October 14, 2008

The Most Affordable House In The Bay Area with instant equity

665 W. MacArthur Blvd., Oakland, CA
665 W. MacArthur Blvd., Oakland, CA
Wonderful Rehab Potential
2BR/1BA Multi-Family, 3 units

offered at $215,000
Year Built 1868
Sq Footage 2,088
Bedrooms 2
Bathrooms 1 full, 0 partial
Floors 2
Parking 3
Lot Size 4,429 sqft
HOA/Maint $0 per month

DESCRIPTION
Large 3 unit building. 2 bedrooms upstairs, 1 bedroom or studios down. Lot Size 4,429 /- Property in middle of rehab and will be sold �AS IS�. Great potential with possible seller financing to approved purchaser. Large lot, permits available
to be transferred.

Thanks to Burbed reader Alex for thsi amazing find.

Dude this is a huge lot! It’s like 4429 square feet! Wowsers!

And guess what? It’s sold as-is – in the middle of a rehab. That means you have instant equity when buy this amazing find.

I mean seriously – this has got to be the most affordable house in the Bay Area with instant equity!

I can’t imagine why you wouldn’t want to buy it. Can you find a better deal than this?

Comments (21) -- Posted by: burbed @ 5:12 am






October 11, 2008

Burbed’s Voter Guide for 2008: California Propositions

One of the best and biggest advantages of living in California is that you are able to make a giant impact through Propositions! For example, in 1978, voters ignored their callous politicians (who they had elected), ignored greedy corporations like Bank of America and Standard Oil that the idea would lead to ruin, and enacted the world famous Prop 13 – ensuring that real estate prices would stay high forever, ensuring that our schools and services would have no funding, ensuring that corporations would have a huge tax loophole forever, and ensuring that once you own land in California, you are king. Strong family values.

Well, it’s now that time of year again! Election season! Time for you to make an impact. Here’s Burbed’s guide to the Propositions!

Proposition 1A. Safe, Reliable High-Speed Passenger Train — State of California (Bond Act – Majority Approval Required)
To provide Californians a safe, convenient, affordable, and reliable alternative to driving and high gas prices; to provide good-paying jobs and improve California’s economy while reducing air polution, global warning greenhouse gases, and our dependence on foreign oil, shall $9.95 billion in bonds be issued to establish a clean, efficient high-speed train service linking Southern California, the Sacramento/San Joaquin Valley, and the San Francisco Bay Area, with at least 90 percent of bond funds spent for specific projects, with federal and private matching funds required, all bond funds subject to an independent audit?

Vote No! This will destroy some of our most fragile downtowns – like Mountain View, Burlingame, and others. Furthermore, do we really need access to SoCal? Clearly there’s no reason to go down there, the Bay Area is the most important part of California. Thus, this is being proposed so cultureless SoCal’ers can come up here. Forget about it – this won’t help boost real estate values in the Bay Area. Now… if they were going to build a high speed rail to Moscow, Shanghai, or Mumbai to attract more foreign dollars which are pouring in to buy real estate in world famous Cupertino – that’d be a different story!

Proposition 2. Standards for Confining Farm Animals — State of California (Initiative Statute – Majority Approval Required)
Shall certain farm animals be allowed, for the majority of every day, to fully extend their limbs or wings, lie down, stand up and turn around?

Vote Yes! This will require farms to expand, thus causing land to become even more valuable and expensive. This will help real estate prices for sure!

Proposition 3. Children’s Hospital Bond Act. Grant Program — State of California (Initiative Statute – Majority Approval Required)
Shall $980,000,000 in general obligation bonds be authorized for construction, expansion, remodeling, renovation, furnishing and equipping of eligible children’s hospitals?

Vote No! Come on! Californians voted for Prop 13 30 years ago to send a strong signal: children are not our future. Not only will this not help our most valuable citizens – the baby boomers, our future retirees, this will hurt them by preventing more seniors hospitals from being built. And seniors are the kind of people we need to attract! Can you imagine if we had more world class elderly hospitals? Think about all the cash and equity rich retirees that would be pouring in from Florida, the United Arab Emirates, New York, and London! Think about it: do children have money? No! So why do we want more?

