March 2, 2009

House with 4 car tandem parking in Belmont

820 El Camino Real, Belmont, CA 94002 Belmont Country Club MLS# 80848600 – Property Details
820 El Camino Real, Belmont, CA

$699,000

816843869_820a

* Status: Active
* Bedroom: 5
* Bathroom: 3
* Year Built: 1909
* Lot Size: N/A
* Square Footage: 1800
* List Date: 12/7/2008
* Garage Spaces: 3
* MLS#: 80848600

*
PRECED TO SELL – CHARMING FIVE BEDROOM, THREE BATH HOME IN BELMONT, OFF STREET PARKING IN FOUR CAR TANDEM PARKING GARAGE OR LOTS OF STORAGE. CLOSE TO TRANSPORATION AND SHOPPING BRING ALL OFFERS ! ! Vacant and ready to show!

Close to transporation (sic) and shopping indeed! And just think about how awesome it will be to juggle your cars in that 4 tandem parking garage (as opposed to… living garage?) since you’ll be living on the world famous El Camino Real.

Wowsers! What a deal! Easy access to everything! It’s like living on Market St in San Francisco, or Champs-Élysées in Paris. The minute you tell your co-workers “I live on El Camino”, they’ll know what you’re talking about.

And let’s not forget, unlike so many houses which are priced not to sell, this house is priced to sell. Go get it today!

Comments (153) -- Posted by: burbed @ 5:37 am

153 Responses to “House with 4 car tandem parking in Belmont”

  1. Real Estater Says:

    Dow in panic selling mode right now. At least partly this is due to the effects of program trading. It’s a good time to pick up more S&P 500 index funds.

  2. nomadic Says:

    Look at the satellite view up close. The house (business?) next door has TWELVE cars parked in front. I bet you could rent garage space…

    Never mind. It’s a used car lot.

  3. MV_Bound Says:

    Go for it, RE. It’s a good time to close out my put positions, or let it ride!!!

  4. UnrealAlex Says:

    What a great place for you and your friends to live, if you are cars! Your human servants can climb up those stairs like the servile monkeys they are, and sleep in that little cubby above, ready to answer your slightest whim in a moment. If you are a car, this is for you – it surpasses even most American residences for YOUR needs!

  5. sonarrat Says:

    Cripes, this thing is still on the market? I’ve been watching it rot on the market, on and off, for a year.

  6. steve Says:

    burbed, you’ve done it again! movato and mlslistings.com no longer have 80848600. I’m guessing pulled, but if it sold I hope you are getting crazy commissions.

  7. Real Estater Says:

    MV_Bound,

    I entered the market when Dow was at 7500. My next shopping stop is Dow 6500. I’ll keep buying until all the bullets in my 401K account are used up.

  8. nomadic Says:

    Steve – maybe it was pulled in shame. The listing was still on movoto this morning when I posted at 9am. The pictures weren’t much to look at. ;-)

  9. madhaus Says:

    Tandem parking in BELMONT? I thought Tandem was located in Cupertino. Gosh, shows what I know about RBA Geography.

  10. steve Says:

    nomadic, I saw the pictures on realtor.com, and agreed

  11. Real Alex Says:

    > I entered the market when Dow was at 7500. My next
    > shopping stop is Dow 6500. I’ll keep buying until all
    > the bullets in my 401K account are used up.
    LOL. Yeh, right, keep buying genius. Because of you and your smart investments this economy has not collapsed completely yet.

  12. mtv-renter Says:

    #11, please don’t discourage people from buying S&P500. There have to be buyers for those who are selling (and shorting!)

  13. zanon Says:

    MTV-RENTER: Exactly! For every buyer, there must be a seller. If people are selling, it means people *must* be buying! And surely, there are people selling today.

  14. madhaus Says:

    #12 & #13: right. It’s just like why goyim were invented. Somebody has to pay retail.

    Sorry, old Leo Rostin joke.

  15. nomadic Says:

    #14 – ROTFL!

  16. Herve Says:

    It’s not just any Belmont, it’s “Belmont Country Club”. No wonder it sold so fast.

    Ouch, the Dow sure took a beating today. It’s definitely ready for take-off now, no? Or are we still waiting for the catapult?

  17. mtv-renter Says:

    RE #16,

    I’m betting my money on Dow falling for quite a while. The deleveraging forces in the economy are very powerful and very deflationary. It’s extremely hard to predict what will happen more than a few weeks out, since we have so much uncertainty due to government meddling, inflationary forces, deflationary forces, and other world economies affecting the market. I think both Dow and S&P 500 are still overpriced. Frankly, I’m expecting Dow to be in the 5000′s by the end of the year if there is no government money printing during that time.

  18. nomadic Says:

    The personal computer industry will see its sharpest unit decline in history this year, with shipments falling 11.9 percent to 257 million units, according to Gartner Inc.
    http://www.bizjournals.com/austin/stories/2009/03/02/daily8.html

    Good thing we only rely on biotech and green technology here in the valley now, or that might hurt… ;-)

  19. Real Estater Says:

    Good news from CNBC:

    Even Amid Gloom, Stocks May End Year With Gains

    Even as stocks blow past their November lows, analysts are beginning to gear up for a net gain in the markets this year.

    While forecasting anything positive in equities amid so much bad news is a risky venture, many investment pros see more sentiment to the buy side than the sell side longer term.

    In fact, they think a takeout of the November lows could be a necessity to pave the way for an eventual rally that will come with or without financials.

    The sector historically is considered a leadership group to guide Wall Street out of bear markets, but this time around analysts are looking at technology, health care and small caps to show the light.

    Consumer spending rose for the first time in seven months as consumers eased back into the marketplace

  20. anon Says:

    Good thing indeed, nomadic.

    Has anyone else noticed how cheap electronics have become? It’s amazing.

    Deflation rocks. Unless you have no money. In which case, all I can say is that one should have saved when times were good.

  21. Real Estater Says:

    I see many folks here starting to feel the panic along with the market. I say Stay the Course. Keep buying the Index on the way down in a consistent way (e.g. every 1000 point drop in the Dow), and stay in for the long term, you cannot lose this game unless the entire stock market is dissolved.

  22. Real Estater Says:

    As the stock market plunges, RBA home owners should rejoice that their assets are doing way better.

  23. steve Says:

    Stay the Course .. and stay in for the long term

    so how is the average people supposed to know when to sell? As it turns out, the advice quoted above has been a money loser for the last decade, hence the angst among your fellow baby boomers about their 401(k) plans.

