Just had a little deja vu…
181 WOODHAMS Rd, Santa Clara, CA 95051 | MLS# 80819550
181 WOODHAMS Rd Santa Clara, CA 95051
Price: $570,000
Beds: 2
Baths: 2
Sq. Ft.: 1,240
$/Sq. Ft.: $460
Lot Size: 5,227 Sq. Ft.
Property Type: Detached Single Family
Style: Contemporary
Stories: 1
View: Neighborhood
Year Built: 1954
Community: Santa Clara
County: Santa Clara
MLS#: 80819550
Source: MLSListings
Status: Pending Without Release
On Redfin: 450 days
3/2 IN CUPERTINO SCHOOLS . WALL BETWEEN 2 BEDROOMS HAS BEEN REMOVED/ could be 3 bed. BIG OPEN COURTYARD IN FRONT OFFERS GREAT PRIVACY. Cupertino Schools , Bring all buyers . Termite and roof reports on line, “as is” sale
Thanks to Burbed reader Herve for this find!
Wow… 3/2 of this house is in Cupertino schools! Oh… wait… it means that the house used to be a 3/2.
Hey it can be restored. We have the technology!
Please bring all buyers as per the realtor’s request. And he really means ALLLLLLLL buyers. Even buyers who were looking to buy in Austin TX!
But the real reason Herve thought I should call this out was because when he looked through the pictures, he remembered this:
Neo : Woah, deja vu.
Everyone spins around to look at him.
Trinity : What did you just say?
Neo : Nothing, uh, just had a little..deja vu.
Trinity : What did you see?
Cypher : What happened?
Neo is puzzled by their interest in this.
Neo : A black cat went past us…and then another that looked just like it.
Trinity : How much like it, was it the same cat?
Neo : *shrugs* Might have been, I’m not sure.
Morpheus : Switch, Apoc!
Neo : What is it?
Trinity : A deja vu is usually a glitch in the Matrix…it happens when they change something
Uh oh! Meet your new Agent! Agent Smith!
October 9th, 2009 at 8:39 am
The property history looked a bit odd, so I checked who owns this place. WaMu REO on 9/10/08. Looks like they forgot about it (or Chase distracted them). The previous owner’s attempts to sell obviously didn’t pan out. The last refi I could find was 2005 for $525k, but there had to be a HELOC later to get the default up to $612k.
October 9th, 2009 at 10:52 am
I remember the first time I heard about that movie.
I was working at a dot com startup and this guy I worked with told me about something that changed his life 6 months before.
He said he started listening to hard rock music and his whole view of life was altered. I asked him, what made the big change?
I thought maybe he had some kind of religious experience, or he nearly died, or something like that.
But no, that wasn’t it.
He had seen the movie “The Matrix”.
It still makes me laugh when I think about it.
October 9th, 2009 at 12:15 pm
Sigh. I went and saw The Matrix then went and saw it again the next night, I actually had this whole article written for 2600 in my mind about how The Marix maps to UNIX commands but never wrote it. Of course that would be terribly dated now.
Anyway I kinda know that area, tons of car dealers and of course the glorious Woodhams shopping center. All surrounded by miles of nice, safe, comfy, subURBAN grid, as only the “there’s no ‘there’ there” south bay can do it.
October 9th, 2009 at 12:45 pm
The stock market keeps on flying. Americans’ portfolios are now recharged, and they have saved up more money in the mean time. Article says:
No downturn here!
October 9th, 2009 at 12:47 pm
Try the link here:
No downturn anytime soon
October 9th, 2009 at 12:48 pm
Damn, links here don’t seem to work. Here’s the article:
The Pessimists Are Wrong: No Downturn Anytime Soon, ECRI’s Achuthan Says
Posted Oct 09, 2009 12:30pm EDT by Peter Gorenstein in Investing, Recession
Related: ^DJI, ^GSPC, SPY, DIA, QQQQ
Think the stock market bulls are full of B.S.? You might want to rethink.
Or, more accurately, you might need an attitude adjustment. While it’s normal to be pessimistic about the future given what we’ve just lived through, it’s also wrong, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) tells Tech Ticker.
