So yesterday, we saw what $695,000 buys you in the world famous Cupertino – with its best of Bay Area schools:
Remember! Free fridge! Remove it before you knock the house down!
As is tradition, let’s take a look at what roughly the same amount of money will buy you in another equivalent school district:
TENAFLY, NJ 07670
($3,806 per month | Personalize this estimate | Check local mortgage rates)
4 Bed, 3 Bath |
MLS ID #2830900
96 days on this site
Property Information Save Listing
Move right in this spacious 4 Bdrm./2 full Bath home on a desirable street & enjoy the best schools in the state. Renovated EIKit & Baths 2-car garage w/ paver driveway. Central A/C Finished basement complete w/ full bath & galley Kit. with access to private back yard. Excellent for extended family or professional office. Seller will hold Mtge. for Qualified Buyer.
* Single Family Property
* Status: Active
* Area: TENAFLY
* 4 total bedroom(s)
* 3 total bath(s)
* 3 total full bath(s)
* Style: Colonial
* 2 car garage
* Heating features: Gas, Hot air
* Central air conditioning
* Exterior construction: Clapboard
Now, let’s face it – you could get a 4/3 for the price of a 0/0 here but be honest – just look at the economy. NY City is shedding millions of jobs. In fact, they expect the NYC metro area to lose 20 million jobs because of the Wall St fiasco – the same Wall St fiasco that destroyed the housing market in California by tricking us using their NY fast talking skills into taking bad mortgages.
On the other hand, Silicon Valley is completely immune from this down turn. Heck, while I was writing this, 22 new social networking virtualization mobile companies popped up.
So there you go – big house in nation’s best school district with job uncertainty, or a house that has to be torn down in the Bay Area’s best school district with guaranteed jobs?
It’s an easy choice if you ask me.