September 20, 2010

A perfect house for Asians who luv 2 txt

114 HOBART Ave San Mateo, CA 94402

$649,888

image

Beds: 2
Baths: 1.5
Sq. Ft.: 1,330
$/Sq. Ft.: $489
Lot Size: -
Property Type: Townhouse
Style: Contemporary
Stories: 1-3 (Low Rise)
View: Neighborhood
Year Built: 1977
Community: Aragon
County: San Mateo
MLS#: 81043938
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 1 day
New Listing (24 hours)

STUNNIG!Totally remodeled w/ nothing but the very best. U have 2 c it 2 believe it. Rare TOWN HOUSE In Baywood Scools. Fabulous Hom w/ designer touches. Custom H/WFLOORS downstairs & Custom carpeting upstairs. Remodeled Kitchen w/ Nu Cabinetry, Granite C. Tops, S/Steel Appliances. 2 many upgrades to list. U will be PROUD 2 show. Laundry Area inside, 2 Car parking, 6 units only. Escrow:1st. American, Burlingame

Thanks to Burbed reader Jeff for this find!

This is a perfect house for Asians who luv 2 txt. Look, it ends with 888! That means it is Asian friendly. Look, it uses phrases like “u have 2 c it 2 believe it”! That means it is friendly for texters.

Look, the community is called Aragon – LOTR fans where are  you?

Without a doubt, this is the very best you can get for $489 per square foot. Just look at the pictures… err… picture.

I’m not sure what you’re waiting for… oh, you’re not a txting 8zn that luvs lotr? uh… well… how about your co-workers then?

Comments (68) -- Posted by: burbed @ 5:09 am

68 Responses to “A perfect house for Asians who luv 2 txt”

  1. nomadic Says:

    Cool, it looks like the driveway goes under and through each of the three units to the back of the property.

  2. A. Lewis Says:

    Aragorn, son of Arathorn was a King of Men in LOTR. Aragon is just another overpriced suburb. What a difference an ‘r’ makes!

  3. maryjane Says:

    STUNNIG! OK, you’ve caught my attention

    Custom H/WFLOORS and Custom carpeting.
    def: Customization, anything made or modified to personal taste.
    So why should I care about them. They’re only *custom* to the seller, not to the buyer. Don’t expect me to pay for your lousy taste.

    2 many upgrades to list – Well why don’t U give it a try?

    Fabulous Hom w/ designer touches. I hope the designer (and could you give us his name please) was able to complete things and not miss those little details that are so important.

    Shouldn’t summer internships be over by now? Time to go back to school to work on our writing skills. Listing a house via iPhone probably isn’t as valuable a skill as you might suspect.

  4. maryjane Says:

    OK – maybe I was too harsh. Samir was probably listing via iPhone because it’s a starter townhouse – something suitable for the entry level market of 21-25 year olds. Of course that’s the way to attract that group. If I had looked at that starter price it would have been obvious.

  5. SEA Says:

    “…something suitable for the entry level market of 21-25 year olds. ”

    The ones only making $90,000+ per year?

  6. aa Says:

    No, the ones making 200k+ per year.

    Don’t buy a house for more than 3X income.

  7. maryjane Says:

    The ones making $90,000+ per year – you know, the low end crowd. They can afford this because $649,888 is only a little bit more than not a lot of money and they can always get help from family and use their savings until they get their next bonus.

  8. madhaus Says:

    If this house is being marketed to postliterate 21-25 year olds, agent blew a marketing opportunity. Throw in a cheap home network with wireless router and advertise the place as Web 3.0 compatible. People who spend all their time texting won’t (heck, they can’t) do the math and figure a couple hundred bucks of equipment doesn’t justify signing themselves into debt slavery.

  9. SEA Says:

    aa- Three times $200k = $600k, which is below the required $650k, and we know that if you wait, the price will definitely be higher in the near future.

    Keeping price to income to a ratio of 2, you’d only need to earn $325k/year. But that’s not the RBA way. The RBA way is to pay as much interest as possible on an interest only loan so that you pay as little Federal income taxes as possible.

