Comments on: 5 Free TV’s with purchase of Los Altos house http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/ SF Bay Area Real Estate, Home Price and Mortgage Insanity Blog - Burbed.com Thu, 18 Mar 2010 07:44:50 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: nomadic http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47814 nomadic Mon, 29 Jun 2009 17:28:57 +0000 http://www.burbed.com/?p=3629#comment-47814 I'd say 94089 is <i>maybe</i> on par with Milpitas. Maybe not quite that "good." I’d say 94089 is maybe on par with Milpitas. Maybe not quite that “good.”

]]> By: DreamT http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47813 DreamT Mon, 29 Jun 2009 17:27:45 +0000 http://www.burbed.com/?p=3629#comment-47813 A. - Not "the" last choice neighborhood, when compared to some areas south and east of San Jose, or some areas in the east bay (Hayward?). But still pretty low. To put it plainly, you wouldn't see me ever purchasing there; but there are many areas of San Jose I'd be OK buying into. So as far as I'm concerned, it isn't anywhere on the "ladder" of areas I'd consider. A. – Not “the” last choice neighborhood, when compared to some areas south and east of San Jose, or some areas in the east bay (Hayward?). But still pretty low. To put it plainly, you wouldn’t see me ever purchasing there; but there are many areas of San Jose I’d be OK buying into. So as far as I’m concerned, it isn’t anywhere on the “ladder” of areas I’d consider.

]]> By: A. Lewis http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47812 A. Lewis Mon, 29 Jun 2009 17:18:42 +0000 http://www.burbed.com/?p=3629#comment-47812 #43 - I get the gist of what you're saying - but you miss my point. I'm trying to establish if this is a 'last choice' neighborhood, or a '2nd choice' or '3rd choice', or what. How far down the pecking order is it? It's not very interesting if the bottom rung collapses - we all expect that. How high up the ladder was this rung? #43 – I get the gist of what you’re saying – but you miss my point. I’m trying to establish if this is a ‘last choice’ neighborhood, or a ‘2nd choice’ or ‘3rd choice’, or what. How far down the pecking order is it?

It’s not very interesting if the bottom rung collapses – we all expect that. How high up the ladder was this rung?

]]> By: nomadic http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47727 nomadic Sat, 27 Jun 2009 05:47:21 +0000 http://www.burbed.com/?p=3629#comment-47727 mh - Devona has the second owners in it now. Original buyers paid $577.5k in 1996. Current ones paid $785k in 1999 (13.2% annual increase for the original owners). mh – Devona has the second owners in it now. Original buyers paid $577.5k in 1996. Current ones paid $785k in 1999 (13.2% annual increase for the original owners).

]]> By: madhaus http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47724 madhaus Sat, 27 Jun 2009 04:32:07 +0000 http://www.burbed.com/?p=3629#comment-47724 Whoops! I left out the best part! 1336 Hollenbeck is on the EVEN side of this busy street! That means you get <b>the worst elementary school in CUSD</b>! Yup, it's Nimitz! But wait, there's more! You also get <b>the worst high school in FUHSD</b>! The dread Fremont High, the scourge of Birdland! Now how much would you pay? But there's even more! The house is a block from Fremont Avenue, a busy six-lane arterial! But if you act now, meet your new neighbors! Two churches, both with attached schools! A couple of professional ofice buildings! And best of all, a funeral home! Your kids will have a blast putting the FUN back in FUNeral! I can't understand why the angry renters on this board aren't throwing their flat screen TVs at this place! Whoops! I left out the best part!

1336 Hollenbeck is on the EVEN side of this busy street! That means you get the worst elementary school in CUSD! Yup, it’s Nimitz! But wait, there’s more!

You also get the worst high school in FUHSD! The dread Fremont High, the scourge of Birdland! Now how much would you pay?

But there’s even more! The house is a block from Fremont Avenue, a busy six-lane arterial! But if you act now, meet your new neighbors! Two churches, both with attached schools! A couple of professional ofice buildings! And best of all, a funeral home! Your kids will have a blast putting the FUN back in FUNeral!

I can’t understand why the angry renters on this board aren’t throwing their flat screen TVs at this place!

