Huge price reduction in Menlo Park, with security gates
$550,000
Beds: 3 Baths: 2 Sq. Ft.: 1,250 $/Sq. Ft.: $440 Lot Size: 5,290 Sq. Ft. Property Type: Detached Single Family Style: Ranch Stories: 1 View: Neighborhood Year Built: 1950 Community: East of U.S. 101 County: San Mateo MLS#: 80947340 Source: MLSListings Status: Active On Redfin: 115 days
What? No interior pictures? How disappointing! How will I learn what the recent upgrades were?
No matter, after all it does include security gates! Of course, one might ask why you would need them – and the answer is obvious: it’s an affordable house! Someone might just steal it!
I guess the realtor was in a hurry, as he forgot to mention the other killer aspect of the house – easy access to 101!
Tired of calling 511 to find out the traffic? No need – just look down the street! Sounds like a winner to me!
February 10th, 2010 at 7:00 am
Located next to Palo Alto. East.
February 10th, 2010 at 7:14 am
Huge price reduction of 25k and WOW thats HUGE….Stupid Realtor
February 10th, 2010 at 9:38 am
Why are all these sellers in such a hurry to sell? Don’ t they know real estate is a no lose investment? Don’t they know spring bounce is around the corner?
Maybe this was a clever ploy to list the home under market value to entice multiple bidders to bid up the price.
February 10th, 2010 at 11:39 am
It seems that Menlo Park tries to make Belle Haven habitable, but the place is a low income s-hole. Try passing over the foot/bike bridge over 101 at Ringwood and you’ll see a peculiar contrast from one side to the other.
February 10th, 2010 at 1:51 pm
Here is an article of interest:
http://www.mercurynews.com/bay-area-news/ci_14374641?source=rss
“Silicon Valley enters ‘new phase of uncertainty,’ groups warn”
Two Silicon Valley groups warn that decisive action by business, government and education is needed if the region is to retain its standing as the world’s innovation epicenter.
…
Employment is back to 2005 levels, with 90,000 jobs lost in less than two years; the influx of foreign science and engineering talent has slowed; venture capital funding has declined and there are fewer middle income wage earners in a “hollowing out of the middle.” Per capita income is down 5 percent from 2007, and the number of people working as contractors rather than full-time employees is
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rising.
February 10th, 2010 at 2:58 pm
That article has a really wacky quote that appears out of left field:
“We’re better off than Flint, Mich., but we never even thought we’d be comparing ourselves to Flint, Mich.”
WTF?
February 10th, 2010 at 4:26 pm
“We’re better off than Flint, Mich., but we never even thought we’d be comparing ourselves to Flint, Mich.”
We can’t compare ourselves to Flint, MI because the laws of economics in CA are different. In Michigan, the economy is based on the laws of supply and demand, but here, it’s based on houses, sunshine, butterflies, and puppies. Come on everyone, buy a house, it will make the rest of your lives happy and productive.
February 10th, 2010 at 5:32 pm
Re #5:
The article is definitely a “Good News” for RBA. It indicates that cleaning up of “dead woods” is almost complete in bay area. Now the management people, who are at the top of the food chain, will be able to put more focus on “innovation”. And more innovation means more bonus and higher salary, which will result in higher home price.
February 10th, 2010 at 5:35 pm
We can’t compare ourselves to Flint, MI because the laws of economics in CA are different.
—-
Of course! Unlike Flint, our RBA does not rely on the whimsical and stupid decisions of Ford or GM executives. RBA economics is run by Micky Mouse. Remember, this is Disneyland?
February 10th, 2010 at 6:52 pm
This house is probably going to be tugging at the heartstrings of some silicon valley young professional couple with kids. Love the all-concrete yard.
As far as the article, well it looks like it got moved or taken down. How dare they talk nasty about SV!
February 10th, 2010 at 7:22 pm
agreed bob. this looks like the perfect abode for a young pair of college graduate wage slave laborers.
February 10th, 2010 at 7:53 pm
>but here, it’s based on houses, sunshine, butterflies, and puppies.
And sushi!
February 10th, 2010 at 8:52 pm
#10 – bob, the article is still there. Try again. There’s an Austin reference.
February 11th, 2010 at 1:27 pm
The article is definitely a “Good News” for RBA. It indicates that cleaning up of “dead woods” is almost complete in bay area. Now the management people, who are at the top of the food chain, will be able to put more focus on “innovation”.
Won’t that impact the ‘regular tech guys’ as well?
February 11th, 2010 at 3:02 pm
Won’t that impact the ‘regular tech guys’ as well?
——
You mean “average Silicon Valley tech guys”? No, they won’t be affected. They are in “the top of the food chain”. And innovative.
February 11th, 2010 at 5:59 pm
It works now. Last time I tried it I got a ” we’re sorry but the article you’re looking for has either been moved or taken down”… or something like that.
The article is right in some ways, wrong in others. Just like Meg Whitman’s ads, the biggest problem is not the state being in a big deficit because frankly the state has been this way for years. The problem is the perception amongst families and workers in regards to stability. Mainly ( as mentioned here all the time) is the cost of housing. The article mentioned the increase in contractor/temporary work type labor. This is corrosive because in order for families to feel secure in buying what is already a very expensive house, they need to feel confident that the job they have is going to stick around. If housing prices were lower, families would probably be more willing to stick around and accept perhaps less than stellar working situations. Not when houses are still 700k. Thus they are moving elsewhere where the houses are less of a huge liability.
It mentioned Huntsville, AL, which believe it or not has more engineers per capita than anywhere else in the country. Most of it is defense, but if you read your history Silicon Valley owes much of its origins to the defense business as well. I visited 2 years ago. The airport was chock full of ads and posters for various tech, biotech, and defense related businesses. I’ve already placed my bets with Austin.
February 11th, 2010 at 5:59 pm
… what I meant to say was that Meg Whitman also cites the wrong reason why so many people are unhappy in California.
February 11th, 2010 at 7:47 pm
Here’s an article you might like, bob:
http://www.businessinsider.com/many-us-states-are-bigger-default-risks-than-europes-piigs-2010-2
February 13th, 2010 at 12:21 am
Bob,
So have you applied for a job in Huntsville?