    I find it very funny how people living in and around the RBA complain about the $3 price of a gallon of gas. Of course free is the best, but even if I don’t really care what the price of a gallon of gas is, let me thank all of you who drive those efficient vehicles, it keeps the price low when I go fill up my 18 gallon tank, which even at $5 per gallon costs less than $100.

  10. nomadic Says:

    SEA, the difference is that paying a $5k/month mortgage is an investment whereas paying $3/gallon for gas is an expense. Not only that, it’s an investment paid monthly and gas is a hassle roughly every week. ;-)

  11. SEA Says:

    Unlike owning a house, I thought driving the right vehicle gave an immediate return on investment.

  12. anon Says:

    What a great listing.

    More proof that houses continue to be the poor man’s investment.

  13. Real Estater Says:

    Good news! Market up over 145. S&P at 4 month high. What Double Dip?

  14. nomadic Says:

    RE, you’re as predictable as Lindsay Lohan going back to rehab.

  15. Real Creator of Craiglist Says:

    We’re all clear for take-off.
    The stock market has nowhere to go but up.

  16. Real Creator of Craiglist Says:

    What Double Dip?
    —-

    We’re all clear for take-off.

  17. bob Says:

    Good news! Market up over 145. S&P at 4 month high. What Double Dip?

    Yes. Good news. The market is up and I have a 401k, 2 mutual funds, and bonds, etc so yay for me. But then again this has nothing to do with the housing market nor does it necessarily indicate that your house is going to go up in value tomorrow.

  18. maryjane Says:

    RE is right. The recession is officially over, the market is up and everything is only going to get better from now on. It might be time for a re-fi of the old homestead and time for a vacation or a new Porsche or two. Good Times!!!

  19. DreamT Says:

    Recession is definitely over – in this La Jolla conference, everybody’s running like headless chickens trying to figure out how to spend their money to out-invest the competition. It’s a joyous sight – as I type this (teary-eyed) I realize that had I $500 bills in my pockets, I’d gleefully throw them at the vendors like everybody else. Forgive me for not sharing pictures, but there’s something slightly pornographic about the whole scene – not suitable for our esteemed materialistic contributor.

  20. AnotherGenericAlex Says:

    O tnk god U sed it – Azns who luv 2 txt.

    I’m surprised this isn’t in Mountain View, Ground Zero for Azns who luv to txt. And not luk wher they going. Walking down Castro Street on a weekend is like Bowling For Asians, er, Azns, who luv to txt.

    The 3x earnings rule is sooooooo old-fashioned. If BA/RBA houses were priced that way, the median price would be $150k. That rule only makes sense if houses were say, a place to live, which mild appreciation recompensing you at best for the maintenance and tax, etc costs associated with owning the thing. At best. Instead, we at Burbed all know better! We know Real Esate Always Goes Up! And by “Up”, we mean, 10% minimum a year, 30% is more realistic. You should always buy on those assumptions.

    tl:dr – You should always buy.

  21. Alex Says:

    GenericAlex,

    I preciate the TL;DR vrsn of ur post.

    tanks

    bye

  22. anon Says:

    re #18 – just watch out for the man crying on the airplane on the way home. Don’t let him get you down.

  23. madhaus Says:

    Recession is definitely over. I just bought a new steel plant. Woo-hoo!

  24. DreamT Says:

    #21 – oh yeah, the flight was full – that means (TADA!!!) the Recession is Over!!!

  25. Alex Says:

    I no longer have to camp out at the local soup kitchen. The recession is over! Hip hip hooray!

  26. Real Creator Of Craiglist Says:

    I just bought a new steel plant.
    —-

    You don’t seem to be a smart investor. First, you should have waited for govt to lift jumbo loan ceiling. Then you should have planned for holiday season. Then you should have waited until the dust settles and stars getting lined up.

    Smart investing 101.

  27. Real Estater Says:

    The recession is over more than a year ago after home prices rebounded by 25%.

  28. Real Estater Says:

    DreamT,

    Glad that you’re finally getting out. What you’re seeing is what I’ve been telling you all along: Hotels are sold out; planes are full, and restaurants are packed.

