    Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17.

    >>But, if as you say, everyone makes over 100k in the Bay Area, then none of us have those checks right?

    The check is given for up to $150K income.

  17. RealEstater Says:

    >>And what, precisely, would the “economists” have done with the equity?

    Renter4,

    What would you do with your 401K money? Is it not real money?

  18. San Mateo Home Sellers in Trouble Says:

    I think RenterBob should just wait a bit and rent in a good school district. Renters can go to the same schools and then when they buy a house in a neighboring town their kid can still continue to go to the “good” school. That’s what my parents did and they saved a buttload by renting in the good school district and buying a couple miles away at a 20% discount.

  19. Renter4 Says:

    RE… what? A 401k is money. If it had to be made liquid it could be done, although obviously I’d pay a penalty. Furthermore, if it lost value or vanished entirely, I could save it up again if I had to, and could manage my living conditions any way I wanted in the meantime.

    The value of a house is wholly dependent on the market, and it is possible to have a market in which the house does not sell at all. If you sell a house for profit in this market, you may not be able to get another house. And, lastly, you are in debt for your house.

    I don’t borrow to put money in my 401k. If I lose my 401k, I don’t lose a place to live. If I lose my 401k, it doesn’t affect my credit rating.

    Yes, they’re both assets… is that what you’re trying to get at? One, in this climate, is much more liquid & rational than the other.

  20. Pralay Says:

    Renter4,

    What would you do with your 401K money? Is it not real money?
    ———–

    I never realized that 401K has as much liability as mortgage.
    I think I need to get ready for my 401K-foreclosure. :(

  21. Renter4 Says:

    The check is given for up to $150K income.

    You got me all excited so I went back & double-checked. No. 150k limit is still per couple. If you make 100k (50% of all RBA residents, natch) & are married to a techie Asian wife who makes 100k (demographic proportion uncertain), you are outta luck. No gas money.

  22. Renter4 Says:

    Pralay, I’m so upset, I’m behind on contributions to my 401k and I may soon be homeless…. oh, wait. Never mind.

  23. Pralay Says:

    BTW, am I the only unfortunate guy here who is not going to get stimulus check? Hence, I have to remain “Priced Out Forever”? :(

  24. Pralay Says:

    Pralay, I’m so upset, I’m behind on contributions to my 401k and I may soon be homeless…. oh, wait. Never mind.
    ———-

    I also started getting default notices because I am not paying max 401 contribution limit (15%) from my paystubs. I am doomed!

  25. Renter4 Says:

    Me either. Sigh. I was actually thinking we might give the money to our good RBA school district, who just sent out another letter alerting us to CA education budget cuts.

  26. Pralay Says:

    I was actually thinking we might give the money to our good RBA school district, who just sent out another letter alerting us to CA education budget cuts.
    ———-

    I guess you came across this news.

  27. mrbogue Says:

    i feel for renterBoB. I’m in a similar situation but without a gasp! $1 million budget. the problem with me is that i can’t even find a good 3/2 with a BAD school district and decent neighborhood. yeah, i got some cash for a good DP (well atleast I thought was a good DP, %30+ of list price), but DP’s don’t seem to be worth shit anymore since people *still* can get ninja loans pretty easily and outbid me faster than i’d last with Rose McGowan on Viagra. i think i’ll have to settle for possibly a worse or bankrupt city up north, sit on a lawnchair drinking a forty with my white tanktop on, ready to beat the wife at a moment’s notice.

  28. RealEstater Says:

    Renter4,

    Are you trolling, or uable to see the analogy?

    Your original point was that house equity is not usable until you sell. It’s the same thing with a 401K plan. The money sits in an account, and is not usable until you cash it out.

    Generally, you wouldn’t cash out your 401K before retirement. Therefore, that money is not typically accessed, just like your home equity. Nevertheless, these are both real money. It’s there if you want to use it.

  29. RealEstater Says:

    Not sure what the issue is regarding the point about the stimulus check…if you’re not getting the check, then you don’t need the stimulus.

