Comments on: Affordable housing in San Jose near Santana Row http://www.burbed.com/2008/08/14/affordable-housing-in-san-jose-near-santana-row/ San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog Thu, 09 Feb 2012 01:07:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Recent Links Tagged With "sanjose" - JabberTags http://www.burbed.com/2008/08/14/affordable-housing-in-san-jose-near-santana-row/#comment-13823 Recent Links Tagged With "sanjose" - JabberTags Mon, 22 Dec 2008 20:20:06 +0000 http://www.burbed.com/?p=2186#comment-13823 [...] public links >> sanjose Affordable housing in San Jose near Santana Row Saved by helgaust on Sun 07-12-2008 Lee Siegal, 1st Keynote at SES San Jose 08 Saved by [...] [...] public links >> sanjose Affordable housing in San Jose near Santana Row Saved by helgaust on Sun 07-12-2008 Lee Siegal, 1st Keynote at SES San Jose 08 Saved by [...]

]]> By: nomadic http://www.burbed.com/2008/08/14/affordable-housing-in-san-jose-near-santana-row/#comment-13822 nomadic Fri, 15 Aug 2008 05:15:56 +0000 http://www.burbed.com/?p=2186#comment-13822 boo hooo! I'm gonna write my congressman. Free houses for all! boo hooo! I’m gonna write my congressman. Free houses for all!

]]> By: madhaus http://www.burbed.com/2008/08/14/affordable-housing-in-san-jose-near-santana-row/#comment-13821 madhaus Fri, 15 Aug 2008 00:21:04 +0000 http://www.burbed.com/?p=2186#comment-13821 The secured property tax site is back up, and taxes on this house appear to be current, but 2nd payment was never made in 2006-07. Oddly, they are not listed as delinquent, either. Well, I just checked my house, and it doesn't list my second payment for 2006-07 either. Which is really bizarre, because I always pay my property taxes in full (both payments) to get the tax deduction all in one. Whatever glitch stopped it from working earlier still isn't completely fixed. I guess you aren't running off with my house after all, <b>nomadic</b>. For people who hate Prop 13, my taxes are about the same as this house's. That's just cruel. The secured property tax site is back up, and taxes on this house appear to be current, but 2nd payment was never made in 2006-07. Oddly, they are not listed as delinquent, either.

Well, I just checked my house, and it doesn’t list my second payment for 2006-07 either. Which is really bizarre, because I always pay my property taxes in full (both payments) to get the tax deduction all in one. Whatever glitch stopped it from working earlier still isn’t completely fixed.

I guess you aren’t running off with my house after all, nomadic.

For people who hate Prop 13, my taxes are about the same as this house’s. That’s just cruel.

]]> By: rick http://www.burbed.com/2008/08/14/affordable-housing-in-san-jose-near-santana-row/#comment-13820 rick Fri, 15 Aug 2008 00:20:34 +0000 http://www.burbed.com/?p=2186#comment-13820 Madhaus, You just wait for our great politicians to make it happen. (Sometimes I feel we are the communist.) Madhaus,
You just wait for our great politicians to make it happen. (Sometimes I feel we are the communist.)

]]> By: madhaus http://www.burbed.com/2008/08/14/affordable-housing-in-san-jose-near-santana-row/#comment-13819 madhaus Fri, 15 Aug 2008 00:14:44 +0000 http://www.burbed.com/?p=2186#comment-13819 <b>rick</b>, if you want to set up Rick's Mortgages Americaines, offering 120% financing, be my guest. Bear in mind all those Pay Option ARMs recast at either 115% or 125% LTV, there were some deals that even IndyMac didn't want to make. <b>nomadic</b>, when you buy my house for the $0 in back taxes I owe, be sure to prevent <b>RE</b> from running off with the Mexi-Strat. He seems to have designs on it. rick, if you want to set up Rick’s Mortgages Americaines, offering 120% financing, be my guest. Bear in mind all those Pay Option ARMs recast at either 115% or 125% LTV, there were some deals that even IndyMac didn’t want to make.

nomadic, when you buy my house for the $0 in back taxes I owe, be sure to prevent RE from running off with the Mexi-Strat. He seems to have designs on it.

]]> By: rick http://www.burbed.com/2008/08/14/affordable-housing-in-san-jose-near-santana-row/#comment-13818 rick Thu, 14 Aug 2008 23:44:01 +0000 http://www.burbed.com/?p=2186#comment-13818 Hey Madhaus, what do you have against people owning their own home, having The American Dream? Frankly they should have 120% financing, they need furniture and appliances, also think about the agony and uneasy feeling of moving into another house. Hey Madhaus, what do you have against people owning their own home, having The American Dream? Frankly they should have 120% financing, they need furniture and appliances, also think about the agony and uneasy feeling of moving into another house.

]]> By: nomadic http://www.burbed.com/2008/08/14/affordable-housing-in-san-jose-near-santana-row/#comment-13817 nomadic Thu, 14 Aug 2008 22:28:52 +0000 http://www.burbed.com/?p=2186#comment-13817 ;-) Hey <b>madhaus</b>, when's Sunnyvale auctioning off your house? I'll buy it for taxes due and let you stay too! (Amazing work, digging up that stuff!) ;-) Hey madhaus, when’s Sunnyvale auctioning off your house? I’ll buy it for taxes due and let you stay too!

