Comments on: Silicon Valley Unemployment may be high http://www.burbed.com/2009/11/20/silicon-valley-unemployment-may-be-high/ San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog Wed, 08 Feb 2012 22:43:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Pralay http://www.burbed.com/2009/11/20/silicon-valley-unemployment-may-be-high/#comment-40271 Pralay Tue, 24 Nov 2009 06:46:43 +0000 http://www.burbed.com/?p=4495#comment-40271 <i>he said he could go up to $1M before.</i> ----- What are you saying? You are underestimating him. He could go up to <a href="http://www.burbed.com/2009/07/31/more-affordable-housing-in-san-jose/#comment-49433" rel="nofollow">$1.5M</a>. He is ready to pay up to $700K downpayment. he said he could go up to $1M before.
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What are you saying? You are underestimating him. He could go up to $1.5M.

He is ready to pay up to $700K downpayment.

]]> By: Pralay http://www.burbed.com/2009/11/20/silicon-valley-unemployment-may-be-high/#comment-40270 Pralay Tue, 24 Nov 2009 06:37:11 +0000 http://www.burbed.com/?p=4495#comment-40270 <i>With a “modest” down payment of $259k the place is yours! If it’s been on the market awhile he could probably get it for close to $1M – he said he could go up to $1M before.</i> ----- But again, there is "TOTALLY no inventory". Therefore this property at LG does not exist. When 1 or 2 (not more) properties show(s) up in market once in a blue moon - he <a href="http://www.burbed.com/2009/09/27/guide-to-neighborhoods-in-the-real-bay-area/#comment-51694" rel="nofollow">bids 5% below listed price</a> and loses (even though his "professional realtor" keeps telling him that next year price is going to be higher). - he <a href="http://www.burbed.com/2009/07/31/more-affordable-housing-in-san-jose/#comment-49433" rel="nofollow">bids 10% below listed price</a> and loses again (even though his "professional realtor" keeps telling him that demand in $1-1.5 range in good district is going to very high in future). - Next week he is going to bid 20% less than listed price (even though his "professional realtor" keeps telling him that there is TOTALLY no inventory and next year is going to tougher). With a “modest” down payment of $259k the place is yours! If it’s been on the market awhile he could probably get it for close to $1M – he said he could go up to $1M before.
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But again, there is “TOTALLY no inventory”. Therefore this property at LG does not exist. When 1 or 2 (not more) properties show(s) up in market once in a blue moon
- he bids 5% below listed price and loses (even though his “professional realtor” keeps telling him that next year price is going to be higher).
- he bids 10% below listed price and loses again (even though his “professional realtor” keeps telling him that demand in $1-1.5 range in good district is going to very high in future).
- Next week he is going to bid 20% less than listed price (even though his “professional realtor” keeps telling him that there is TOTALLY no inventory and next year is going to tougher).

]]> By: Herve Estater http://www.burbed.com/2009/11/20/silicon-valley-unemployment-may-be-high/#comment-40269 Herve Estater Tue, 24 Nov 2009 06:02:31 +0000 http://www.burbed.com/?p=4495#comment-40269 <i>> He’s approved for an $800k loan.</i> You have to understand, I'm only an amateur here ;-) > He’s approved for an $800k loan.

You have to understand, I’m only an amateur here ;-)

]]> By: no estater http://www.burbed.com/2009/11/20/silicon-valley-unemployment-may-be-high/#comment-40268 no estater Tue, 24 Nov 2009 05:53:46 +0000 http://www.burbed.com/?p=4495#comment-40268 He's approved for an $800k <i>loan</i>. With a "modest" down payment of $259k the place is yours! If it's been on the market awhile he could probably get it for close to $1M - he said he could go up to $1M before. He’s approved for an $800k loan. With a “modest” down payment of $259k the place is yours! If it’s been on the market awhile he could probably get it for close to $1M – he said he could go up to $1M before.