]]> By: madhaus http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47723 madhaus Sat, 27 Jun 2009 03:37:38 +0000 http://www.burbed.com/?p=3629#comment-47723 I wanted to make some comments on Pralay's list of "better Sunnyvale" homes. Many of them are in my neighborhood, so I've been seeing those For Sale signs For A While. Btw I am on the mobile and can't check your links now. Devona: Is that 1997 the original purchase from the developer? Devona is a private street; the four 2-story homes were built to replace an old rancher that sat on a huge lot. I remember them being built. The old one was sold for $845K at some point after '93. Whoops! Did I mention you'll enjoy the susurrations of nearby (very nearby) CA route 85? Hollenbeck: a busy 2-lane thoroughfare with a big shopping center at Homestead and commercial sites at all corners. Just the place for young kids who love to play in traffic! The Dalles; a secondary route through the neighborhood. At least this address is near a park. And an incredibly busy daycare. The good news is none of these homes are near train tracks or power lines. I wanted to make some comments on Pralay’s list of “better Sunnyvale” homes. Many of them are in my neighborhood, so I’ve been seeing those For Sale signs For A While. Btw I am on the mobile and can’t check your links now.

Devona: Is that 1997 the original purchase from the developer? Devona is a private street; the four 2-story homes were built to replace an old rancher that sat on a huge lot. I remember them being built. The old one was sold for $845K at some point after ‘93.

Whoops! Did I mention you’ll enjoy the susurrations of nearby (very nearby) CA route 85?

Hollenbeck: a busy 2-lane thoroughfare with a big shopping center at Homestead and commercial sites at all corners. Just the place for young kids who love to play in traffic!

The Dalles; a secondary route through the neighborhood. At least this address is near a park. And an incredibly busy daycare.

The good news is none of these homes are near train tracks or power lines.

]]> By: DreamT http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47722 DreamT Sat, 27 Jun 2009 00:02:10 +0000 http://www.burbed.com/?p=3629#comment-47722 A. no it's just the flight to quality. The worse neighborhoods reasonably close to jobs bubbled disproportionally compared to the good ones. What happens to the last-choice neighborhoods gives little clue as to what will happen to the ones that remain destination neighborhoods. A. no it’s just the flight to quality. The worse neighborhoods reasonably close to jobs bubbled disproportionally compared to the good ones. What happens to the last-choice neighborhoods gives little clue as to what will happen to the ones that remain destination neighborhoods.

]]> By: A. Lewis http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47721 A. Lewis Fri, 26 Jun 2009 23:37:03 +0000 http://www.burbed.com/?p=3629#comment-47721 Just using Redfin stats for 94089, it just looks like an 'OK' neighborhood. Crime doesn't seem very high - the worst is Motor Vehicle theft, which is equal to the National Average. Schools are blah, with two elementary schools rated '5' by Great Schools (there's plenty of '2' schools in bad parts of Oakland and Richmond, so it could be worse). The income distribution seems pretty good, educational attainment is not bad. Doesn't sound like East Palo Alto to me...but I don't know the area. If it is just 'OK' (not really bad), then this tells you how collapsible the market is, and how much risk one takes buying. Just using Redfin stats for 94089, it just looks like an ‘OK’ neighborhood. Crime doesn’t seem very high – the worst is Motor Vehicle theft, which is equal to the National Average. Schools are blah, with two elementary schools rated ‘5′ by Great Schools (there’s plenty of ‘2′ schools in bad parts of Oakland and Richmond, so it could be worse).

The income distribution seems pretty good, educational attainment is not bad.

Doesn’t sound like East Palo Alto to me…but I don’t know the area.

If it is just ‘OK’ (not really bad), then this tells you how collapsible the market is, and how much risk one takes buying.

]]> By: Pralay http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47718 Pralay Fri, 26 Jun 2009 22:48:26 +0000 http://www.burbed.com/?p=3629#comment-47718 <i>I mean, how bad could it be if people would pay $670k to live there in 2005?</i> ---- Because the buyer got brainwashed by mantra <a href="http://www.burbed.com/2008/02/08/proof-that-palo-alto-is-prime-1204-per-square-foot/#comment-12805" rel="nofollow">"having something is better than having nothing at all"</a>. Therefore, he was willing to pay anything to "have something". It's better than renting in Palo Alto. I mean, how bad could it be if people would pay $670k to live there in 2005?
—-

Because the buyer got brainwashed by mantra “having something is better than having nothing at all”. Therefore, he was willing to pay anything to “have something”. It’s better than renting in Palo Alto.