  24. PB Says:

    #22
    Normally disclaimers are that past performance is not guarntee of future perfomrnace but If I may ask so ….
    ” Do you have any post from 6 month back that can say you were right?”

    Just kidding.
    - PB

  25. steve Says:

    #22, true for many RBA homeowners, especially if they bought before 2003 and provided they sell now. if they wait until Fall or next year, I’m not sure they will fare as well.

    I have a growing list of RBA properties where the owners have lost 100% of their investment (funny thing about leverage) compared to being 40 or 50% with the same money on an index fund. Of course, had they the CD route, they would be doing better than both. I’ve sent a few of the properties to burbed; if they don’t show up as a post in a day or so I’ll add the full list as a comment.

  26. Real Estater Says:

    Steve says,
    >>so how is the average people supposed to know when to sell?

    That depends on your investment objective, risk tolerance, and years to retirement. It’s not a simple question to answer.

    >>As it turns out, the advice quoted above has been a money loser for the last decade

    That’s why I always told people to buy real estate instead of stocks. Only now do I suggest starting to put some money into index funds, which historically has out-performed other approaches. For the people who already bought stocks, they need to double up now in order to have a chance of breaking even within a reasoanble time frame. Otherwise, they need to wait for a 200% gain in order to break even, which will take a very long time.

  27. R Says:

    I agree with RE on buying index funds on the way down, provided that your time horizon is a ways out (at least 5+ years). I did that at 7500 and will probably do it again if we dip any lower. However, I am only 30 and won’t need my IRA until I’m 60. I wouldn’t be investing this way if I needed my money in the next 5 years however; we could still drop a long way. Unfortunately, there is no way to know where the bottom in so putting some chips in as things keep dropping makes sense as long as you can stomach short-term losses. It is a terrible time however to be nearing retirement as I definitely don’t see the market recovering for a long time.

  28. DreamT Says:

    “burbed, you’ve done it again! movato and mlslistings.com no longer have 80848600.”

    burbed.com is a well-established – and revered – watchdog institution. Real estate agents are rewarded or sacked based on the daily postings – or are sent to attend ESL classes while on probation. Some of the most frequent visitors include the top 8.8% managers of Coldwell Banker, Redfin’s CEO’s secretary and last but not least, the entire staff at Movoto and MLSListings, every morning, at 9am sharp.

  29. steve Says:

    RE, another question. For how long a time are you expecting stocks to outperform (or likely outperform) RBA real estate? 5 years? 10 years?

  30. Burbdog Says:

    DreamT:
    Please cease and disist your comments. You are giving away all of our trade secrets. We must continuously inovate to differentiate ourselves from the gold jacket wearers. By the way it is the top 8.76% that watch the site.

  31. DreamT Says:

    I’ll do bitter than that: I’ll cise and disist.

  32. Real Estater Says:

    #29,

    In my opinion, nothing out-performs RBA real estate.

    #27,

    As I like to say, the road to armageddon leads to heaven.

  33. bob Says:

    Well…
    Just got done with “Operation Austin”. Bottom line: I’m outta’ here as soon as I feel comfortable with what I’ve saved. Its one hell of a nice city, not to mention the small towns and surrounding natural parks are beautiful. That and people are genuinely friendly. I swear every restaurant, hotel, tourist attraction, museum, and park had at least one or two people who voluntarily started talking to us. It was infectious and in my opinion, people seemed generally happier than those in the Bay Area. It automatically put you in a good mood.

    The food is out of this world. The best BBQ I’ve EVER had, and I’m a Southerner so I should know. It had the biggest beverage stores I’ve ever seen with a far bigger selection of wine or microbrews than in the Bay Area.

    The area was settled by Germans. Many of the small towns around Austin look almost European, with natural limestone buildings and old town squares. We had beer at several biergardens, which seemed crazy for central texas, but apparently a local custom.

    The city is clean, well-kept, and new looking. The state capital is actually bigger than the US capital and is absolutely stunning. There were numerous brand-new museums: The Austin museum of fine art, and the Texas history museum. Both we could have spent a whole day each. There was a kit flying festival as well. The city is on a large river and has several really cool bridges.

    The neighborhoods were very diverse. There were working class areas full of small homes, HUGE mansions on the hills near the river, Mcmansion and cookie-cutter developments in areas like Round Rock and Bee cave, and rural areas with ranches and smaller homesteads.

    Above all, We saw many homes- even some on the water, and nice homes to boot- for under 200k. Even historical homes were reasonable. Don’t get me wrong- Austin is not a dirt-cheap area and we saw areas that were just like Palo-Alto with multi-million dollar homes and Ferraris driving around in gated communities. But the difference is that almost every community and town we saw had affordable houses on all levels. I was kind of continuously reminding myself that not everywhere is as crazy as the BA.

    Either way, I really cannot wait to leave the BA. I now find the argument to pay the steep sums to live here even more ridiculous and silly. My advice to others like me who want a decent life without paying a fortune is get out there and look around. Its a beautiful country. Make the best of it and open your horizons.

  34. Alex Says:

    Ouch. Kablooooooooooooooooooey!!! There goes the Dow. See ya at 6000 soon!

  35. steve Says:

    In my opinion, nothing out-performs RBA real estate

    #32, then I am confused. Are you investing in the S&P and DJIA because it is 401(k) money and you have no way to buy prime RBA property with it? If so, I understand.

    If not, since you don’t think US equities are going to outperform RBA real estate for any time period going forward from today, why screw around? Why not just pull the trigger on property #2, or trade up to a better 94301 house and neighborhood? There seem to be some really nice Crescent Park and Old Palo Alto properties in the 3-4M range, and they are just languishing in this market. I’m sure they’d listen to a reasonable offer.

    If you are investing in S&P and DJI for a hedge against your RBA bet, there are better options than US indices.

  36. steve Says:

    bob, welcome back. where did you go for BBQ? did you have time to make the drive out to Snow’s?

  37. steve Says:

    bob writes:

    we saw areas that were *just* like Palo-Alto with multi-million dollar homes and Ferraris driving around in gated communities. But the difference is that almost every community and town we saw had affordable houses on all levels

    Atherton maybe, not Palo Alto. A few points:

    1) The multi-million dollar homes I’ve seen in Texas usually look like multi-million dollar homes. The RBA homes I’ve seen that have caused me to go “wow” rarely have 7-digit values. It’s 8 all the way for the true RBA.