  29. Real Creator Of Craiglist Says:

    The recession is over more than a year ago
    —-

    Who cares? Those “retroactive declaration” by NBER are arbitrary anyway.

    —-
    after home prices rebounded by 25%.
    —-

    Useless aggregate data.

  30. Real Creator Of Craiglist Says:

    Hotels are sold out; planes are full, and restaurants are packed.
    —-

    Not only planes are full, airports are full too. There is no gate available in airport terminals and as a result planes are landing on freeway. Recession is over!!!!!

  31. Real Estater Says:

    It’s official: Recession ended last June. No wonder it doesn’t feel like a recession.

  32. Real Estater Says:

    Another good sign: home construction jumps 10.5%.

  33. Alex Says:

    Another good sign: home construction jumps 10.5%.

    Yes, another good sign for us renters. The addition to the huge glut of unsold housing should drive prices down even further.

    Enjoy being a mortgage slave! LOL

  34. Real Creator Of Craiglist Says:

    It’s official: Recession ended last June.
    —-

    It’s official: “Retroactive declaration” by NBER is arbitrary and does not count.

    —–
    No wonder it doesn’t feel like a recession.
    —–

    Indeed! It does not feel like so.

  35. Real Estater Says:

    >>Useless aggregate data.

    Another dumb reflex comment. We’re talking about the economy here. Is the economy aggregate or singular?

  36. nomadic Says:

    Did you lose your reading glasses, old man?

    after home prices rebounded by 25%.
    —-

    Useless aggregate data.

  37. maryjane Says:

    Wait a minute – the recession has been over since June 2009? Someone ought to tell all those idiots who think they’re still out of work. If they have all that free time maybe they could read a newspaper every now and then. Personally, I feel so good I’m going to go out and buy a house today before they’re all gone. Let me just check the 2006 price first so I know where to start bidding.

  38. Real Creator Of Craiglist Says:

    Another dumb reflex comment. We’re talking about the economy here. Is the economy aggregate or singular?
    —–

    Another dumb reflex comment. We’re talking about the 25% rebound in home price here. Is the 25% measurement aggregate or singular?

  39. madhaus Says:

    Hahahaha. #34, who doesn’t understand what deflation is, or the difference between aggregate demand and substitute demand, between demand shift versus demand movement, or between money supply and consumer spending, tries to lecture those that do on ecoomic theory. This should be good. I’m making popcorn.

    Remember, the recession is only over if the economists get to keep their jobs. Given how out of whack things are between number of jobs and number of job seekers, things aren’t exactly peachy.

    Wasn’t #34 the one who brought up the problems of the Over 50 Cohort never working again? That sounds like a terrific economy! Clean out all the dead woods. Oh, but wait, the number of 25-34 year olds living with their parents is way up too!

    • Americans living in poverty rose sharply to 14.3% from 13.2% in 2008
    • Poverty level is the highest since 1994
    • 43.6 million Americans are living below the official poverty threshold
    • Inflation-adjusted income of the median household fell 4.8% between 2000 and 2009
    • The number of 25-to-34-year-olds living with their parents rose 8.4% to 5.5 million in 2010 from 2008
    • Child poverty rose to 23.8% for kids under six in 2009, compared to 21.3% a year earlier

    I’ll be sure to tell my next-door-neighbor, a divorced lady in her early 50s who’s been out of work more than a year, that the recession is over and she can stop worrying about losing her house.

    I’ll also tell that to everyone in the alumni group from one of my old firms, since 4 out of 15 of them have also been out of work for a year. I bet they’ll want to invest in my steel plant!

  40. Real Creator Of Craiglist Says:

    Wasn’t #34 the one who brought up the problems of the Over 50 Cohort never working again? That sounds like a terrific economy!
    —-

    Silly madhaus! Those 50+ year old Americans, some of them baby-boomers, are not looking for job anyway. They are pretending to look for job (for the purpose of getting unemployment benefit) before they retire permanently. After retirement, if they plan to sell their homes, overbidding amount will fund their retirement.

    And when those baby-boomers retire, the unemployment rate will 0.000000%.