]]> By: Pralay http://www.burbed.com/2009/11/20/silicon-valley-unemployment-may-be-high/#comment-40267 Pralay Tue, 24 Nov 2009 04:59:20 +0000 http://www.burbed.com/?p=4495#comment-40267 And don't forget <i>next year</i> is going to be tougher. Price will be higher. Don't get priced out forever. Hurry up! Buy! Predicted by <a href="http://www.burbed.com/2009/11/13/this-2-million-dollar-house-is-great-for-ants/#comment-53121" rel="nofollow">"professional realtor"</a>. Stay tuned for SV Shopper's next weekend update saying that <i>next year</i> is going to be real real real tough -- with negative inventory. And he is going to lose another bid (and RealEstater another too). And don’t forget next year is going to be tougher. Price will be higher. Don’t get priced out forever. Hurry up! Buy!

Predicted by “professional realtor”.

Stay tuned for SV Shopper’s next weekend update saying that next year is going to be real real real tough — with negative inventory. And he is going to lose another bid (and RealEstater another too).

]]> By: Pralay http://www.burbed.com/2009/11/20/silicon-valley-unemployment-may-be-high/#comment-40266 Pralay Tue, 24 Nov 2009 04:45:08 +0000 http://www.burbed.com/?p=4495#comment-40266 But again, SiO2 effort is waste of time. Alias SV Shopper comes to Burbed every weekend and tells us that there is no inventory (and he just lost another bid). But again, SiO2 effort is waste of time. Alias SV Shopper comes to Burbed every weekend and tells us that there is no inventory (and he just lost another bid).

]]> By: Pralay http://www.burbed.com/2009/11/20/silicon-valley-unemployment-may-be-high/#comment-40265 Pralay Tue, 24 Nov 2009 04:43:16 +0000 http://www.burbed.com/?p=4495#comment-40265 I don't see any problem. Home price always go up in RBA. Higher the price you pay, bigger the profit. I don’t see any problem. Home price always go up in RBA. Higher the price you pay, bigger the profit.

]]> By: Herve Estater http://www.burbed.com/2009/11/20/silicon-valley-unemployment-may-be-high/#comment-40264 Herve Estater Tue, 24 Nov 2009 04:26:20 +0000 http://www.burbed.com/?p=4495#comment-40264 The guy is pre-approved for $800K and you're already pushing a $1,059,000 property... You would make a great realtor! :-) The guy is pre-approved for $800K and you’re already pushing a $1,059,000 property… You would make a great realtor! :-)

]]> By: SiO2 http://www.burbed.com/2009/11/20/silicon-valley-unemployment-may-be-high/#comment-40263 SiO2 Tue, 24 Nov 2009 02:05:01 +0000 http://www.burbed.com/?p=4495#comment-40263 SV Shopper, check out 16627 Camellia Terrace in LG. $1.059 for 1800 sqft 3/2. That's a nice neighborhood with LG schools. Very convenient location too, walking distance to shopping. Probably you will know if you prefer LG or Cupertino schools. They are both well regarded, but they are certainly different. The other angle to check out is Mtn View with Los Altos school district. Cheaper than Los Altos but still nice. Probably more expensive than Cupertino or West San Jose however. SV Shopper, check out 16627 Camellia Terrace in LG. $1.059 for 1800 sqft 3/2. That’s a nice neighborhood with LG schools. Very convenient location too, walking distance to shopping.

Probably you will know if you prefer LG or Cupertino schools. They are both well regarded, but they are certainly different.

The other angle to check out is Mtn View with Los Altos school district. Cheaper than Los Altos but still nice. Probably more expensive than Cupertino or West San Jose however.

]]> By: Pralay http://www.burbed.com/2009/11/20/silicon-valley-unemployment-may-be-high/#comment-40262 Pralay Mon, 23 Nov 2009 18:47:41 +0000 http://www.burbed.com/?p=4495#comment-40262 <i>You can help a lot by not helping.</i> ---- Don't be so heartless RealEstater. You are the role model of helping those who <a href="http://www.burbed.com/2008/06/26/rear-unit-not-included-in-sqft-campbell/#comment-20344" rel="nofollow">"need most help"</a>. You can help a lot by not helping.
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Don’t be so heartless RealEstater. You are the role model of helping those who “need most help”.

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