“The mistake in the emotional attitude is related to the size of the cycle,” he says, citing a favorite quote at ECRI: “The error of optimism dies in the crisis but in dying it gives birth to an error of pessimism. This new error is born, not an infant, but a giant. That giant error of pessimism is still running rampant, and will keep most people mired in gloom, long after the Great Recession is history.”
Skeptical?
It’s understandable but don’t discount him. ECRI has a proven track record at predicting recessions and recoveries.
Now, back to the stock market. Achuthan concedes stocks are an imperfect leading indicator. That being said, there’s a strong chance “we don’t have a downturn in the stock market of any significance anytime soon,” he says, citing ECRI’s 100-plus years of data on business cycles.
Still don’t believe it. That’s OK, a healthy amount of investor skepticism is actually a bullish sign for the market.
October 9th, 2009 at 12:48 pm
nice html, tech guy
October 9th, 2009 at 1:08 pm
I’m not sure what your trying to prove RE. Yes- big whoopty-doo. The stock market is up. Its fine by me because I’m invested in it and as I’ve said many times, the stock market will kick real estate’s ass down the street. Most Americans are too dumb to believe that but its true and as a result we have a lot of sickly over-leveraged people who put too much in a house instead of stocks where they could be millionaires a lot sooner.
But I digress.I assume that you post shill pieces because in a misdirected way you’re thinking this will mean that happy days are here again and everyone will be out buying houses like junk food tomorrow. Well, unfortunately it doesn’t exactly work out that way and as long as Joe the Plumber is unemployed, nobody is going to be buying houses anytime soon.
Posting unrelated articles which have nothing to do with housing is just a waste of time.
October 9th, 2009 at 1:14 pm
I remember Jim Cramer (Kramer?) calling the Dow Jones index the “presidential approval meter” since his policies in his first few days in office were clearly what was driving the Dow below 8000. Now that it’s flirting with 10,000 again, I don’t seem to hear him making this reference. Of course, the Index has nothing to do with the real economy, I’m just pointing out hypocrisy.
October 9th, 2009 at 1:20 pm
Dean Baker made the observation on Alternet recently that the economy’s doing great – as long as you don’t work for a living.
So Excretor and the rest of the trust funders are probably having a great time!
October 9th, 2009 at 1:23 pm
Bob,
Just think about the panicky posts you wrote 6 months ago. We held the exact opposite positions, and you were completely wrong. You may know how to save money, but you sure don’t know how to make it.
October 9th, 2009 at 2:21 pm
Yeah do what Excretor does, make it the old-fashioned way, get it left to you.
And there’s NO privacy, or protection from gunfire, in that nice open front “courtyard”. That area is full of houses bought by the hard-working fought-in-WWII generation and then left to their useless sons, who then went on and had not only useless but crime-prone and druggie kids.
Frankly I can’t think of a CREEPIER area.
October 9th, 2009 at 2:38 pm
RE is many, many things, but I doubt that trust-funder is one of them. Sure, he wasn’t smart enough to have an awesome job like VC or fireman, but he’s been lucky and, I suspected, worked hard. The latter has been more important for him than the former, but that doesn’t change the (likely) fact that what he has now has been earned.
October 9th, 2009 at 2:40 pm
RE,
I did not “panic”. Simply put, all I did was say exactly what was going to occur, which was that we were going to see a severe dip in the market followed by an initial pickup and then a slow rebound. I did not put any of my stocks and to date am now actually 3/4 back to where I was a year ago before this mess hit the fan. Panic means you are a dumbass and pull your money out. That’s how you lose money real fast.
You on the other hand will likely die a poor pauper because you’ve invested all your money in your house. Good luck on that my friend. I’ll laugh about you all the way to the bank.
October 9th, 2009 at 2:44 pm
btw, we’re #2: http://www.thedailybeast.com/blogs-and-stories/2009-10-04/americas-smartest-cities—from-first-to-worst/?cid=bs:archive9#
being behind Boston wouldn’t be bad, but runner-up to Raleigh-Durham is a bitter pill. so, I had to dig deeper. as it tuns out, the (mis)ranking is the result of flawed methodology. looking at non-fiction sales is brilliant, but adding voter turnout is a mistake. personally, I would have used per capita “New Yorker” subscriptions instead.