  30. madhaus Says:

    There are properties in Cupertino school district for a million, and some are even houses. RenterBob hasn’t told us what an acceptable school district is. If he’s holding out for Palo Alto then he’s in for a big disappointment.

    Too bad we make too much to get that rebate check. Then we could afford another house in this district and rent it to RenterBob, who would better off renting, and buying two years from now.

  31. Crossroads Says:

    That house is listed at $9xx, but you know it’s going to sell for $1.4. Why do you tease like that?

  32. madhaus Says:

    Trader Joe, the entire county, every single zip code, could go down in the Dataquick stats and RE would never pay up on that bet. Want to know why? Because RE will never, ever, ever define what the RBA is.

    Remember this map I made? Well next month the RBA’s going to be smaller.

    But here’s a clue. If the prices are going down, it isn’t RBA. Here’s a list of the zips that went up from last year, per DataQuick:

    Cupertino 95014 35 -57.8% $1,047,500 22.1%
    Los Altos 94024 12 -62.5% $2,000,000 27.8%
    Los Gatos 95030 15 -40.0% $1,820,000 14.1%
    Los Gatos 95032 16 -42.9% $1,125,000 26.1%
    Los Gatos 95033 1 -85.7% $740,000 2.1%
    Mountain View 94040 19 -24.0% $1,171,500 95.0%
    Mountain View 94041 9 -18.2% $1,034,000 44.6%
    Mountain View 94043 28 -6.7% $727,000 6.1%
    so sorry, PALO ALTO is down
    San Jose 95117 10 -58.3% $762,000 2.3%
    San Jose 95125 32 -67.0% $832,500 6.9%
    San Jose 95130 5 -61.5% $780,000 4.0%
    San Jose 95133 18 -40.0% $526,250 7.9%
    San Jose 95134 6 -25.0% $612,500 0.8%
    San Jose 95135 8 -75.0% $865,000 24.5%
    San Martin 95046 2 -71.4% $1,330,000 26.7%
    Sunnyvale 94087 49 19.5% $988,500 16.0%
    Sunnyvale 94089 19 -47.2% $746,000 8.6%

    EVERY ONE of those zips has double-digit drops in sales volume, with two exceptions. Sunnyvale 94087 actually went up, and Mountain View 94043 only went down 6.7%. So with volume dropping faster than PeeWee Herman’s pants, how valid do you think these numbers are, anyway?

    burbed, how come my Case-Schiller post from yesterday never displayed? The blog said I’d already posted it when I tried again, but I don’t see it anywhere.

  33. RealEstater Says:

    Madhaus,

    Checking back on our conversation a few weeks ago (when the market was supposedly starting to go down), where is the $900K house in this district? Have you found a bargain yet?

    Looks like you’re pretty content with a 1300 sq. ft. house near two major freeways for $1M.

  34. RealEstater Says:

    >>burbed, how come my Case-Schiller post from yesterday never displayed?

    Did you get the math right?

  35. RealEstater Says:

    Madhaus,

    Are you selling that house? Why do you show it again and again? Or are you having trouble finding another one for under $1M?

  36. madhaus Says:

    RE

    You need to define a few terms better. I gave you a $600K house. I gave you a $725K house. Every time I gave you a house, you complained and changed your terms.

    That’s why few on the site respect you. But I guess you enjoy negative attention. You must be a perpetual youngest child.

    The house I just linked to is just under a mill, and is in CUSD and is NOT Nimitz.

    Define “near 2 freeways.” Are you talking 10 feet or two miles? How near is too near for a house to be a junk house?

    Define “Real Bay Area.”

    Define “tech guy.” Your understanding of math makes me think you aren’t one.

  37. madhaus Says:

    RE, I only linked to the house twice. Remember what I said about math not being your strong suit?

  38. RealEstater Says:

    Madhaus,

    You’re being unreasonable now, trolling all over the place with some irrelevant $600K house, and losing your cool. I’ll give you some time to regain your composure before responding to you.