    2) to be fair to Palo Alto, there is a much better mix of affordable (for the RBA, lots of rentals) and un-affordable housing than in other RBA communities. (madhaus, sunnyvale, mountain view and cupertino are all out now, right?). It is one of the best qualities of the city.

    Woodside, Atherton, Hillsborough, Los Alto Hills and even Los Altos (RBA probationary status) are much more homogenous and gaited (on a per property basis). In Palo Alto, lots are small and people tend to know there neighbors. And, they are friendly too — just not to outsiders from the East Bay or the 408.

    3) the Prius is the Palo Alto car of choice, or maybe a kid-packed SUV. their aren’t too many ferraris.

  38. nomadic Says:

    #32 As I like to say, the road to armageddon leads to heaven.

    armageddon = heaven? WTF?
    .
    bob wrote: …had at least one or two people who voluntarily started talking to us. It was infectious and in my opinion, people seemed generally happier than those in the Bay Area.

    Interesting. My mother just left after an extended visit and said the same thing about people around here. Maybe the grass is greener; maybe the midwest just really sucks more than usual these days.

    In any case, good luck with the move. I hope you still like it out there after you get settled in; I imagine you will.

  39. Real Estater Says:

    Steve says,
    >>Are you investing in the S&P and DJIA because it is 401(k) money and you have no way to buy prime RBA property with it?

    Yes

    >>Why not just pull the trigger on property #2, or trade up to a better 94301 house and neighborhood?

    I’m looking for property #2. Won’t look to trade up, due to a host of reasons:
    1) It’s not profitable. I get no income out of it.
    2) Don’t want to pay more property taxes.
    3) Don’t want to give up my current loan.
    4) Love my current home. It would take some luck to find another home with such ideal parameters and location.
    5) Why buy a $4M home when I can build one on my existing lot for much less money?

  40. Real Estater Says:

    Bob,

    That’s a great write-up, but I’m still confused. Why don’t you leave now? What’s with this “one day I will move when I’m ready” business?

  41. bob Says:

    Regretfully we aren’t moving anytime soon. The economy is in the crapper and we still have good jobs.So you aren’t rid of me yet. But we plan on moving just the same in the next few years. Sooner hopefully than later. As you all know, I’m a Southerner and to me, Austin was a perfect mix of Southern hospitality and modern progressive city. It will be a luxury to simply be able to simply pick a neighborhood we like, buy, and have basically no debt and lead normal lives with less pressure to “succeed”. There will be things I miss from here in SF, but I’ll get over it.

    We do have several other trips to other cities to explore for the same reasons. But Austin made a strong impression so it’ll be interesting to see how the other cities stack up.

  42. bob Says:

    RE,
    Like I said- we have good jobs for now and the economy sucks. So in the meantime it doesn’t hurt to soak up some more cash to make life in another city all the more easy. But don’t get me wrong- we are leaving because the living situation here is unacceptable for our tastes and lifestyle preferences. It is going to happen. But hey- less competition for you right?

  43. Herve Says:

    After the $110K and $210K drops from January, Classic Communities in Palo Alto is reduced again (cuts from $30K to $50K).

    I like how one was changed from $1,299,000 to $1,299,950. Is there a delivery charge on townhouses now?

  44. Real Estater Says:

    Bob,

    You’ve just hit the nail on the head. No matter how nice Austin may be, you’re screwed without a job. One reason places like this is so cheap is because you can’t make big bucks there the way you can in the Bay Area.

  45. Real Estater Says:

    Herve,

    Classic Communities, like a multitude of high density new developments in Palo Alto, is a joke. It’ located adjacent to the freeway; homes are super ugly (who designed this shit?), and squeezed into tiny lots. It’s a shame the city approves this kind of sub-standard projects.

  46. madhaus Says:

    steve, there is no RBA anymore. Just isolated homes here and there that sell for more than asking. Problem is, most Realtards haven’t figured out that everything is down another ten percent, just from January to February 2009.

    One of my friends is taking paralegal training at DeAnza, and one of her profs remarked some local firm just let go of over 100 attorneys. Guess they won’t be buying in Palo Alto.

  47. steve Says:

    I am amazed at how fast Palo Alto has turned. One of the properties I mentiond in January just closed (207 Ferne) for its asking price of 1.29. The comp from this summer is a smaller, less desireable layout on the same street (443). It was nicely done and sold for $1.8M. Knocking off a very generous $150K for the renovation, that’s still a 22% drop in 6 months.

    What’s more amazing is that Los Altos and Atherton are falling faster. Anyone who buys right now at a 2004 price or above is insane.

  48. madhaus Says:

    Didn’t one of the regulars here buy a Palo Alto property in 2003? At this rate that place will be underwater by June.

    Thanks, as always, for the PA updates.

  49. steve Says:

    turns out I misread Juliana site. The sale prices is NA, so we’ll have to wait and see. It was priced low for overbids, so a 1.35 close wouldn’t surpise me. It’s green meadows, and the owners are proud that a almost every house has sold first weekend for over asking for years now.

    SFR Jan-22 $1,299,000 $1,299,000 NA 1978 8092

  50. bob Says:

    You’ve just hit the nail on the head. No matter how nice Austin may be, you’re screwed without a job. One reason places like this is so cheap is because you can’t make big bucks there the way you can in the Bay Area.

    RE, There was definitely money in Austin. The difference is that the rich in Austin actually looked like the rich. The typical million dollar home there was ENORMOUS, as in 6,000-7,000 sq feet with a 3 car garage, a custom pool and within a gated community. I know because I looked. There were neighborhoods with just as many pricky cars driving around ( Porsches, Lamborghinis, and even a few Benteleys as you’d see in SV.

    Secondly, Tech companies are well-represented there. IBM, Dell, Apple, and Oracle just to name a few. Plus its the state capital with all the government jobs ( Its a giant state) So you’d be mistaken to assume that Austin is for losers with poor paying jobs.

    If I realllllly wanted to, there were loads of houses for sale in the 100k range. We saw one that was a four bedroom, two car garage deal with a in-ground covered pool in one of the cookie-cutter burbs for 89k. That’s right- under 100k.I could buy that with cash right now and get some crappy Joe-Shmoe job and be done. But we are in a recession, home prices aren’t going up anywhere anytime soon, prices will still fall, and I can keep right on saving just as I always have. So my reasons aren’t because Austin sucks.

    Either way, I think anyone thinking of buying in the BA after seeing a city like Austin is nuts. The trip only re-confirmed that prices here even now are ridiculous and not tied to reality. Again- get out there and look around. The BA isn’t that great.