October 9th, 2009 at 2:47 pm
The stock market keeps on flying. Americans’ portfolios are now recharged, and they have saved up more money in the mean time.
—-
No need to state the obvious, RealEstater. We were “all clear for take-off” in September 2008 (not 2009), after the gas price settled and Fannie Mae/Freddie Mac problem got solved. That means we are obviously flying now. No recession here. RealEstater is right all along.
Even I saved up so much money after gas price settled that I cannot count them anymore.
October 9th, 2009 at 2:49 pm
#14 – “all the way to the bank.”
That’s if the bank doesn’t fail…
Hey am I the only person bothered by the major hijack RE did on this thread? Let’s talk Woodhams!
October 9th, 2009 at 2:52 pm
Here’s the thing. Assuming that RE is a real person and not a site gimick, then its clear that he has no game. Such a total devotion to the value of real estate means he is not diversified and counting too heavily on his home’s value. That being the case he has no actual financial game whatsoever. Home values are merely incidental and of minor importance to the overall value of your net investments for retirement because let’s face it- when you get old, whether you like it or not, you’re going to die a renter in an old folks home. Americans tend to fail to grasp this reality and don’t fully understand the importance of saving for retirement.
October 9th, 2009 at 2:54 pm
DreamT,
If all the banks fail, we’ve got bigger problems and we’ll all be in serious trouble. Unless the upcoming prime alt loan reset is as nasty as the first subprime fallout, I can’t see bank failures being a major problem. Then again… There has been talk of OPEC switching over to a different currency. If that be the case and the US dollar falls from favor… watch out.
October 9th, 2009 at 2:57 pm
steve – what made me laugh was sfgate’s take on SAN FRANCISCO-OAKLAND-SAN JOSE being #2. The article seems to start OK, but by the end of it you realize the writer was confusing Bay Area and San Francisco city all along.
(” the Board of Supervisors meetings”, “our fellow California city, Fresno”)
October 9th, 2009 at 2:58 pm
bob, I was referring only about _your_ bank, whichever it is
October 9th, 2009 at 3:04 pm
Not surprised about Raleigh. Duke is huge. It makes up the entire city of Chapel Hill. Interesting how almost all the major relocation cities also did well: Austin, Raleigh, even Nashville. Wonder where all the smart young people who don’t want to pay astronomical prices are going?
October 9th, 2009 at 3:09 pm
Bob,
Have Pralay pull up the old posts. It’s pretty obvious who was the voice of panic, and who was the voice of calm and reason.
October 9th, 2009 at 3:14 pm
and who was the voice of calm and reason.
——-
I hear the voice of used car salesman.
October 9th, 2009 at 3:21 pm
Sure, he wasn’t smart enough to have an awesome job like VC or fireman, but he’s been lucky
——
Steve,
He signed a NDS. How could he not be smart?
However, you are right. He is a hardworking guy. He is the only management class guy who stays up till 2AM to do conference call to India.
October 9th, 2009 at 3:23 pm
RE,
Like I said, I kept my investments, and in fact invested quite a bit when everyone else was running around like chickens with their heads cut off.
Something you’ve never answered and I’d like to honestly know: Are you really burbed? You seem way too convenient and cartoonish, almost always going against what everyone else on here says,which makes your character highly effective at generating drama, and I assume traffic. I’d really like to know because it all seems too convenient.
October 9th, 2009 at 3:26 pm
troll-la-la-la-lah
October 9th, 2009 at 3:29 pm
Well… if he’s just a troll, then its a special kind of troll. Like a “super troll”.
October 9th, 2009 at 3:30 pm
Bob,
If RealEsater was burbed, the features of this site would look like this.
October 9th, 2009 at 3:35 pm
Are there trolls named Roger?
October 9th, 2009 at 3:39 pm
Never seen a Roger on here.
