Comments on: Flash from the past: Silicon Valley’s New Record Home Price — $750,000 http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/ SF Bay Area Real Estate, Home Price and Mortgage Insanity Blog - Burbed.com Mon, 15 Mar 2010 16:32:32 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Pralay http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48173 Pralay Tue, 07 Jul 2009 08:15:51 +0000 http://www.burbed.com/?p=3594#comment-48173 <i>How about you start by answering all points on #10?</i> ------ He answered everything <b>in past</b>. How about you start by answering all points on #10?
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He answered everything in past.

]]> By: Pralay http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48172 Pralay Tue, 07 Jul 2009 08:04:50 +0000 http://www.burbed.com/?p=3594#comment-48172 <i>Aren’t you giving yourself too much credit?</i> ----- LOL! :) Aren’t you giving yourself too much credit?
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LOL! :)

]]> By: DreamT http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48169 DreamT Tue, 07 Jul 2009 06:30:57 +0000 http://www.burbed.com/?p=3594#comment-48169 RE - Agreeing with your position? Aren't you giving yourself too much credit? This might work with your manager, but you'll have to do better on burbed. How about you start by answering all points on #10? RE – Agreeing with your position? Aren’t you giving yourself too much credit? This might work with your manager, but you’ll have to do better on burbed. How about you start by answering all points on #10?

]]> By: Real Estater http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48163 Real Estater Tue, 07 Jul 2009 04:17:52 +0000 http://www.burbed.com/?p=3594#comment-48163 Pralay, Have you found that <b>one</b> house yet? Are you ready for your neighborhood report next month? Pralay,

Have you found that one house yet?

Are you ready for your neighborhood report next month?

]]> By: Real Estater http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48162 Real Estater Tue, 07 Jul 2009 04:16:18 +0000 http://www.burbed.com/?p=3594#comment-48162 DreamT, Why argue for argument's sake? You already admitted several times that you agree with my position. In other words, you're just trying to fool the rentards. That's trolling if you ask me. DreamT,

Why argue for argument’s sake? You already admitted several times that you agree with my position. In other words, you’re just trying to fool the rentards. That’s trolling if you ask me.

]]> By: nomadic http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48128 nomadic Mon, 06 Jul 2009 15:51:23 +0000 http://www.burbed.com/?p=3594#comment-48128 <i>We’re into July already, and predictions of RBA crash never materialized.</i> Gentlemen, the window has closed. Any crash submitted after June 30, 2009 will not be accepted. We’re into July already, and predictions of RBA crash never materialized.

Gentlemen, the window has closed. Any crash submitted after June 30, 2009 will not be accepted.

]]> By: Pralay http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48121 Pralay Mon, 06 Jul 2009 07:40:12 +0000 http://www.burbed.com/?p=3594#comment-48121 <i>“you’d be hard pressed to find any property” => if you find one, it’s just that you were hard pressed, not that RealEstater was wrong!</i> ----- And if you find a property, it got to be located underneath invisible powerlines or on busy streets. “you’d be hard pressed to find any property” => if you find one, it’s just that you were hard pressed, not that RealEstater was wrong!
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And if you find a property, it got to be located underneath invisible powerlines or on busy streets.

]]> By: Pralay http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48120 Pralay Mon, 06 Jul 2009 07:38:33 +0000 http://www.burbed.com/?p=3594#comment-48120 <i>“any of the key RBA zip codes” => better than Real RBA zip codes, introducing Key RBA zip codes!</i> ------ LOL! I overlooked that <b>key</b> part. Yes, <b>key</b> RBA zipcodes. And <b>key</b> zipcodes have <b>key</b> properties. And rest of the properties (which are not <b>key</b> properties in <b>key</b> RBA zipcodes) have issues - like powerline, busy street, in crowded school district, don't have prestige etc. “any of the key RBA zip codes” => better than Real RBA zip codes, introducing Key RBA zip codes!
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LOL! I overlooked that key part. Yes, key RBA zipcodes. And key zipcodes have key properties. And rest of the properties (which are not key properties in key RBA zipcodes) have issues – like powerline, busy street, in crowded school district, don’t have prestige etc.

]]> By: DreamT http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48118 DreamT Mon, 06 Jul 2009 07:24:40 +0000 http://www.burbed.com/?p=3594#comment-48118 Pralay, it just looks like a consummate troll to me: "The jury is in" => but what mysterious sources does the jury consist of? "predictions of RBA crash never materialized" => but where are the supporting figures? "any of the key RBA zip codes" => better than Real RBA zip codes, introducing <b>Key</b> RBA zip codes! "you’d be hard pressed to find any property" => if you find one, it's just that you were hard pressed, not that RealEstater was wrong! "selling at discounted prices." => because discounts (i.e. price reductions) NEVER HAPPEN IN THE BAY AREA! AH AH AH!!! Pralay, it just looks like a consummate troll to me:

“The jury is in” => but what mysterious sources does the jury consist of?

“predictions of RBA crash never materialized” => but where are the supporting figures?

“any of the key RBA zip codes” => better than Real RBA zip codes, introducing Key RBA zip codes!

“you’d be hard pressed to find any property” => if you find one, it’s just that you were hard pressed, not that RealEstater was wrong!

“selling at discounted prices.” => because discounts (i.e. price reductions) NEVER HAPPEN IN THE BAY AREA! AH AH AH!!!