]]> By: Pralay http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47717 Pralay Fri, 26 Jun 2009 22:42:01 +0000 http://www.burbed.com/?p=3629#comment-47717 Ok, let's not talk about trash-bubble anymore. Let's go to better part of Sunnyvale where some sellers are STRICTLY following "home price doubles in every 10 years" formula. <a href="http://www.redfin.com/CA/Sunnyvale/1383-Devona-Ter-94087/home/1531101" rel="nofollow">1383 Devona Ter</a>: Owner bought it in 1999 for $785K. In 2009 it go to be $1.5M!!! Therefore, seller's original listed price is $1498K. DOM 170+. <a href="http://www.redfin.com/CA/Sunnyvale/864-The-Dalles-Ave-94087/home/1438609" rel="nofollow">864 The Dalles</a>: Owner bought it in 1992 for $320K. In 2012 it should be $1.28M. Although seller listed it three years ahead, but he decided to list it in $1298K. Considering the fact that DOM is 107, it is going to stay in market till 2012 anyway. That's called long term plan (and setting the price accordingly). <a href="http://www.redfin.com/CA/Sunnyvale/529-Cherrywood-Dr-94087/home/1711340" rel="nofollow">529 Cherrywood</a>: Owner bought it for $545K in 1997. Home price doubles in every 10 years. Therefore, initial listed price $1.1M. DOM 101. <a href="http://www.redfin.com/CA/Sunnyvale/1336-Hollenbeck-Ave-94087/home/995947" rel="nofollow">1336 Hollenbeck</a>: The owner bought it in 2005 for $820K. Should have been $1M in 2009. But it is on and off from market since March 2008 (not 2009) - with long price change history. So it is little bit less. He is just giving discount to buyer. Ok, let’s not talk about trash-bubble anymore. Let’s go to better part of Sunnyvale where some sellers are STRICTLY following “home price doubles in every 10 years” formula.
1383 Devona Ter: Owner bought it in 1999 for $785K. In 2009 it go to be $1.5M!!! Therefore, seller’s original listed price is $1498K. DOM 170+.

864 The Dalles: Owner bought it in 1992 for $320K. In 2012 it should be $1.28M. Although seller listed it three years ahead, but he decided to list it in $1298K. Considering the fact that DOM is 107, it is going to stay in market till 2012 anyway. That’s called long term plan (and setting the price accordingly).

529 Cherrywood: Owner bought it for $545K in 1997. Home price doubles in every 10 years. Therefore, initial listed price $1.1M. DOM 101.

1336 Hollenbeck: The owner bought it in 2005 for $820K. Should have been $1M in 2009. But it is on and off from market since March 2008 (not 2009) – with long price change history. So it is little bit less. He is just giving discount to buyer.

]]> By: A. Lewis http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47716 A. Lewis Fri, 26 Jun 2009 22:16:32 +0000 http://www.burbed.com/?p=3629#comment-47716 oops, I meant #37...fingers wandered. oops, I meant #37…fingers wandered.

]]> By: A. Lewis http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47715 A. Lewis Fri, 26 Jun 2009 22:16:07 +0000 http://www.burbed.com/?p=3629#comment-47715 #26 - there's some love for this thread. Good postings, people. I want to jump on the bandwagon for that Sunnyvale house on Torrance Ave. Look at those price drops. That's the kind of thing I want to point out to Carl in Menlo Park - that's the kind of risk you put yourself into going homebuying. How long does it take to recover from the depreciation from $670k to $200k? How many years till you're not underwater on your loan, let alone doing better than renting? Now before I go further, can someone tell me how bad this neighborhood really is? I mean, how bad could it be if people would pay $670k to live there in 2005? #26 – there’s some love for this thread. Good postings, people.

I want to jump on the bandwagon for that Sunnyvale house on Torrance Ave. Look at those price drops.

That’s the kind of thing I want to point out to Carl in Menlo Park – that’s the kind of risk you put yourself into going homebuying.

How long does it take to recover from the depreciation from $670k to $200k? How many years till you’re not underwater on your loan, let alone doing better than renting?

Now before I go further, can someone tell me how bad this neighborhood really is? I mean, how bad could it be if people would pay $670k to live there in 2005?

]]> By: madhaus http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47711 madhaus Fri, 26 Jun 2009 21:55:36 +0000 http://www.burbed.com/?p=3629#comment-47711 Hey, where is everyone today? Don't tell me all the fun is still in Value Alto! Hey, where is everyone today? Don’t tell me all the fun is still in Value Alto!