  39. burbed Says:

    Can you post the URL to the graphic? Or email it to me?

  40. Pralay Says:

    That’s why few on the site respect you. But I guess you enjoy negative attention. You must be a perpetual youngest child.
    ————–

    Negative attention? I thought that happens only in Reality Shows (for example, this one).

  41. rick Says:

    Pralay,

    Maybe you should start a negative respect poll between you and him. I think we all know the result, it is pretty funny that somehow someone can be soooo delusional.

  42. Pralay Says:

    I understand negative attention. I understand no respect. But what is negative respect?

  43. Renter4 Says:

    Your original point was that house equity is not usable until you sell. It’s the same thing with a 401K plan. The money sits in an account, and is not usable until you cash it out.

    And like I pointed out above, the two things are qualitatively different. Acquiring one is far more difficult than acquiring the other. The loss of one is associated w/ far greater hardship than loss of the other. And if they have to be liquidated, the cash value of one is much harder to access than the other, and if a delay is incurred, the delay is associated w/ more distress.

    And the more specific point about the equity is, that in this market, you can get cash for your house, but it can be very hard to upgrade to a better house. If you’re not prepared to take that risk (i.e. the risk of taking your profit, & going off & renting), then the equity is not the same as money in the bank.

  44. Chubby Says:

    http://www.trulia.com/property/1050048040-15800-Shannon-Rd-Los-Gatos-CA-95032

    At 1 million, but been on sale for over 80 days, so you might be able to get a decent cut off the price. Yes, it’s a bit ugly, and needs updating, but it’s:

    1. 2200 sq ft.
    2. big lot
    3. Los Gatos Schools

    Yes, you can argue it’s on the outskirts of the RBA, but it’s only about 5 minutes from downtown Los Gatos.

  45. DreamT Says:

    How about http://www.trulia.com/property/1058774138-3067-Harding-Ave-Santa-Clara-CA-95051
    3/2 in CUSD for < $800k
    There are a few other similar ones.

  46. Renter4 Says:

    RenterBob, does it have to be Peninsula? How is Albany?

  47. burbed Says:

    Uh, how would he get to work?

  48. Real Estater Says:

    madhaus,

    >>If he’s holding out for Palo Alto then he’s in for a big disappointment.

    Aren’t you contradicting yourself? Here’s a guy with a million dollar budget. You’re telling him he has no hope of getting into Palo Alto. In other words, price will never drop to the level of a few years ago. On the other hand, you keep saying every zip code will go down the toilet. Which way is it?

  49. Renter4 Says:

    Dude, he doesn’t say where he works! Could be Oakland for all we know.

  50. Real Estater Says:

    Renter4,

    Do you know any startups in Oakland?

  51. mrbogue Says:

    he’s not in oakland. if he was in oakland then he’s probably talking about piedmont. last I checked there were several nice 3/2 at sub-$1M prices.

  52. rick Says:

    Well if you understand negative attention you must understand negative respect. :)

  53. Pralay Says:

    Unfortunately I don’t. Google gave me only one result and that is also poetic (hence beyond my comprehension).
    :(

  54. mrbogue Says:

    real estater: no, but there are quite a few successful startups in neighboring Emeryville.

  55. Renter4 Says:

    RealEstater: briefly, yes.

  56. Kevin Says:

    RealEstater:

    * How often do the checks from the NAR arrive?
    * Do you sleep well at night after all the shilling?

  57. SiO2 Says:

    To answer the OP – check out Cambrian. Union school district is ok. Noddin Elementary was just named a California Distinguished school. It’s not PA, not Monte Vista High, but Leigh High is comparable to Cupertino High. Commute is OK to north san jose, but it is bad to Palo Alto or Mtn View.

    A 1500 ft 3/2 will be about $650k to $750k depending on specific location, remodeled, etc. There are some 1800 4/2s, maybe $750k to $850k.

