My guess is that the first one was a foreclosure, then the second one was the sale. That sounds like a much fairer price. I guess RE will mention about how it sold over the new asking price, saying that shows how well the market is doing.

And now offered for 799,900. Funny, seems to have lost a bedroom…has the garage been reclaimed?

http://www.redfin.com/CA/San-Mateo/2181-BUNKER-HILL-Dr-94402/home/1340442

The house featured here didn’t look as bad as the picture from the outside, I guess it is not photogenic, the big truck in front likely doesn’t help. I have to say for someone motivated to sell it they don’t really clean up or fix their pictures in any way. Either way, it seems that the realtor really showed this house in a bad light. Also it doesn’t fit the neighborhood, the rest of the houses are contemporary, and for the most part true to their origins.

BTW. The kitchen really does scream 1989 to me. I always see those cabinets in places built in the late 1980s.

My guess is that a good price to sell it at today would be $850,000, from the price history the sellers do seem to be the kind that will be the victims of “death by a thousand cuts”, they will likely eventually reduce it to $850,000 at which point the market price might have gone down to $800,000 or $750,000. I’m guessing the realtor works on volume, and probably doesn’t really care about this listing, since it has a seemingly small chance of getting an offer right now.

I guess I wasn’t being obvious enough to convey the appropriate sarcasm in my post. BOTH points were equally exaggerated.

I’m not sure what economic principles would back your assertion that affordable housing is not good for the economy… Maybe it’s all in the definitions? (Can you define “is?”)

Move to Texas

Still no response? Having trouble finding an internet connection at the shelter?

First of all, it’s the market that determines prices not presidential candidates. Secondly, politicians would only be motivated to improve the economy, which can only be helped by a strong housing market rather than a weak or affordable one. Finally, as we discussed before there is no affodability problem in majority of the country including large parts of the BA. You can buy a house in Sunnyvale for less than $500K today. A median income person has plenty of choices that are within close proximity to jobs.