]]> By: nomadic http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47709 nomadic Fri, 26 Jun 2009 18:53:11 +0000 http://www.burbed.com/?p=3629#comment-47709 Looks like Japan is going back down the tubes of deflation: http://latimesblogs.latimes.com/money_co/2009/06/japan-which-showed-the-world-how-awful-a-sustained-bout-of-deflation-can-be-may-be-heading-back-into-that-vortex--the-coun.html Looks like Japan is going back down the tubes of deflation:

http://latimesblogs.latimes.com/money_co/2009/06/japan-which-showed-the-world-how-awful-a-sustained-bout-of-deflation-can-be-may-be-heading-back-into-that-vortex–the-coun.html

]]> By: R http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47708 R Fri, 26 Jun 2009 18:50:48 +0000 http://www.burbed.com/?p=3629#comment-47708 "There’s nothing on the market even comparable to that. Not even in EPA, or east SJ." Yet. I agree that based on current prices, it is a good deal. However, by next year, 200k for a house like that will be the norm not the exception. “There’s nothing on the market even comparable to that. Not even in EPA, or east SJ.”

Yet.

I agree that based on current prices, it is a good deal. However, by next year, 200k for a house like that will be the norm not the exception.

]]> By: sonarrat http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47707 sonarrat Fri, 26 Jun 2009 18:30:13 +0000 http://www.burbed.com/?p=3629#comment-47707 Even for that neighborhood, $200K is nothing. That's more like what I expect to see a year from now when people realize we're still f***ed. Even for that neighborhood, $200K is nothing. That’s more like what I expect to see a year from now when people realize we’re still f***ed.

]]> By: Brian http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47706 Brian Fri, 26 Jun 2009 18:16:26 +0000 http://www.burbed.com/?p=3629#comment-47706 May not be a desirable area, but isn't 200k for a 3/2 on a 5500 sq ft lot a good deal? There's nothing on the market even comparable to that. Not even in EPA, or east SJ. And in Sunnyvale you get to send your kids to better schools than those in EPA or east SJ. The two other comparables in the neighborhood are $130,000 more. May not be a desirable area, but isn’t 200k for a 3/2 on a 5500 sq ft lot a good deal?

There’s nothing on the market even comparable to that. Not even in EPA, or east SJ. And in Sunnyvale you get to send your kids to better schools than those in EPA or east SJ.

The two other comparables in the neighborhood are $130,000 more.

]]> By: sfbubblebuyer http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47705 sfbubblebuyer Fri, 26 Jun 2009 16:38:55 +0000 http://www.burbed.com/?p=3629#comment-47705 Trash-bubble is a perfect name for it. The properties in East Menlo and East Palo Alto are hilarious to peruse. Virtually the same house will list anywhere from 190k to 580k, depending on how much crack is being smoked. Trash-bubble is a perfect name for it. The properties in East Menlo and East Palo Alto are hilarious to peruse. Virtually the same house will list anywhere from 190k to 580k, depending on how much crack is being smoked.

]]> By: anon http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47700 anon Fri, 26 Jun 2009 08:12:47 +0000 http://www.burbed.com/?p=3629#comment-47700 ah hahahaha trash-bubble no no - really - my dilapidated turd is worth nearly 3/4 of a million dollars. Really, it is ! What idiots these people are. ah hahahaha

trash-bubble

no no – really – my dilapidated turd is worth nearly 3/4 of a million dollars. Really, it is !

What idiots these people are.

]]> By: Pralay http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-47699 Pralay Fri, 26 Jun 2009 06:58:47 +0000 http://www.burbed.com/?p=3629#comment-47699 Looks like Torrance Ave was the ground-zero of trash-bubble. <a href="http://www.redfin.com/CA/Sunnyvale/1356-Torrance-Ave-94089/home/1560802" rel="nofollow">1356 Torrance</a>: 2006 sale $670K. Now listed $375K. <a href="http://www.redfin.com/CA/Sunnyvale/1367-Torrance-Ave-94089/home/1021288" rel="nofollow">1367 Torrance</a>: 2006 sale $663K. 2009 sale $386K. Looks like Torrance Ave was the ground-zero of trash-bubble.

1356 Torrance: 2006 sale $670K. Now listed $375K.
1367 Torrance: 2006 sale $663K. 2009 sale $386K.

]]>