October 9th, 2009 at 3:43 pm
Roger Troll from
UzbekistanPalo AltoOctober 9th, 2009 at 3:46 pm
Bob,
For the last time, I am not Burbed.
You’re accusing me of intentionally going against the grain, but look at the result. Who turned out to be right? From my perspective, you are the cartoonish one. The way you read the markets gets you exactly the kind of result I expect.
October 9th, 2009 at 3:51 pm
What are you talking about dude? I’ll type it again. Nice and s-l-o-w so you can absorb it. I never stopped investing, and invested throughout doomsday. Secondly, I never said the market would not recover. In fact I distinctly recall saying a market improvement would come along Feb-March.
I was off a bit, but its stupid to assume a market never recovers( I Never said that) because as you also might recall, I’ve repeated that on avg, stocks return an annual median over time of 7% while real estate returns only 4%. Its no different now, and it was the same back then. So if you want to claim that you were right and I was wrong, you can go right ahead but you’ only be living in your own little fantasy.
October 9th, 2009 at 3:53 pm
bob – that’s because you’re not on RSS
October 9th, 2009 at 5:41 pm
Bob wrote: “I’m not sure what your trying to prove RE. Yes- big whoopty-doo. The stock market is up. Its fine by me because I’m invested in it and as I’ve said many times, the stock market will kick real estate’s ass down the street.”
Good call bob. I’d like to point out 2 things:
1) Real estater has continually touted property as the superior investment while bob has maintained that the stock market is better.
2) Real estater is now trying to imply that bob has been wrong and real estater is not by citing proof that the stock market is doing well.
Awesome work real estater. You have once again proved that you are utterly inept.
October 9th, 2009 at 5:44 pm
“While it’s normal to be pessimistic about the future given what we’ve just lived through, it’s also wrong, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI)”
Even more awesome is the Economic Cycle Research Institute. Complete with their own acrynom added for credibility.
October 9th, 2009 at 7:13 pm
anon,
What are you trying to prove, that you are dumber than Bob? I have always said real estate is the best long term investment you can make, and I never wavered from that view even during the darkest hour of last year. That is not to say I am not opportunistic with respect to the stock market. When the Dow dropped like a rock, I said it was a “no brainer” to get in. Unfortunately some here don’t even have the brain to pick up free money that’s lying on the ground.
October 9th, 2009 at 7:26 pm
2) Real estater is now trying to imply that bob has been wrong and real estater is not by citing proof that the stock market is doing well.
——
Because RealEstater is hoping that the rising tide of stock market is going to lift all the boats – including overall economic condition, real estate market and of course the value of his home.
After all he is dumb who need to stay up till 2AM to make conference call to India.
October 9th, 2009 at 7:36 pm
> The stock market keeps on flying.
It’s good to see the Dow Jones reaching almost 10,000 again. Remember the first time it reached 10,000? That was in March 1999. Billions of years ago if you’re bob
October 9th, 2009 at 7:48 pm
The first 3 posts were on-topic. We’ll always have Paris.
October 9th, 2009 at 7:56 pm
“That was in March 1999. Billions of years ago if you’re bob”
Americans portfolios sure are recharged. Bigger if you’re bob.
October 9th, 2009 at 7:57 pm
“The first 3 posts were on-topic. We’ll always have Paris.”
Way to derail the convo, real trollester.
October 9th, 2009 at 8:00 pm
And it sounds like after 40 posts, you’re all burping to settle the troll feast.
October 9th, 2009 at 9:52 pm
There is a special place in heaven for those who can out troll the troll.
October 9th, 2009 at 10:23 pm
I actually had this whole article written for 2600 in my mind about how The Marix maps to UNIX commands but never wrote it
Wow. A reference to 2600. That’s ultra nerdy!
October 10th, 2009 at 2:22 am
LOL had some involvement with the PLA and built a mean redbox too. Very, very, nerdy.
Thanks God at least some of us are curable. Basketmaking, geese, manure, pickling and fermenting, understanding birds and fruit trees, that’s teh 31337 tech of teh future.