  58. RealEstater Says:

    The house Madhaus recommended 3 days ago for around $1M is gone already. Check it for yourself:

    http://www.redfin.com/CA/SUNNYVALE/1610-KAMSACK-DR-94087/home/771709

    As I’ve been saying all along, the RBA market is extremely healthy. I hope renter Bob got it.

  59. RenterBob Says:

    I want to thank everyone for your feedbacks. I’ve been busy with my job. I was planning to visit that property in post #58 this week, but it’s gone before I could act. Anything that’s good will go quickly. There’s less than a handful of good properties for under a million, and everybody is targeting those. I’m seriously considering raising my price range to 1.1 million.

    I work in Mountain View, and I prefer to stay in the same city, but I am also looking at South Palo Alto, Menlo Park (Willows mostly), Sunnyvale CUSD, Cupertino Monta Vista, San Carlos, Foster City, sort of in that order. That’s a wide area; you would think there’d be something for me, right? Sorry, no Cambrian or Los Gatos for me. I can’t handle the commute. Santa Clara is out too…not worth spending a million dollars there, IMHO.

    Still see the same fighting here. Real Estator is giving some good info. I don’t get what the fuss is about.

  60. DreamT Says:

    RenterBob –
    Not taking it personally in any way, but could you expand why you don’t consider south Santa Clara CUSD worth it? It does seem to meet your requirements – 3/2 < $1M with good schools and no long commute, also has lower crime rate than some parts of MV. So… what is the extra something that you are also asking for? :)

  61. Real Estater Says:

    RenterBob,

    Welcome back. You may want to consider this one:

    http://www.movoto.com/real-estate/homes-for-sale/CA/Palo-Alto/371-Loma-Verde-Ave-100_804770.htm

    I know it doesn’t fit your 3/2 requirement, but you can always expand later. Be prepared to pay above list, however.

  62. RealEstater Says:

    >>Not taking it personally in any way, but could you expand why you don’t consider south Santa Clara CUSD worth it?

    Maybe because he knows what he’s doing?

    The area you’re talking about only gets Cupertino high school. The elementary school is still Santa Clara school district. Also, the high school is Cupertino High, which has API score that is 100 points below Monta Vista. How is his kid going to make it to Stanford?

  63. DreamT Says:

    RE – south Santa Clara goes to Eisenhower Elementary (Maywood Park) then Hyde middle. Both are CUSD not SCSD. I don’t know where you got your facts but they are wrong (and the sarcasm is uncalled for).

  64. RealEstater Says:

    DreamT,

    “Real” Cupertino schools have API scores over 900. Does Eisenhower have that? In any case, you are correct. I was thrown off by the school’s Santa Clara address, and I apologize for my mistake.

  65. RealEstater Says:

    DreamT,

    Do you live in that area? You seem to know the neighborhood well. I think the commute to MV is less than ideal. You gotta go 280-85-101. A lot of gas each day.

  66. DreamT Says:

    RE – yes I live in the area. RentalBob was looking for “a good school district” and I provided a suitable location. Your 900 is arbitrary and only engages yourself(http://www.cupertinoschoolscores.com/ for recent API scores). The commute to MV is shorter than from Foster City or San Carlos, all but 10 miles of freeway (about 5 exits). The neighborhood, as madhaus puts it so well, has the “wrong zip code” so it is overlooked. But it fits RentalBob’s requirements, unless he is looking for that unspecified something extra (nice architectures? trees galore? CxOs at every turn?) Besides if RentalBob is looking to save even more on gas, he will have to chip in a couple hundred thousands more.

  67. Herve Says:

    We had the “Real Bay Area” and now we have “Real Cupertino Schools”? Can anyone make a map? ;-)

    Kidding aside, my guess is that the school district is not that important for RenterBob since he would like to stay in Mountain View where he currently works. I added “currently” since most likely he will work in another city in a few years. Maybe Santa Clara :-)

  68. Crossroads Says:

    What’s #66 about?