  51. nomadic Says:

    keep that up, bob, and we’re gonna have to ex-communicate you from burbed for that heresy. ;-)

  52. Real Estater Says:

    >>turns out I misread Juliana site. The sale prices is NA,

    Just an over-anxious guy going hysterical at every opportunity. Steve is acting more and more like a clown now.

  53. Real Estater Says:

    Bob,

    You need to be able to distinguish between the appearance of wealth vs. wealth. I wouldn’t be overly impressed by someone living in a 7000 sq. ft. house that costs $7000 a month to keep air-conditioned in the summer, never appreciate in value, and impossible to sell.

  54. nomadic Says:

    sure you would. Sub-zero refrigerators impress you.

    LOL

  55. Real Estater Says:

    $4.1M home just gone pending in Palo Alto:

    http://www.movoto.com/real-estate/homes-for-sale/CA/Palo-Alto/800-E-Greenwich-Pl-100_80906069.htm

  56. anon Says:

    “Just an over-anxious guy going hysterical at every opportunity. Steve is acting more and more like a clown now.”

    Translation:

    “Steve has expressed opinions contrary to mine. I am unable to rebut his arguments using logic, therefore I will attack him ad hominem.”

  57. steve Says:

    Just an over-anxious guy going hysterical at every opportunity. Steve is acting more and more like a clown now.

    Hey, RE, where’s your Bay Area spirit!?

    How about a friendly wager on the price of this? Let’s make the the over/under 1.45, a solid 2005 number. Come on, to use an Austin expression don’t be all hat and no cattle.

    You know what side I’m taking, but you have a good shot. The house was in contract almost immediately and the last sale on that street was for a smaller house on a smaller lot for a very high price (1.8).

    Loser donates $20 to burbed so we all have fun talking about paper losses and paper gains. And, the winner, well, let’s just say winner will enjoy his bragging rights.

  58. anon Says:

    “You need to be able to distinguish between the appearance of wealth vs. wealth. I wouldn’t be overly impressed by someone living in a 7000 sq. ft. house that costs $7000 a month to keep air-conditioned in the summer, never appreciate in value, and impossible to sell.”

    You almost had it, RE. Only problem: you can’t distinguish appearance of wealth and actual wealth either. Wealth does not stem – or even have anything to do with – a 7000sqft house. Air conditioned or not.

  59. anon Says:

    “sure you would. Sub-zero refrigerators impress you.

    LOL”

    rofl

  60. steve Says:

    RE (55), that green gables house looks fantastic. extremely high end!

    any reason it was listed for $800 sq ft? I know very little about that part of the market, but I would have expected a much higher price.

    it seems superior in every way to 866 seale, a property we discussed a few weeks back and that sold instantly at $1000 sq ft.

  61. MV_Bound Says:

    You’ve just hit the nail on the head. No matter how nice Austin may be, you’re screwed without a job. One reason places like this is so cheap is because you can’t make big bucks there the way you can in the Bay Area.

    RE is right, no one can make as much money anywhere but the RBA. He proved that point to me with Manhattan Beach. Sure that little guy in Omaha wished he lived in the RBA so he could make some “big bucks” after his latest dismal year.

    Based on these comments, it does appear that PA has dropped anywhere from 15-20% from its peak. Is that what I am seeing here? As RE would put it, the prime properties in PA are still selling. Trust me, it will only be a matter of time before those start dropping.

  62. Herve Says:

    What surprises me about these $4M+ houses in Palo Alto is that even though they look nice and are definitely good quality, the lots are still pretty small. One can get a 1-acre lot for the same price in Atherton (for example, see house mentioned yesterday on Cebalo Ln on a 1.7-acre lot).

  63. Herve Says:

    > it does appear that PA has dropped anywhere from 15-20% from its peak

    I know it may only be semantics, but it is not a real drop. It is merely referred to as the icing.

  64. steve Says:

    MV_bound, it’s truly house by house, the peak *was* crazy, and there have been very few opportunities for price discovery, but yes, 15% or more is the emerging pattern for PA. I’ve been looking at data on other RBA cities (los altos, menlo park, atherton) and the downtown is sharper there. What happened in MB will liely happen here, although I would expect there to be some moderation given the historically low turnover in property.

    btw, I’m glad you had fun in los gatos. It’s a nice city. I head to SF often, so it’s not for me, but I think you’ll like it. be sure to check out the summer concert series at the Mountain Winery (saratoga), possible one of the best venues in the US.

  65. steve Says:

    herve, agreed, but i have a number of friends, when faced with the same choice, picked palo alto. there reasoning: it is a better environment for kids. there is a good chance you’ll know and like your neighbors (there not all like RE), and the right streets are really pretty. the perception if not the reality is that atherton and woodside are reasonably toxic for children.

    maybe old palo alto needs a moto — “like a nice small town, only 100x more expensive”

  66. Real Estater Says:

    Herve says,
    >>What surprises me about these $4M+ houses in Palo Alto is that even though they look nice and are definitely good quality, the lots are still pretty small. One can get a 1-acre lot for the same price in Atherton

    Your observation is correct, much more acute than the guy who only knows how to do the math on price / sq. ft. Look at these other $4M+ houses in Palo Alto:

    http://www.movoto.com/real-estate/homes-for-sale/CA/Palo-Alto/1311-Parkinson-Ave-100_80908539.htm

    http://www.movoto.com/real-estate/homes-for-sale/CA/Palo-Alto/1005-Parkinson-Ave-100_80906164.htm

    That is why I am confident I can put a $4M house on my lot, which is larger than either of these.

    Taking size into consideration, Palo Alto is easily worth more than Atherton, Los Altos Hills, or any of these other ultra high end places.

  67. nomadic Says:

    I like your choices of older houses better. These are ooogly.

  68. steve Says:

    much more acute than the guy who only knows how to do the math on price / sq. ft.

    Mr PA expert, would you please look at the photos for the house *you* posted in 55 and explain how that could possibly be listed for only $808 sq ft?

    The most recent comp in this price range closed at $3.6M or 1000 sq ft and it, although nice and new construction, doesn’t seem nearly as majestic as the house *you* chose. What am I missing? After all, I’m here to learn.

    btw, turns our Juliana Lee’s site was wrong too. 207 Ferne has not closed escrow. so, do we have bet?

  69. Herve Says:

    > Look at these other $4M+ houses in Palo Alto

    Shakingly ugly.

    I’m no fan of these new houses. I like the older ones much better.