]]> By: Pralay http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48117 Pralay Mon, 06 Jul 2009 07:23:16 +0000 http://www.burbed.com/?p=3594#comment-48117 <i>RE’s soulmates:</i> ----- nomadic, Are they average tech guys too? RE’s soulmates:
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nomadic,
Are they average tech guys too?

]]> By: Pralay http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48116 Pralay Mon, 06 Jul 2009 07:18:13 +0000 http://www.burbed.com/?p=3594#comment-48116 <i>Whenever a house is listed at an attractive price, it gets snatched up right away. </i> ---- Operative word is "attractive price". It does not mean discounted price. For example, steve showed us <a href="http://www.burbed.com/2009/07/02/housing-now-beyond-affordable-in-redwood-city/#comment-48051" rel="nofollow">this RBA property</a> on last Thrusday. That wasn't listed with "attractive price". That's why the seller had to give $150K discount. But wait a minute, it's July. RealEstater should be talking about SP/LP of Spring season - just like he did <a href="http://www.burbed.com/2008/05/05/like-blood-from-a-turnip-free-house-in-los-altos/#comment-17101" rel="nofollow">last year</a> and continued it till <a href="http://www.burbed.com/2008/10/29/some-comments-from-madhaus/#comment-30309" rel="nofollow">November</a>. Afterall, overbidding is everywhere in RBA. Hmmmm, it seems 2009 is lot different from 2008. Whenever a house is listed at an attractive price, it gets snatched up right away.
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Operative word is “attractive price”. It does not mean discounted price. For example, steve showed us this RBA property on last Thrusday. That wasn’t listed with “attractive price”. That’s why the seller had to give $150K discount.

But wait a minute, it’s July. RealEstater should be talking about SP/LP of Spring season – just like he did last year and continued it till November. Afterall, overbidding is everywhere in RBA.

Hmmmm, it seems 2009 is lot different from 2008.

]]> By: Real Estater http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48115 Real Estater Mon, 06 Jul 2009 06:02:21 +0000 http://www.burbed.com/?p=3594#comment-48115 Guys, The jury is in. We're into July already, and predictions of RBA crash never materialized. Go check any of the key RBA zip codes, and you'd be hard pressed to find any property selling at discounted prices. With the economy recovering, a crash is just not going to happen. Whenever a house is listed at an attractive price, it gets snatched up right away. This market has low tolerance for value pricing. Guys,

The jury is in. We’re into July already, and predictions of RBA crash never materialized. Go check any of the key RBA zip codes, and you’d be hard pressed to find any property selling at discounted prices. With the economy recovering, a crash is just not going to happen. Whenever a house is listed at an attractive price, it gets snatched up right away. This market has low tolerance for value pricing.

]]> By: Anon http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48114 Anon Mon, 06 Jul 2009 05:26:12 +0000 http://www.burbed.com/?p=3594#comment-48114 Always. Just like Detroit. Always. Just like Detroit.

]]> By: nomadic http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48113 nomadic Mon, 06 Jul 2009 04:58:10 +0000 http://www.burbed.com/?p=3594#comment-48113 RE's soulmates: <i>"I don't agree it's a bubble that's going to burst, but I can't see this rate of appreciation continuing. Entry level housing in the 750,000 range? That's scary. Even our affordable condo prices are scary," said Badagliacco. At whatever pressure prices rise or fall, says Bob Moles, chairman of Intero Real Estate Services, the Silicon Valley market will always be an attractive home buying market. </i> RE’s soulmates:

“I don’t agree it’s a bubble that’s going to burst, but I can’t see this rate of appreciation continuing. Entry level housing in the 750,000 range? That’s scary. Even our affordable condo prices are scary,” said Badagliacco.

At whatever pressure prices rise or fall, says Bob Moles, chairman of Intero Real Estate Services, the Silicon Valley market will always be an attractive home buying market.

]]> By: Alex http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48112 Alex Mon, 06 Jul 2009 03:41:17 +0000 http://www.burbed.com/?p=3594#comment-48112 damn. for a second there, i started hyperventilating, thinking the bubble is back. =( damn. for a second there, i started hyperventilating, thinking the bubble is back. =(

]]> By: zanon http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48110 zanon Mon, 06 Jul 2009 03:04:00 +0000 http://www.burbed.com/?p=3594#comment-48110 That was from 2005. If you put $0 down and bought then, you'd still be up about $250K. Those who waited for the bubble to pop in 2009 are still waiting. The "craziness" continues for the RBA. That was from 2005. If you put $0 down and bought then, you’d still be up about $250K. Those who waited for the bubble to pop in 2009 are still waiting. The “craziness” continues for the RBA.

]]> By: Tyrone http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48106 Tyrone Sun, 05 Jul 2009 15:00:40 +0000 http://www.burbed.com/?p=3594#comment-48106 . <i>“It’s crazy,” says Mark Burns, a Coldwell Banker agent in Cupertino.</i> Translation: It's a hyperinflating housing bubble. . .
“It’s crazy,” says Mark Burns, a Coldwell Banker agent in Cupertino.

Translation:
It’s a hyperinflating housing bubble.
.

]]> By: BobbyS http://www.burbed.com/2009/07/05/flash-from-the-past-silicon-valleys-new-record-home-price-750000/#comment-48105 BobbyS Sun, 05 Jul 2009 14:50:33 +0000 http://www.burbed.com/?p=3594#comment-48105 You get what you pay for. In this case, had you bought near the peak, you'd get grief for paying those high prices. You get what you pay for. In this case, had you bought near the peak, you’d get grief for paying those high prices.

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