Proposition 4. Waiting Period and Parental Notification Before Termination of Minor’s Pregnancy – State of California (Initiative Constitutional Amendment – Majority Approval Required)
Shall the California Constitution be changed to prohibit abortion for an unemancipated minor until 48 hours after physician notifies minor’s parent, legal guardian, or, in limited cases, substitute adult relative?

Vote Yes! We need to eliminate abortion. Think about it: more fetuses, more people, more need for houses. Eliminating abortion can only help boost real estate prices (though we may need more police as well if you believe in Freakanomics….)

Proposition 5. Nonviolent Drug Offenses, Sentencing, Parole and Rehabilitation — State of California (Initiative Statute – Majority Approval Required)
Shall $460,000,000 be allocated annually to improve and expand treatment programs?

Vote Yes! Just think about how amazing it would be if we could turn these small time drug dealers into something more productive and relevant: mortgage brokers and realtors. Exactly! This is the future right here! With their skills, even more people will be talked into buying houses. “What are you chicken? All the cool kids are buying condos!” Also, with more criminals out and rehabilitated, there will be more demand for housing. Real estate wins again!

Proposition 6. Police and Law Enforcement Funding. Criminal Penalties and Laws — State of California (Initiative Statute – Majority Approval Required)
Shall of minimum of $965,000,000 of state funding be required each year for police and local law enforcement?

Vote Yes! Just incase Prop 4 and Prop 5 pass – this may be helpful. Besides, more police will help house prices.

Proposition 7. Renewable Energy Generation — State of California (Initiative Statute – Majority Approval Required)
Shall government-owned utilities be required to generate 20% of their electricity from renewable energy by 2010, a standard currently applicable to private electrical corporations? Shall all utilities be required to generate 40% by 2020 and 50% by 2025?

Vote Yes! Who doesn’t like clean skies? This will raise real estate prices.

Proposition 8. Eliminates Right of Same-Sex Couples to Marry — State of California (Initiative Constitutional Amendment – Majority Approval Required)
Shall the California Constitution be changed to eliminate the right of same-sex couples to marry providing that only marriage between a man and a woman is valid or recognized in California?

Vote No! We need gays and lesbians to marry! Why? Once people get married, they will instinctively want to settle down. And what does settling down mean? That’s right! Switching from renters to homeowners. More married same-sex couples will mean more demand for homes. And more demand means higher prices!

Proposition 9. Criminal Justice System. Victims’ Rights. Parole — State of California (Initiative Constitutional Amendment and Statute – Majority Approval Required)
Shall notification to victim and opportunity for input during phases of criminal justice process, including bail, pleas, sentencing and parole be required? Shall victim safety be a consideration for bail or parole?

Vote No! We need more people outside of jail – not behind bars. What good are people behind bars? They have free housing! We need to get them out, and get them into some sub-prime mortgages! Sorry victims!

Proposition 10. Alternative Fuel Vehicles and Renewable Energy. Bonds — State of California (Initiative Statute – Majority Approval Required)
Shall $5 billion in bonds paid from state’s General Fund be authorized to help consumers and others purchase certain vehicles, and to help research in renewable energy and alternative fuel vehicles?

Vote No! We all want cleaner air and less traffic. The solution is to make sure that only those who can afford to drive clean air cars are allowed to drive! If that were to happen, the Bay Area would be even more progressive! And progressive areas attract the smartest and richest people. Win win!

Proposition 11. Redistricting — State of California (Initiative Constitutional Amendment and Statute – Majority Approval Required)
Shall the authority for establishing state office boundaries be changed from elected representatives to a commission comprised of Democrats, Republicans, and representatives of neither party selected from the registered voter pool in a multilevel process?

Vote Yes or No! Who cares?

Proposition 12. Veteran’s Bond Act of 2008 — State of California (Bond – Majority Approval Required)
Shall a nine hundred million dollar ($900,000,000) bond be issued to provide farm and home aid for California veterans?

Vote Yes! Duh. This might as well say “Do you want the future generations to pay for homes for veterans of today and boost your real estate prices?” Duh!

Well… these are the official stances of Burbed.com on how you should vote on this year’s Propositions!

Agree? Disagree? Let’s hear ‘em!