  70. steve Says:

    the old, high-end housing stock is great, especially when it has been tastefully refreshed

  71. Herve Says:

    Check out this one in Los Altos Hills. Less than $4M, house is 4,151 sq ft and lot size is 1.38 acre.

  72. nomadic Says:

    love it, Herve. The lot is a goofy shape but I’d take it anyway. :-)

  73. steve Says:

    another great herve find. not exactly my style, but I like LAH and that’s a very solid location. you could do much worse for your $4K/month in property tax.

  74. Herve Says:

    > not exactly my style

    Not my style either (I think you and I like the same style). I was merely pointing out the value you can get in other places. In my opinion, Palo Alto is not worth spending more than $4M because of the relatively small lot size you would get. Atherton, Los Altos or even Los Altos Hills have better value (and are as “prestigious” as Palo Alto, if not more). I see Palo Alto as a good choice in the $2M to $2.5M range.

  75. Herve Says:

    Steve, check out this one in Los Altos. The pictures are pretty bad quality but I think you’ll like the living room.

  76. steve Says:

    Herve, I have, as I beleive nomadic first posted about Anita Ave. I was hoping for one more major price cut, but it will be intersting to see where it closes.

    Agreed too about value and prestige. There are many more trophy properties in Atherton, Hillsborough, Woodside, LAH, Portola Valley and the Palo Alto hills. But, as I mentioned above in a mistake filled comment I did not proofread (65), the nice streets in 94301 are really great for kids. Allied Arts in Menlo Park is the same way. That is the key to understanding the prices they command.

  77. Real Estater Says:

    #75,

    That looks really 70′s. Bad taste.

  78. Real Estater Says:

    Herve says,
    >>I was merely pointing out the value you can get in other places. In my opinion, Palo Alto is not worth spending more than $4M because of the relatively small lot size you would get. Atherton, Los Altos or even Los Altos Hills have better value

    The market values land in PA (particularly North PA) more than virtually any place else in the Bay Area. A house that costs $6M in Atherton would be worth more than $10M in PA. It’s not just about prestige and value (actually, if you want value go to Sunnyvale), but about the whole package: Top schools from Kindergarden to High School. Convenience of location and shopping. Proximity to Stanford. Tree lined streets, etc, etc. Many of the other top end places are way out in the boonies. It’s not much fun to be out there all by yourself on a day to day basis.

  79. steve Says:

    A house that costs $6M in Atherton would be worth more than $10M in PA.

    That sounds right, but it got me thinking. How many $10M homes are there in Palo Alto?

    I was pretty confident that there were only a few, on a absolute and, especially, on percentage basis. PA was middle/upper middle classs city and its housing stock reflects it. Atherton was where rich people live. But, let’s go to the data:

    population of the ciy of Palo Alto: 70000
    population of the town of Atheron: 7000

    all time home sales >$6M (from redfin)
    palo alto: 10
    atherton:79

    all time home sales >$10M
    palo alto: 1
    atherton: 23

  80. Real Estater Says:

    Steve says,
    >>Mr PA expert, would you please look at the photos for the house *you* posted in 55 and explain how that could possibly be listed for only $808 sq ft?

    May be it has something to do with the fact that one side of the house is on Newell, a fairly high traffic’ed street leading to a school???

    Or may be you get some economy of scale when the house is around 5000 square feet?

    Is $808/sq. ft. so shabby anyways? Does anyone here own a house worth $808/sq. ft.?

  81. Real Estater Says:

    Majority of the homes worth over $6M in PA are never sold, at least I never see them on the market. However, it’s not uncommon to see to see homes between $4-6M that are only a quarter the lot size of a similarly priced home in Atherton.

  82. Real Estater Says:

    Steve says,
    >>turns our Juliana Lee’s site was wrong too. 207 Ferne has not closed escrow. so, do we have bet?

    Who cares about Ferne? It’s like one block away from Mountain View. I don’t think it should be worth more than $1.2M. Anything above that is icing on the cake.

  83. anon Says:

    DA,

    They aren’t advertised because they are sold privately. Shouldn’t someone as knowledgeable as yourself know this? Oh right – you’re new to the game.

  84. steve Says:

    RE (82), all hat and no cattle.

    who cares? you should. 1) it’s green meadow, one of the most sought after group of eichlers in a city of eichlers 2) it is at the bottom end of Palo Alto, the only segment (by your admission) that is showing strength. if it continues to fall, there will be futher pressure on the 1.5-2.0 range already hammered by financing issues 3) most importantly, it has palo alto schools, and palo alto schools are the only reason someone should choose a midtown or South PA house over a larger lot, nicer home in Menlo Park, Los Altos or Mountain View. if buyers start discounting that, watch out below!

  85. nomadic Says:

    steve, next he’ll revert back to the argument it doesn’t matter because he’ll stay in his house ’til he’s dead…

  86. zanon Says:

    STEVE: Entry level PA is it! Barely affordable with regular financing by two engineer families who:
    - Don’t calculate rent/buy
    - bank on historic appreciation
    - are confident neither of them will lose their jobs
    - don’t consider anywhere else

    Once they go, it’s all over

  87. zanon Says:

    HERVE 71: I know that house, it’s as nice as the pictures. Unfortunately, that may not be nice enough. Sold for $3.5M in 2004 and is listing for just $3.9 5 years later. That is not RBA performance, which tears out. Los Altos is officially no longer part of RBA, at least for the expensive homes.

  88. steve Says:

    hey burbed. hear that? Los Altos is officially no longer part of RBA ;)

    and, zanon, agreed. there is even better data out there on los altos that we may see soon.

  89. anon Says:

    “HERVE 71: I know that house, it’s as nice as the pictures. Unfortunately, that may not be nice enough. Sold for $3.5M in 2004 and is listing for just $3.9 5 years later.”

    Zanon, this is RBA performance. At the risk of sounding like a broken record, RBA property does not double every 10 years.

  90. zanon Says:

    Anon: You are wrong. *R*BA performance at least double every ten years. By definition. BA performance can do whatever it likes.

    The only question is, are you in the RBA or merely the BA. QED.

  91. madhaus Says:

    steve, don’t you know that you can’t get all hat no cattle to make a bet here? I’m waiting for him to tell you that betting is illegal. Were you around when I tried to get him to bet $100 with the money going to burbed?

    Guess what he did. He ignored it and began nagging Pralay to donate to the site. btw Pralay already had donated.
    Good luck on collecting, because you know he’ll find something to weasel on.

    #56, 58, 83 — game, set, match.

