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/ 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: nomadic http://www.burbed.com/2009/06/25/5-free-tvs-with-purchase-of-los-altos-house/#comment-34874 nomadic Mon, 29 Jun 2009 17:28:57 +0000 http://www.burbed.com/?p=3629#comment-34874 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-34873 DreamT Mon, 29 Jun 2009 17:27:45 +0000 http://www.burbed.com/?p=3629#comment-34873 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-34872 A. Lewis Mon, 29 Jun 2009 17:18:42 +0000 http://www.burbed.com/?p=3629#comment-34872 #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-34871 nomadic Sat, 27 Jun 2009 05:47:21 +0000 http://www.burbed.com/?p=3629#comment-34871 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-34870 madhaus Sat, 27 Jun 2009 04:32:07 +0000 http://www.burbed.com/?p=3629#comment-34870 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-34869 madhaus Sat, 27 Jun 2009 03:37:38 +0000 http://www.burbed.com/?p=3629#comment-34869 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-34868 DreamT Sat, 27 Jun 2009 00:02:10 +0000 http://www.burbed.com/?p=3629#comment-34868 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-34867 A. Lewis Fri, 26 Jun 2009 23:37:03 +0000 http://www.burbed.com/?p=3629#comment-34867 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-34866 Pralay Fri, 26 Jun 2009 22:48:26 +0000 http://www.burbed.com/?p=3629#comment-34866 <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-34865 Pralay Fri, 26 Jun 2009 22:42:01 +0000 http://www.burbed.com/?p=3629#comment-34865 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.

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