Comments on: The best, most important, Redwood City house ever http://www.burbed.com/2009/09/10/the-best-most-important-redwood-city-house-ever/ 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: bob http://www.burbed.com/2009/09/10/the-best-most-important-redwood-city-house-ever/#comment-37631 bob Fri, 11 Sep 2009 20:02:24 +0000 http://www.burbed.com/?p=3985#comment-37631 Atlanta's pretty big now. I had last visited it 14 years ago when I was looking at colleges. I went back recently and it was like there was 50% more city. That and they have this huge aquarium with several whale sharks in tanks the size of a couple of football fields. Atlanta’s pretty big now. I had last visited it 14 years ago when I was looking at colleges. I went back recently and it was like there was 50% more city. That and they have this huge aquarium with several whale sharks in tanks the size of a couple of football fields.

]]> By: nomadic http://www.burbed.com/2009/09/10/the-best-most-important-redwood-city-house-ever/#comment-37630 nomadic Fri, 11 Sep 2009 19:56:21 +0000 http://www.burbed.com/?p=3985#comment-37630 Median in Atlanta: $200,000 http://www.housingtracker.net/asking-prices/atlanta-georgia Look at today's post, bob. A family could afford the $275k price of that place. It's even newer than your Atlanta foreclosure. Median in Atlanta: $200,000
http://www.housingtracker.net/asking-prices/atlanta-georgia

Look at today’s post, bob. A family could afford the $275k price of that place. It’s even newer than your Atlanta foreclosure.

]]> By: bob http://www.burbed.com/2009/09/10/the-best-most-important-redwood-city-house-ever/#comment-37629 bob Fri, 11 Sep 2009 19:40:12 +0000 http://www.burbed.com/?p=3985#comment-37629 73K is pretty good in Atlanta. The median seems to hover around 150-200k. Homes near my parents in TN sell for 150k or so as well. I looked at this house again. Its a foreclosed property. If you look at this way, let's say that you worked at Wal-Mart making $8 an hour. Your take home pay would probably be around $265 a week, or $1,100 a month. Assume that the husband or wife also works at some Joe job, pulling in the same. Thus an income of $2,200 a month. The payments on this house assuming no down payment would be $475. Not sure what insurance would be in the area, but assume its like my parents and sits around $1,500 per year followed by around $1,200 annual property tax. So add another $225 a month. Total payments= $675 a month leaving $1,500 a month leftover. That's enough to either buy a lot of food, have at least a halfway decent new car ( like a Camry or something) and maybe save a bit for retirement. So there you go. A family working at crappy jobs at Wal-Mart or target making minimum wage could afford to buy a house in Atlanta and actually live pretty decent lives. In the BA? Forget it. That's the difference. 73K is pretty good in Atlanta. The median seems to hover around 150-200k. Homes near my parents in TN sell for 150k or so as well. I looked at this house again. Its a foreclosed property. If you look at this way, let’s say that you worked at Wal-Mart making $8 an hour. Your take home pay would probably be around $265 a week, or $1,100 a month. Assume that the husband or wife also works at some Joe job, pulling in the same. Thus an income of $2,200 a month.

The payments on this house assuming no down payment would be $475. Not sure what insurance would be in the area, but assume its like my parents and sits around $1,500 per year followed by around $1,200 annual property tax. So add another $225 a month. Total payments= $675 a month leaving $1,500 a month leftover. That’s enough to either buy a lot of food, have at least a halfway decent new car ( like a Camry or something) and maybe save a bit for retirement.

So there you go. A family working at crappy jobs at Wal-Mart or target making minimum wage could afford to buy a house in Atlanta and actually live pretty decent lives.

In the BA? Forget it. That’s the difference.