  92. anon Says:

    “Anon: You are wrong. *R*BA performance at least double every ten years. By definition. BA performance can do whatever it likes.”

    Well then. I was unaware. I suppose that only the garbage shacks in the ghetto that jumped from 250k-550k in the course of 6 or so years are the only properties that qualify for RBA status. Thank you for the correction.

  93. steve Says:

    madhaus, now that you mention it, I must have repressed those terrible memories. re: game, set, match – yes, very well played indeed.

    I just happened to look up the origins of “all hat and no cattle” on the web. I didn’t find what I was looking for, but I did see a list of these amusing alternatives:

    all booster, no payload
    all crown, no filling
    all foam, no beer
    all hammer, no nail
    all lime and salt, no tequila
    all mouth and no trousers*
    all shot, no powder
    all wax and no wick

    and, most appropriately, all icing, no cake

    *the English both disturb and entertain

  94. nomadic Says:

    *the English both disturb and entertain

    From the folks who brought you the delightful dessert “spotted dick.”

  95. Real Estater Says:

    >>They aren’t advertised because they are sold privately.

    Actually, that’s literally true. Such sales are typically not disclosed. I’ve seen at least a couple of instances like that within a few blocks of my home.

  96. nomadic Says:

    actually, you are right. anon was not making a joke. did you research it to determine that?
    /snark off

    Going by Propertyshark, I’d say roughly 1/3 of sales in 94301 have undisclosed prices. Not that they were necessarily private sales in those cases, but apparently there are ways of keeping things private.

  97. Real Estater Says:

    Steve says,
    >>1) it’s green meadow, one of the most sought after group of eichlers in a city of eichlers 2) it is at the bottom end of Palo Alto

    Bottom end is most sought after? Does this make sense to you?

    >>if it continues to fall, there will be futher pressure on the 1.5-2.0 range already hammered by financing issues

    As I already told you, that street is worth no more than $1.2M. You want to pump it up so you can have a bet with me.

  98. Real Estater Says:

    nomadic says,
    >>actually, you are right. anon was not making a joke. did you research it to determine that?
    /snark off

    It doesn’t require research. You just need to be in the neighborhood. First you’d see a sold sign on these mega properties, then when you check the sales record a month later, it doesn’t say anything. This pattern is fairly common in the stratosphere segment. The rich want to protect their privacy.

  99. Real Estater Says:

    >>The average 30-year fixed mortgage stayed constant at 5.41% for the week ended March 4, according to Bankrate.com.

    That’s ridiculous. Major failure on the part of the administration. They really need to drive the rate down to 4.5% or lower, and the housing problem will be solved. Instead, they are throwing good money after bad by trying to save foreclosed homeowners. Majority of those people are irresponsible, and cannot be saved in any sustained manner. We need to get those people out of their homes, get investors in there, and rent the houses back to those people.

  100. steve Says:

    On Feb 18, RE writes:

    - The mega-homes market (above $5M) is dead
    - The market for homes above $2M is very quiet, whether it’s Palo Alto, Los Altos, or other high end areas.
    - In Palo Alto: The market for homes under $1.5M is still active. Sales of homes close to $1M are brisk.

    Last night, Steve writes in comment #84:

    it is at the bottom end of Palo Alto, the only segment (by your admission) that is showing strength

    Today, RE singles that comment out for ridicule in #97:

    Bottom end is most sought after? Does this make sense to you?

    Why yes, it does. Have you forgotten what you wrote 3 weeks ago?

    Not content to quit while he is behind, RE continues:

    As I already told you, that street is worth no more than $1.2M. You want to pump it up so you can have a bet with me.

    The last sale on that street was for a smaller (very renovated) Eichler on a smaller lot for $1.8M. Insane, I know, but the market is the market. I’m merly pointing out the change. If you say 1.2, then perhaps you are more bearish on Palo Alto real estate than me.

    437 Ferne Ave
    Palo Alto, CA 94306
    LAST SALE: $1,231,500 (02/15/2001)
    SQ.FT.: 1,611
    YEAR BUILT: 1956

    Hello, 2001 calling. It wants its icing back.

  101. steve Says:

    btw, tax records always have last sale information (you can’t hide from the tax man) and #99 is terribly inconsistent regarding the role of interest rates. this part is very true and I applaud it:

    We need to get those people out of their homes, get investors in there, and rent the houses back to those people.

    the best way for the real estate market to recover is to let it clear. artifically low interest rates, foreclosure forebearance and other government programs only make a japan outcome more likely.

  102. A. Lewis Says:

    Hello, 2001 calling. It wants its icing back.

    ROTFLMAO. Thank you, Steve, you’re my new best friend.
    Keep up the good work on PA and everything.

  103. steve Says:

    a lewis, glad to see you back on occassion.

  104. Real Estater Says:

    Steve says,

    >>Today, RE singles that comment out for ridicule in #97:

    Bottom end is most sought after? Does this make sense to you?

    >>Why yes, it does. Have you forgotten what you wrote 3 weeks ago?

    You’re doing a pretty good job filling in for Pralay, with an equal amount of incompetence. I said the bottom end is most active. Where did I say it is most sought after? Crescent Park is sought after. Old Palo Alto is sought after. Professorville is sought after. I’ve never heard of Green Meadow being sought after. That’s completely made up by you.

  105. anon Says:

    Here’s another one:

    RE says : “Majority of the homes worth over $6M in PA are never sold, at least I never see them on the market. ”

    I respond: “They aren’t advertised because they are sold privately.”

    RE says: “Actually, that’s literally true. Such sales are typically not disclosed. I’ve seen at least a couple of instances like that within a few blocks of my home.”

    Then he says:

    “It doesn’t require research. You just need to be in the neighborhood. First you’d see a sold sign on these mega properties, then when you check the sales record a month later, it doesn’t say anything. This pattern is fairly common in the stratosphere segment. The rich want to protect their privacy.”

    So, the same guy who “never sees” them sees the signs in his neighborhood. Uh huh.

    I’m starting to think I shouldn’t pick on someone so confused.

  106. steve Says:

    You’re doing a pretty good job filling in for Pralay, with an equal amount of incompetence. I said the bottom end is most active. Where did I say it is most sought after?

    Where did I say it was the most soought after. I, Steve, wrote:

    it is at the bottom end of Palo Alto, the only segment (by your admission) that is showing strength

    How you could disagree with that is beyond me. But, you did. You replied:

    Bottom end is most sought after? Does this make sense to you?

    Who is it you are accusing of incompetence?