  41. A. Lewis Says:

    #31 – Here’s a good, simple analysis of the housing starts data:

    http://www.calculatedriskblog.com/2010/09/single-family-housing-starts-increase.html

    The housing starts data you cite is a clear indication of bad economic conditions. Housing starts are at very low levels. They went from ‘historic low’ to ‘slightly above historic low’. You are again deliberately attempting to mislead people with out-of-context statistics, in an effort to increase perceptions of a good economy, with the underlying plan to encourage people to buy houses at high prices, for your personal gain.

    tl;dr version: You’re wrong again, and your motives are despicable.

  42. madhaus Says:

    #40, what that summary doesn’t clearly spell out is that most of the growth was in multifamily unit construction; that is, condos and apartment buildings. And of course there’s an increased demand for apartment buildings… from all the FBs who got foreclosed on. That’s not what I’d call good news.

    Here’s a bunch of self-proclaimed experts talking about why the “end of the recession” still feels like a terrible economy. Because, they all agree, it IS.

    Of course the Cato Institute guy had to turn it into a political attack. What a tool. And that’s a shame, because he had an excellent point about how securitization of the financial markets was an abject failure and we shouldn’t repeat that.

  43. SEA Says:

    maryjane- “Let me just check the 2006 price first so I know where to start bidding.”

    Ha! What seller would sell that low?

  44. DreamT Says:

    “Glad that you’re finally getting out.”

    Are you kidding? stuck in a ground-level conference room, amid a participation mostly in their 50s? Claustrophobic dinner with failed marketing guys and horrible wine? I’ll be glad to be getting out of _this_!
    Yes, the conference has a surprisingly larger attendance than similar ones over the past couple of years’, but it could be the snail effect. You know, watering a plant all over for a minute, then coming back to it 5 minutes later to collect all the snails that have crept out on the leaves.

  45. Real Creator of Craiglist Says:

    You are again deliberately attempting to mislead people with out-of-context statistics, in an effort to increase perceptions of a good economy, with the underlying plan to encourage people to buy houses at high prices, for your personal gain.
    —-

    First of all, don’t forget how he was in denial about recession. Here couple of examples, in 2008 March he is responding to an statement of “present economy is going down the toilet”.

    If you look at the stock market, the DOW and Nasdaq are still at very respectable levels.

    In September 2008, he is upbeat about economy – “NO RECESSION”.

    The quotes only goes to show I’ve been right all along. There is indeed no recession. Economy grew at a respectable 3.3%, thanks in part to the stimulus checks. Gas prices has settled down now, and the Fannie Mae/Freddie Mac problem just got solved today. Interest rate just came down to boot. We’re all clear for take-off, and the market did just that today.

    Then, in 2009 May he argued about the existence of recession – oh, that’s just some “retroactive declaration”.

    There was no recession by the conventional definition of 2 consecutive quarters of GDP decline. The retroactive declaration by NBER was arbitrary, and wasn’t true for the Bay Area.

    It’s very funny! The same guy who refused to accept existence of recession, is TOO QUICK to jump in and give us “Good News” about end of recession.

    Now, I am waiting for his rebuttal with convoluted logic to explain how his past comments makes sense and he is right all along. :)

  46. Real Estater Says:

    >>I’ll be sure to tell my next-door-neighbor, a divorced lady in her early 50s who’s been out of work more than a year,

    No worries until her ex-husband is out of work. Until then the checks will keep coming.

  47. Real Creator of Craiglist Says:

    Let me just check the 2006 price first so I know where to start bidding.
    —–

    Someone did not get the memo that home price doubles in every 10 years. It’s almost 2011 and that means 2006 was almost five years back. You should start bidding from at least 40% more than 2006 price.

  48. Real Creator of Craiglist Says:

    No worries until her ex-husband is out of work. Until then the checks will keep coming.
    —–

    Uncle Estater shares his wealth of experience.

  49. madhaus Says:

    #47, too bad #45′s experience has nothing to do with my neighbor’s. I don’t see any advice for those 4 people from my old firm either.

    Guess since the recession is over, they don’t exist.

  50. Real Estater Says:

    madhaus,

    What you’re saying is contrary to common sense. Ever heard of the A word?

