April 22, 2011

Cambrian life in Alviso

Here’s a charade today.

For $39,900, I will be your Cambrian home (and I will be Magnificent!)

For $29,900, I will be your Alviso home (and I will be Priced to Sell!)

For $19,900, what will I be?

and just as important… WHERE will I be?

Ahhh Mobile Homes. They just CAN’T stay still!

Comments (14) -- Posted by: DreamT @ 5:01 am

14 Responses to “Cambrian life in Alviso”

  1. SiO2 Says:

    95134, 95124, so close. The difference is just 10.

  2. SEA Says:

    “Space Rent $902″ [=$11k/yr]

    I’d like to see the present value computations on this one. The “space rent” is 3% per month of the asking price [=more than 33% per year].

    Given the relatively high cost of “space rent” relative to the asking price, an offer at 67% today is much better than an offer at 100% 12 months from now.

  3. SEA Says:

    Via CR:

    http://www.youtube.com/watch?v=I6IQ_FOCE6I

    (Video regarding PA, SV and bubbles…)

    Note the housing references starting near 1:58.

    “…make yourself a million bucks
    partly skill, mostly luck
    now you can afford a down payment
    on a small house
    if you want a bigger one
    hillsborough, atherton
    better hope the same thing
    happened to your spouse
    IPO… lucky you
    have your cake and eat it too”

  4. Real Estater Says:

    Awesome video. Loved it!

  5. anon Says:

    Perhaps this magnificent home will be the site of the next overvalued dot com.

    The question really is: can you afford not to buy?

  6. Petsmart banker Says:

    3% commission: $897.

  7. DreamT Says:

    you can buy a lot of tanning lotion for $897

  8. madhaus Says:

    Can you tan in Cambrian? How about Alviso?

  9. nomadic Says:

    You can tan in Alviso, but you might need a clothespin for your nose.

  10. SEA Says:

    Another flat screen television.

  11. Real Estater Says:

    What the video in #3 is basically saying that SV has one wave of innovation after another, with brief respites in between. It’s not about the size of the houses, but about the size of the innovation and the wealth that it generates.

  12. The Gilroy Alex Says:

    What a pantload. OK so the “house” would cost you $300 a month, figured out by my “move the decimal point” method, but the space would run $900 a month, so that’s like the “house” costing $120k, again figured by my “move the decimal point” method.

    What generally happens in mobile home parks is, the petty gangster who owns the park ends up in possession of trailers as people move out and can’t be bothered to try to sell the things, then they’re rented for the space rent. And $900 a month isn’t what you should pay, it’s what you should be paid, to live in Alviso.

  13. anon Says:

    IMHO, this thing seems alright for a family with an income of roughly $10,000 a year.

    I would imagine those households would have significant difficulty saving the 30k it would take to buy this outright. As a result, it will probably not be acquired by such a household, instead going to some mouth breather who thinks they’re making an investment.

    What a world.

  14. SEA Says:

    After saving $30k, the family suddenly finds out about the $12k every year in “space rent.”


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