  107. Real Estater Says:

    anon,

    What part of “majority” you don’t understand?

    Steve,

    I stay with my response. Won’t get into trolling.

  108. steve Says:

    I stay with my response. Won’t get into trolling.

    typical, but I guess a, “I misread your post and I was wrong” was *way* too much to hope for. the irony is delightful because this whole exchange started when I discovered an error in something I wrote and added a comment to correct it.

  109. A. Lewis Says:

    DFTT

  110. A. Lewis Says:

    Or is that DNFTT? I’m so bad with my internet acronyms…

  111. nomadic Says:

    DNFTT, A.

    steve – unless you’re really bored, when you read those silly posts just repeat the mantra “RE is obtuse” six or seven times and then move onto something else. :-)
    That’s why I didn’t answer #98. Not worth the effort.

  112. Pralay Says:

    :) LOL!
    RealEstater,
    Is it still my fault, even in my absence, that you are trolling here and calling others “clown”? Or do you still consider yourself as “victim”?

  113. anon Says:

    “I stay with my response. Won’t get into trolling.”

    You’re not going to post anymore?

  114. Pralay Says:

    Steve,
    I just read your “overly dramatic” comment about Palo Alto in other thread. It is excellent. Probably one of the best analyses about RBA market.

  115. madhaus Says:

    Oh man, Pralay is back. And here I was going to ask everyone to keep the icing away from the troll, or the spotted dick off the clown table, or something.

    Between #100 and #105, my day is made. And I was going to come up with a Poe pastiche. Now I won’t even bother. It wilts by comparison.

  116. Real Estater Says:

    OK, at the risk of feeding the trolls, I will respond one more time per everyone’s response.

    First of all, there should be nothing controversial about #98. I’m telling you as it is. You may never known about such things if your life is in NRBA.

    Secondly, how can any reasonable person argue that “sought after” is equivalent to “active market”? Something that is sought after may very well be unobtainable. What is actively selling may very well be due to its cheapness. A Toyota Corolla, for example, is selling at high volume. Does it mean it’s “sought after”? Porsches are sought after, but is it selling at high volume?

  117. madhaus Says:

    The NRBA? Is that like the American Basketball Association?

  118. Pralay Says:

    The NRBA? Is that like the American Basketball Association?
    ———

    I think he meant non-RBA. But wait, with 20% drop, Palo Alto is NRBA too.

  119. steve Says:

    nomadic, I have been bored. meetings suck.

    a lewis, exactly, but I can’t resist. Yet another glaring inconsistency…

    On Feb 3, Steve writes:

    [about Professorville] the third most desirable 94301 area behind Old Palo Alto and Crescent Park.

    RE immediately quotes and corrects:

    That’s your opinion, but completely untrue. There is actually no distinguishable difference in terms of desirability among the 94301 neighborhoods

    Then, today, RE forgets his previous comments and, after misreading one of my posts, proclaims:

    Crescent Park is sought after. Old Palo Alto is sought after. Professorville is sought after. I’ve never heard of Green Meadow being sought after.

    From an absolute standpoint, I don’t disagree, but just 1 month ago RE would have had to denounce himself for singling out certain 94301 neighborhoods.

    Welcome back, pralay. You’ve picked a fun day to return.

  120. Real Estater Says:

    Steve,

    What drug are you on today? Is Green Meadow in 94301? You should know better than that!

  121. Pralay Says:

    a lewis, exactly, but I can’t resist. Yet another glaring inconsistency…
    ——

    Steve,
    Finding inconsistency in RealEstater’s comments are like looking for sands on beach. But hey, he is atleast very consistent in one thing – his continuous song of “right time to buy”.

    In Jan 2008:

    One of the best ways to capitalize on the current economic weakness is to get a deal on a mortgage. Yes, now is the right time to buy even an investment property.

    In April 2008:

    In other words, if you are invested the RBA, you are in the right place at the right time at the right interest rate right now!

    In Dec 2008:

    With low interest rate at hand, this is the rare moment when all the stars are lined up for buying a house.

    If you ignore the rationals for buying, they are very consistent – it is always right time to buy home. :)

  122. nomadic Says:

    God, RE, you really are obtuse. Steve did not say Green Meadow is in 94301, nor did he imply it. Your reading comprehension sucks.

  123. steve Says:

    RE, nice attempt to confuse the issue, but, of course, 119 never claims green meadow is in 94301.

    Let’s clarify. RE: which of the following do you disagree with regarding 207 Ferne since you continue to object so strongly to my comment (84):

    1) it’s green meadow, one of the most sought after group of eichlers in a city of eichlers

    John Fyten describes them this way. “They date from the builder’s ‘mature phase’, designed for a decidedly more upscale market.” And, mid-century modern fans prize them for them pristine nature. Given landmark status by the National Park Service, a one-story overlay and an active architectural review committee preserve the historic nature of the community.

    2) it is at the bottom end of Palo Alto, the only segment (by your admission) that is showing strength.

    You, RE, wrote the following:

    - The mega-homes market (above $5M) is dead
    - The market for homes above $2M is very quiet, whether it’s Palo Alto, Los Altos, or other high end areas.
    - In Palo Alto: The market for homes under $1.5M is still active. Sales of homes close to $1M are brisk.

    3) most importantly, it has palo alto schools

    3 is a factual statement. 2, I’m agreeing with you on. Are you trying to claim that Professorvile, Crescent Park or Old Palo Alto, areas with no eichlers, are somehow relevant to my point about eichlers in #1?

    So, I’m hysterical, incompetent, a troll, on drugs and bitter that I didn’t buy in palo alto when you did. Why not make me a loser too by accepting my better? Prove to everyone that you are not all icing and no cake. After all, burbed could use the money.

  124. steve Says:

    oops, the last part of the post should read:

    Why not make me a loser too by accepting my bet?

    see how easy it is to admit a mistake?

  125. madhaus Says:

    nomadic, Pralay, steve, we know that this user is all Spotted and no Dick. Please, please, please stop feeding the Toad-in-the-Hole! And please, don’t feed him any Fitless Cock!

    That’s oatmeal in the shape of a chicken, you perverts. I want my icing back.

  126. burbed Says:

    My spidey sense are telling me that things are getting a bit heated here.

    Let’s pretend we’re in New Jersey and chill out.

    (Or freeze out I guess.)

  127. Real Estater Says:

    Things turn bad as soon as Pralay returns, every time. Since he’s been away for some time, let’s remind him about the notice he should’ve read:

    Please be nice. No name calling, no personal attacks, no racist stuff, no baiting, etc. Let’s be nice to each other in the true Bay Area spirit!