  51. SEA Says:

    How common is Real Estater’s common sense?

  52. DreamT Says:

    “Ever heard of the A word?”
    I’m shocked you would mention this on a site as serious as burbed. Look at you… Aren’t you ashamed of yourself?

  53. Real Estater Says:

    DreamT,

    I don’t get your reaction. You must be thinking of a different type of word.

  54. SEA Says:

    I’m thinking that Real Estater is the 5-letter B word.

  55. Real Estater Says:

    SEA,

    You’re a good fit for the S word.

  56. DreamT Says:

    #52 – Glad we’re not on the same page.
    Were you referring to a charactonym then? a phytonym maybe? a demonym? an oronym? what type of word?

  57. SEA Says:

    Real Estater- “SEA, You’re a good fit for the S word.”

    The SEA word? I would have never thought of that.

  58. Real Creator Of Craiglist Says:

    Were you referring to a charactonym then? a phytonym maybe? a demonym? an oronym? what type of word?

    I think Uncle Estater is referring to Onomatopoeia. A for Ass. So, the #49 should read like this:

    madhaus,

    What you’re saying is contrary to common sense. EHAW, EHAW, EHAW.

    You can lead a donkey to water, but it’s still an ass.

  59. nomadic Says:

    No worries until her ex-husband is out of work. Until then the checks will keep coming.

    What if she went to the RE School of Finance? She could’ve gotten the house in lieu of alimony. Or maybe he was already foreclosed because she stopped paying him alimony when she lost her job.

  60. SEA Says:

    nomadic- The husband goes to the RE School of Finance, keeps the house, and complains about not being able to make the payments because of the alimony.

  61. madhaus Says:

    #49, keep digging. Do you speak from experience? Are you fundamentally incapable of understanding that other peoples’ experiences can differ substantially from yours?

    For example, there are people out there who have no desire to bury themselves in debt just so they can live in a “better” zip code. I realize this is a very difficult concept for you, so I’ll say it really slowly: people have different priorities. Your priorities only apply to you. Calling people losers for having different priorities does not encourage them to seek your advice, nor does it make them value your priorities.

    And yet no advice for the other 4 out of work engineers? Wonder why. I guess since the recession is over, they can’t possibly exist, so you can’t conceive of such a thing.

  62. Real Estater Says:

    madhaus says,
    >>Calling people losers for having different priorities does not encourage them to seek your advice, nor does it make them value your priorities.

    When/where did I say the above?

    >>And yet no advice for the other 4 out of work engineers?

    It’s hard to comment without knowing the specifics. Are they out of work because their job got outsourced to India? Are they out of work because they did not update their skills? Are they out of work because their area of expertise is no longer in high demand? There is no simple, catch-all answer.

  63. Real Creator of Craiglist Says:

    There is no simple, catch-all answer.
    —–

    Congratulation! So you realized that there is no simple, catch-all answer to people’s situations. That’s why your “Good News” or “right time to buy” slogans should not be taken seriously.

  64. Real Creator of Craiglist Says:

    When/where did I say the above?
    —–

    How about this one? Or this one?

    That’s just a quick search. Want to know more?

  65. bob Says:

    BAD news! Dow down -21 points today, proof that the recession is still rearin’ its ugly head. I saw people in the streets running away from their homes. Oh no!

  66. DreamT Says:

    “its ugly head”
    bob, is that you?!

    [WORDPRESS HASHCASH] The poster sent us ’0 which is not a hashcash value.

  67. nomadic Says:

    >>And yet no advice for the other 4 out of work engineers?

    It’s hard to comment without knowing the specifics. Are they out of work because their job got outsourced to India? Are they out of work because they did not update their skills? Are they out of work because their area of expertise is no longer in high demand? There is no simple, catch-all answer.

    See, madhaus? It’s clearly their own damn fault, therefore they must be deadwood losers. The economy has nothing to do with it.

  68. SEA Says:

    “Dow down -21 points today”

    Uh, down negative 21 = up 21.

    Let’s put this in RBA terms:

    Everything is great! The DOW is UP by -21 points.


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