]]> By: nomadic http://www.burbed.com/2009/09/10/the-best-most-important-redwood-city-house-ever/#comment-37628 nomadic Fri, 11 Sep 2009 17:10:52 +0000 http://www.burbed.com/?p=3985#comment-37628 Yes it is, A. Current (7/09) national median home price is $210,100. I'm pretty sure you couldn't rebuild that house for $73k, even if you got used/salvaged fixtures. Yes it is, A. Current (7/09) national median home price is $210,100. I’m pretty sure you couldn’t rebuild that house for $73k, even if you got used/salvaged fixtures.

]]> By: A. Lewis http://www.burbed.com/2009/09/10/the-best-most-important-redwood-city-house-ever/#comment-37627 A. Lewis Fri, 11 Sep 2009 17:01:56 +0000 http://www.burbed.com/?p=3985#comment-37627 #12 - $73k is not freakishly cheap. That's the annual salary, or near it, of a whole lot of people. A year's salary is not a pittance. You're just so used to BA inflated home prices it seems freakishly cheap. It's just a little cheap, due to foreclosure activity. #12 – $73k is not freakishly cheap. That’s the annual salary, or near it, of a whole lot of people.

A year’s salary is not a pittance. You’re just so used to BA inflated home prices it seems freakishly cheap.

It’s just a little cheap, due to foreclosure activity.

]]> By: karen http://www.burbed.com/2009/09/10/the-best-most-important-redwood-city-house-ever/#comment-37626 karen Fri, 11 Sep 2009 04:48:53 +0000 http://www.burbed.com/?p=3985#comment-37626 That house looks like an ugly condo complex. Ick. That house looks like an ugly condo complex. Ick.

]]> By: Herve Estater http://www.burbed.com/2009/09/10/the-best-most-important-redwood-city-house-ever/#comment-37625 Herve Estater Fri, 11 Sep 2009 04:11:12 +0000 http://www.burbed.com/?p=3985#comment-37625 <i>> Total price for the Atlanta house: $73,000</i> <Real Estater>I wouldn't want to live in a house cheaper than my car.</Real Estater> > Total price for the Atlanta house: $73,000

<Real Estater>I wouldn’t want to live in a house cheaper than my car.</Real Estater>

]]> By: Herve Estater http://www.burbed.com/2009/09/10/the-best-most-important-redwood-city-house-ever/#comment-37624 Herve Estater Fri, 11 Sep 2009 03:51:33 +0000 http://www.burbed.com/?p=3985#comment-37624 <i>> Can you think of other adjectives that this house is missing?</i> Yes, <a href="http://www.edhat.com/site/tidbit.cfm?id=375" rel="nofollow">I can</a>. > Can you think of other adjectives that this house is missing?

Yes, I can.

]]> By: SiO2 http://www.burbed.com/2009/09/10/the-best-most-important-redwood-city-house-ever/#comment-37623 SiO2 Fri, 11 Sep 2009 00:19:27 +0000 http://www.burbed.com/?p=3985#comment-37623 Bob says, "What’s interesting about the traffic comment in Atlanta is that I was there recently. Locals would say things like: “Oh the traffic is awful.” But the thing is that from my perspective it wasn’t any worse than it is in the Bay Area." to be fair, Bob has a pretty long commute. So from his perspective it may be the same as bay area, from mine, probably not. Nonetheless, $73k is freakishly cheap for something one could actually live in. Bob says,

“What’s interesting about the traffic comment in Atlanta is that I was there recently. Locals would say things like: “Oh the traffic is awful.” But the thing is that from my perspective it wasn’t any worse than it is in the Bay Area.”

to be fair, Bob has a pretty long commute. So from his perspective it may be the same as bay area, from mine, probably not.

Nonetheless, $73k is freakishly cheap for something one could actually live in.

]]> By: Pralay http://www.burbed.com/2009/09/10/the-best-most-important-redwood-city-house-ever/#comment-37622 Pralay Thu, 10 Sep 2009 20:26:47 +0000 http://www.burbed.com/?p=3985#comment-37622 <i>large master suite w/ stunning bath</i> ----- What is exactly "stunning bath"? With beautiful naked girls? large master suite w/ stunning bath
—–

What is exactly “stunning bath”? With beautiful naked girls?

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