  128. burbed Says:

    That includes you Real Estater.

    >>Please be nice. No name calling, no personal attacks, no racist stuff, no baiting, etc. Let’s be nice to each other in the true Bay Area spirit!

  129. Real Estater Says:

    Steve, Steve, Steve,

    After all these exchanges, you still don’t get what the objection is about? What exactly is the point of #119 by bringing out my old statements? Isn’t it your point that Green Meadows should not be distinguished from the other 3 neighborhoods, as they are all “sought after”? With that as a basis, you wanted me to take on your bet?

  130. bob Says:

    Bob,

    You need to be able to distinguish between the appearance of wealth vs. wealth. I wouldn’t be overly impressed by someone living in a 7000 sq. ft. house that costs $7000 a month to keep air-conditioned in the summer, never appreciate in value, and impossible to sell.

    Once more your unabashed ignorance is amazing.Are you really serious? First of all, the Austin housing market is one of the only markets in the US that’s actually still performing somewhat decently, so yes- houses are selling. Secondly, there is basically no humidity in that part of TX. A lot of people simply used swamp coolers, which use much less electricity than AC. Where do you get AC costing $7,000 a month to cool a house anyway? My parents live in rural TN, and at the height of summer with their 3 ton AC unit running 24/7, the most it costs them is around $150 a month. Their house is 2,000 sq feet, so figure that a 6,000 sq foot one would be $350, or probably less given my parent’s house is 40 years old and not as well insulated. Given that there is no humidity in Austin, take another chunk of the cost away because the AC wouldn’t be working near as hard. So realistically, we’re talking maybe $250 to cool a huge mansion. Trust me- these folks were loaded. The difference is that they’re probably smarter than the dumb asses that pay a million for some Brady Bunch house in PA.

    God I’m glad I will be moving out of this area leaving people such as yourself behind. Good riddance.You can have it and your precious appreciation, which you’re soon enough going to figure out isn’t going to make you rich. Good luck, sucker.

  131. steve Says:

    Isn’t it your point that Green Meadows should not be distinguished from the other 3 neighborhoods

    No. That has never been my point as nomadic correctly points out in 122.

    Why would I insist that I community of eichlers was the same as areas with old stock housing from 1900-1925? Why would I confuse 1.5M homes with $3+M homes? Why would I suggest that neighborhoods close to downtown were the same as the South? Why do you keep changing the subject? Why do I even bother?

    Oh well, at least we both now agree that Old Palo Alto, Cresecent Park and Professorville are the elite 94301 neighborhoods.

  132. Pralay Says:

    Things turn bad as soon as Pralay returns, every time.
    ———–

    RealEstater,
    You haven’t answered #112. Instead you are acting like a victim again. You started calling others “clown” even before I posted a single comment today.

  133. nomadic Says:

    That’s right Pralay. Your re-appearance was simply the icing on the cake.

  134. Pralay Says:

    Your re-appearance was simply the icing on the cake.
    ———-

    Damn, you are a mind reader.

  135. Real Estater Says:

    Pralay,

    It’s not a coincidence that everytime you appear, things get bad here. Did you even figure out what the heck people are talking about here before you unleash your typical nonsense?

  136. Real Estater Says:

    Steve,

    One last chance. Was was the point of # 119?

  137. Real Estater Says:

    Steve,

    Why don’t you just admit you? You’re trying to play up Green Meadow hoping I’d take your bait, I mean bet. Come on, aren’t you being a bit naive here? The other guys probably can’t tell what you’re trying to do, but it doesn’t work with me.

  138. Real Estater Says:

    Good, Pralay is reading now…

  139. Pralay Says:

    It’s not a coincidence that everytime you appear, things get bad here.
    ——–

    So are you trying to say that you called Steve as “clown” at 9:29AM today because I was going to post #112 4:48PM? I never realized that I had so much bad infuence on you! :)

    ———
    Did you even figure out what the heck people are talking about here before you unleash your typical nonsense?
    ———

    Yes, I figured out. Steve posted an excellent post two days back, about Palo Alto price drop (mentioned in #114). And you are doing your as usual daily trolling job.

  140. Real Estater Says:

    Million dollar Palo Alto home at the freeway on-ramp is sold!

    http://www.redfin.com/CA/Palo-Alto/2363-Sierra-Ct-94303/home/545820

  141. Pralay Says:

    After more than SIX months. Hurrah!

  142. Herve Says:

    And 2 price reductions! Huzzah!

  143. Herve Says:

    Of course I meant 3 price reductions! Huzzah!

  144. anon Says:

    All this talk of icing is making me hungry. real estater, fetch me a cake. And a beer.

  145. Pralay Says:

    real estater, fetch me a cake. And a beer.
    ————

    You need to wait 10 years. When icing doubles, you might get a thin layer of cake underneath.

  146. anon Says:

    Isn’t that appropriate?

    He’s all fluff, no substance.

  147. anon Says:

    http://images.icanhascheezburger.com/completestore/2008/10/5/128676918907367800.jpg

  148. nomadic Says:

    The next door neighbor’s house hasn’t sold yet – as I pointed out a couple days ago. It’s been on the market a little bit longer than the one RE posted above:
    http://www.redfin.com/CA/Palo-Alto/2375-Sierra-Ct-94303/home/1733851

  149. Real Estater Says:

    What 2363 Sierra Court demonstrates is that even a home next to a freeway on-ramp is worth $1M in Palo Alto despite the recession.

  150. Pralay Says:

    Provided it is sold for listed price (or over million) after sitting on market for six months.

  151. Carla T. Says:

    I am the former owner of 2363 Sierra Court and I can tell you that there is inaccurate information on this site about that property. It has 3, not 2, bedrooms. I owned that property and lived there from 1974 to 1998. It was NOT sold in 1988. Information at this URL is incorrect: http://www.redfin.com/CA/Palo-Alto/2363-Sierra-Ct-94303/home/545820
    Comments made here have also been incorrect, not only about 2363 but also about 2375 Sierra Court. I would advise others who stumble onto this site to beware as there is a whole lot of CRAP here!

  152. bob Says:

    RE,
    you need to really stop giving investment “advice” to people on this forum as much of what you suggest is about the fastest way to lose money. Have you selected the brand of cat food you like the best because that’s probably what you’re going to be eating when you retire.

    STOP telling people to invest in real estate INSTEAD of stocks. That is outright financial stupidity.

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