  69. madhaus Says:

    Oh this is rich. Real Cupertino Schools. My snarky prediction of the RBA being just one block in Palo Alto is moving closer to the truth.

    RenterBob, are you really only looking in CUSD Monte Vista? That is the most expensive part of CUSD. The ranking of the 5 CUSD-area high schools are Monte Vista, Lynbrook, Homestead, Cupertino, Fremont.

    Also, the house I mentioned a few days ago is not sold. The listing was removed, which is not the same thing. If it had sold the status would have changed from “Active” to “Pending.” I know some parts of the market have quick action, but nothing goes from Active to Sold in 3 days.

  70. Jim D Says:

    Renter Bob should buy a 600k house in Blossom Valley (easily as nice as area as most of Cupertino, except for the schools), and then, since he wants a good school, he can take the $400k left over, and buy a 1% stake in one.

    As an investor, his kids’ll go for free.

    Ta da! Problem solved.

  71. RealEstater Says:

    >>Renter Bob should buy a 600k house in Blossom Valley (easily as nice as area as most of Cupertino, except for the schools), and then, since he wants a good school, he can take the $400k left over, and buy a 1% stake in one.

    You forgot one little thing. How is he going to get to work?

  72. Maria B Says:

    I don’t think that RenterBob is looking hard enough. There’s a house down the street from me in Menlo Park (Suburban Park neighborhood) on a side street called Sheridan in the 850-range. Keep in mind it’s a TINY 3/2, but it’s adorable and has been on the market for almost a month. I can’t believe it hasn’t sold yet; it’d be a great starter house for someone trying to get into Menlo (and yes, we have great schools!).

  73. Maria B Says:

    PS –
    RenterBob, there’s also at least 2-3 other houses in the Willows area of MP for sale (I’ve seen the signs) plus two with “reduced sale” flags on Marsh Road (which is a busy street and not the best location, but the tradeoff is getting into MP schools). I’ve also seen 3-4 “for sale” signs on Middle Ave., but that’s West Menlo (and may be out of your price range….).

  74. SiO2 Says:

    How many kids? If you have one, it may be cheaper to send him/her to private school. Work out the math. It does depend on what you assume for future price appreciation. (I know that concept is anathema on many housing blogs.) But with two, private is probably too expensive.
    You can get MV school district for a lot less than LA, but they share the same high schools. So private school til 9th grade, then Los Altos-MV High district. And private elem is cheaper than private high.
    Or get a motorcycle, or a Prius, for the 85 commute and move farther south! Think of the gas savings, in addition to the carpool lane benefits!

  75. DreamT Says:

    SiO2, not meaning to dampen the analysis in your post, but didn’t they claim about a year back that too many hybrids had carpool benefits, so new Prius cars would not be eligible any longer?

  76. SiO2 Says:

    Density Duck,
    you are right, the carpool lane for hybrids goes away in 2 years. New prius are not eligible, you have to track down a used one with a sticker. The premium for the sticker is a few $k. Still cheaper than an MV house!
    But in 2 years it’s gone, so have to go to a motorcycle. well in any event probably not that helpful to the OP!

  77. DreamT Says:

    SiO2, appreciate both of your replies, but you know Density Duck and I are two different people. :)

  78. RealEstater Says:

    >>Maria B,

    Unless you’re talking about right next to 101 or East Menlo, there isn’t anything in Menlo Park for under $1M.

  79. Target-Addict Says:

    Yes, RealEstater: the area I’m talking about is near 101, in the Suburban Park area (by Flood Park on Bay Road). And there’s at least 3 homes in this area currently on the market for under a mil:
    303 Sheridan ($745K)
    189 Buckthorn ($880K)
    703 Bay Road ($940)

  80. RealEstater Says:

    Target-Addict,

    Are you kidding me? The houses you’re talking about are not in the Real Bay Area. They are right next to the freeway, and essentially East Menlo Park. Besides, these are all junk homes, like those in Redwood City. Lots of airplanes fly by on the way to SFO too.


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