Comments on: Own a piece of El Camino real http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/ San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog Wed, 08 Feb 2012 05:57:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: * http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41443 * Tue, 18 Oct 2011 03:43:58 +0000 http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41443 now $350k! now $350k!

]]> By: nomadic http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41442 nomadic Wed, 27 Jan 2010 16:48:20 +0000 http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41442 Comprehension problems? Or did you only read the last paragraph with a builder's hopeful words? <i>Only 374,000 homes were sold last year, down 23 percent from a year earlier and the weakest year on records dating back to 1963. December's sales were nearly 9 percent below the same month last year. This year, the National Association of Homebuilders is forecasting more than 500,000 sales. Even if that happens, "it hardly makes you ecstatic," said Bernard Markstein, senior economist at the trade group, noting that the industry clocked more than 1 million sales a year from 2003 through 2006 Home sales have had a rocky recovery from their four-year slide. December's sales pace for new homes was up 4 percent from the bottom in January 2009, but down 75 percent from the peak in July 2005.</i> Comprehension problems? Or did you only read the last paragraph with a builder’s hopeful words?

Only 374,000 homes were sold last year, down 23 percent from a year earlier and the weakest year on records dating back to 1963. December’s sales were nearly 9 percent below the same month last year. This year, the National Association of Homebuilders is forecasting more than 500,000 sales.

Even if that happens, “it hardly makes you ecstatic,” said Bernard Markstein, senior economist at the trade group, noting that the industry clocked more than 1 million sales a year from 2003 through 2006

Home sales have had a rocky recovery from their four-year slide. December’s sales pace for new homes was up 4 percent from the bottom in January 2009, but down 75 percent from the peak in July 2005.

]]> By: Real Estater http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41441 Real Estater Wed, 27 Jan 2010 07:26:25 +0000 http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41441 <a href="http://finance.yahoo.com/news/New-home-sales-likely-rose-in-apf-2977071658.html?x=0&sec=topStories&pos=3&asset=&ccode=" rel="nofollow">New home sales picking up</a> New home sales picking up

]]> By: Herve Estater http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41440 Herve Estater Wed, 27 Jan 2010 07:15:40 +0000 http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41440 <i>> Its like paying $100,000 for a 98′ Camry.</i> In light of today's events, I would say it's like paying $200K for a Saab thinking it's going to be just like a Spyker. > Its like paying $100,000 for a 98′ Camry.

In light of today’s events, I would say it’s like paying $200K for a Saab thinking it’s going to be just like a Spyker.

]]> By: Real Estater http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41439 Real Estater Wed, 27 Jan 2010 06:43:59 +0000 http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41439 >>Get real. Its like paying $100,000 for a 98′ Camry. No, it's like paying $100K for an entry level Ferrari. That is indeed a bargain, when you consider a Ferrari is supposed to cost $200K or more. >>Get real. Its like paying $100,000 for a 98′ Camry.

No, it’s like paying $100K for an entry level Ferrari. That is indeed a bargain, when you consider a Ferrari is supposed to cost $200K or more.

]]> By: anon http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41438 anon Wed, 27 Jan 2010 05:47:37 +0000 http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41438 It is an idiotic thing to do. Unfortunately there are enough idiots in this world that one of them may do it. Real Estater: could this be the investment opportunity you've been waiting for? It is an idiotic thing to do.

Unfortunately there are enough idiots in this world that one of them may do it.

Real Estater: could this be the investment opportunity you’ve been waiting for?

]]> By: bob http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41437 bob Wed, 27 Jan 2010 05:41:44 +0000 http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41437 DreamT, I'm clueless about what you're talking about. But I digress. Some of you (RE) seem to fully agree and are nodding in agreement over the price as being reasonable. Stop living in a vacuum. Its a million dollars for a small piece of land. Get real. Its like paying $100,000 for a 98' Camry. DreamT,
I’m clueless about what you’re talking about.

But I digress. Some of you (RE) seem to fully agree and are nodding in agreement over the price as being reasonable. Stop living in a vacuum. Its a million dollars for a small piece of land. Get real. Its like paying $100,000 for a 98′ Camry.

]]> By: nomadic http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41436 nomadic Tue, 26 Jan 2010 16:43:53 +0000 http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41436 Palo Alto definitely benefited from the sale of the house in #15. Their tax revenue will be 10x what the previous owner was paying. Palo Alto definitely benefited from the sale of the house in #15. Their tax revenue will be 10x what the previous owner was paying.

]]> By: SmilingCat http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41435 SmilingCat Tue, 26 Jan 2010 08:10:11 +0000 http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41435 Credit terrorist sounds fun, but I'd not know how to do it. If the guy's $100k in the hole, it doesn't sound like he knows how to do it either. Credit terrorist sounds fun, but I’d not know how to do it. If the guy’s $100k in the hole, it doesn’t sound like he knows how to do it either.

]]> By: Real Estater http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41434 Real Estater Tue, 26 Jan 2010 07:08:08 +0000 http://www.burbed.com/2010/01/25/own-a-piece-of-el-camino-real/#comment-41434 Thanks nomadic. The house is not that small. At just under 1400 sq. ft., it's a livable house. Based on valuation by Zillow, the owner is already making money. The house is located in the College Terrace Neighborhood, which goes to <a href="http://www.greatschools.org/school/rating.page?id=5615&state=CA" rel="nofollow">Nixon School</a> with API score of 955. Thanks nomadic.

The house is not that small. At just under 1400 sq. ft., it’s a livable house. Based on valuation by Zillow, the owner is already making money. The house is located in the College Terrace Neighborhood, which goes to Nixon School with API score of 955.

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