(Amazing work, digging up that stuff!)

]]> By: madhaus http://www.burbed.com/2008/08/14/affordable-housing-in-san-jose-near-santana-row/#comment-13816 madhaus Thu, 14 Aug 2008 21:59:00 +0000 http://www.burbed.com/?p=2186#comment-13816 It has a front porch, what more do you need? You can hang out all day and watch your equity move. I won't say in which direction I see it moving, either. But for grins, let's see why this house is on the market. <b>Listing Price History Date Price </b> Jul 06, 2008 $320,000 Jul 14, 2008 $294,000 Aug 07, 2008 $289,000 <b>Sales History Date Price Appreciation </b> Jul 03, 2003 $300,000 -- Aug 02, 2005 $169,000 -24.1%/yr My, my. This is a house that peaked in 2003. It lives in some sort of pre-cognitive bubble. This is a first. PropertyShark has a new field for this house. "Year Built" is 1928, "Effective Year Built" is 1940. Effective Year Built? Yeah, pre-cognition again. Also construction quality is 4.0. Most homes I've looked up there are rated 6.0 so that can't be good. Also that price in 2005 looks like an intra-family "sale" so it's not market. Despite the "sale" at $169K, there's a mortgage for $337K (variable) on the property. How the hell did the bank approve that? Or did a family member buy a half share of the house? The previous sale (which also seems to have to family swapping) had a $240K first (variable) and a $60K second (fixed), this is on a $300K sale. Yup, 100% financing. Do you really have to ask why the whole house of cards is crashing down? There was also a sale in 2001, with a $218K variable first with a $54K fixed second, with no sale price given. I will guess this sale price was $272K. The property has also had a bunch of "release liens" on it from City of San Jose Finance. I think that means somebody wasn't paying his utility bills. Can't find if the taxes are paid, but it's assessed for $324K. The secure property tax database isn't working now, so I can't check there. (It says nobody every paid any taxes on any property ever, including me.) It has a front porch, what more do you need? You can hang out all day and watch your equity move. I won’t say in which direction I see it moving, either.

But for grins, let’s see why this house is on the market.

Listing Price History
Date Price
Jul 06, 2008 $320,000
Jul 14, 2008 $294,000
Aug 07, 2008 $289,000

Sales History
Date Price Appreciation
Jul 03, 2003 $300,000 –
Aug 02, 2005 $169,000 -24.1%/yr

My, my. This is a house that peaked in 2003. It lives in some sort of pre-cognitive bubble.

This is a first. PropertyShark has a new field for this house. “Year Built” is 1928, “Effective Year Built” is 1940. Effective Year Built? Yeah, pre-cognition again. Also construction quality is 4.0. Most homes I’ve looked up there are rated 6.0 so that can’t be good.

Also that price in 2005 looks like an intra-family “sale” so it’s not market. Despite the “sale” at $169K, there’s a mortgage for $337K (variable) on the property. How the hell did the bank approve that? Or did a family member buy a half share of the house?

The previous sale (which also seems to have to family swapping) had a $240K first (variable) and a $60K second (fixed), this is on a $300K sale. Yup, 100% financing. Do you really have to ask why the whole house of cards is crashing down?

There was also a sale in 2001, with a $218K variable first with a $54K fixed second, with no sale price given. I will guess this sale price was $272K.

The property has also had a bunch of “release liens” on it from City of San Jose Finance. I think that means somebody wasn’t paying his utility bills. Can’t find if the taxes are paid, but it’s assessed for $324K. The secure property tax database isn’t working now, so I can’t check there. (It says nobody every paid any taxes on any property ever, including me.)

]]> By: rick http://www.burbed.com/2008/08/14/affordable-housing-in-san-jose-near-santana-row/#comment-13815 rick Thu, 14 Aug 2008 21:16:48 +0000 http://www.burbed.com/?p=2186#comment-13815 I really like the symmetrical look of the windows (two big and two small?) and even the poles, yet the artistically differ size of the windows (left side big one is smaller than right side, and left side small one is bigger than right side). Also is it a sink on the far right? It makes a great taco stand and you can cook for all your bros outside and have a great party. I really like the symmetrical look of the windows (two big and two small?) and even the poles, yet the artistically differ size of the windows (left side big one is smaller than right side, and left side small one is bigger than right side). Also is it a sink on the far right? It makes a great taco stand and you can cook for all your bros outside and have a great party.

]]> By: burbed http://www.burbed.com/2008/08/14/affordable-housing-in-san-jose-near-santana-row/#comment-13814 burbed Thu, 14 Aug 2008 20:45:06 +0000 http://www.burbed.com/?p=2186#comment-13814 The worst part about that neighborhood is Habana Cuba. Don't get me wrong - the food is good. But talk about overpriced. The worst part about that neighborhood is Habana Cuba.

Don’t get me wrong – the food is good. But talk about overpriced.

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