Comments (81) -- Posted by: burbed @ 5:47 am

October 10, 2008

Silicon Valley Finds It Isn’t Immune From Credit Crisis

Silicon Valley Finds It Isn’t Immune From Credit Crisis – WSJ.com
Sequoia’s partners, who began the special meeting with a slide that read “RIP: Good Times,” pored over dire economic data and warned that the current downturn will be long and painful, according to people present. Sequoia declined to comment.

Until a few weeks ago, the tech sector looked relatively insulated from a downturn, as tech companies rode still-strong international sales and benefited from a weak dollar. Tech companies also typically have little debt on their balance sheets, limiting their exposure to the frozen credit markets — and leading to a certain complacence in Silicon Valley this summer as the credit crunch burned other industries.

But the turmoil of the past few weeks has changed that momentum. Venture capitalists are running into trouble raising new funds and tech vendors are getting squeezed as businesses cut budgets, banks pull credit lines and consumers close their wallets.

Benchmark Capital, a prominent Silicon Valley firm, recently sent a letter to its portfolio companies telling them that “financings as we know it just got a whole lot tougher.”

In the letter, Benchmark urged entrepreneurs to “be calm, but pragmatic” and added that “the rules of the game have changed.”

The letter suggested that entrepreneurs should raise new cash sooner than later and added that they could potentially draw down bank lines now before the financing spigots shut. Benchmark didn’t immediately have a comment.

“It’s like the perfect storm,” says Andy Morning, chief financial officer of Mattson Technology Inc., a Fremont, Calif., maker of chip-manufacturing equipment.

Last month, Mattson announced it was cutting its staff by 14% because of the poor business environment.

Similar layoff notices are piling up across Silicon Valley. This week, eBay Inc. said that it would cut 10% of its work force, or about 1,000 full-time jobs. Last month, Hewlett-Packard Co. said it would cut 24,600 employees, or 7.5% of its work force, after a big acquisition, while chip maker Nvidia Corp. said it would lay off 6.5% of its workers.

[snip]

“Up until recently we were still competing with Apple and Google for talent,” says Bill Nguyen, a founder of the Palo Alto, Calif., company, which currently has 35 employees. “But now we just look at it and say we just can’t do it.” Instead, he wants to bank more money as reserves, in case the downturn becomes more protracted, he says.

Hm. Well, this is probably just a short term thing. 2009 will rock!

Comments (9) -- Posted by: burbed @ 4:35 am

October 9, 2008

Silicon Valley full of patriots – not house-poor

In Silicon Valley, more homeowners are spending more than half their income on housing – San Jose Mercury News
Over the last four years, the number of Santa Clara County homeowners who spend over half their income on housing climbed by 26 percent, to more than one in five households with a mortgage, a Mercury News analysis of newly released census data shows.

Devoting a majority of your income to housing is one definition of “house-poor”; people are often advised to figure on 30 percent as the right proportion. Despite the Bay Area’s affluence, economists say the growing mortgage burden is a cause for concern as the economy teeters and credit markets lock up. While having large numbers of households that spend so much on housing doesn’t necessarily increase the risks of a recession, it could worsen the consequences of one.

How dare the MSM (Main Street Media) refer to these people as being house-poor. These people are keeping our economy going. They are the true patriots of America.

Figures the elitist out of touch media would dump on them.

Frankly, it seems to me we should have a parade for these folks!

Comments (67) -- Posted by: burbed @ 5:15 am

October 5, 2008

Austin – so lucky to have so many Californians moving there

Californians teeming

Jake and Cynthia Stewart are the type of people Austinites are supposed to love to hate. They’re not from here; they just live here — in a half-million-dollar house in Travis Heights that the 33-year-olds bought with their fancy Golden State money.

Yes, the Stewarts are from California, the motherland of the ostensibly highfalutin inhabitants whom Austinites are programmed to loathe for their imperialistic infatuation with our utopia.

As housing prices in Austin continue to rise, as traffic grows more pervasive, and as retail and nightlife stray from the Keep Austin Weird vibe, much of the blame is directed toward the influx of Californians who supposedly are buying up all the real estate and, by default, negatively transforming the culture.

“Any town or community with gravity or appeal usually has a scapegoat, and California is maybe the scapegoat in this case,” Jake Stewart says.

Condemning Californians isn’t just an undertone of our collective conversation. American-Statesman humor columnist John Kelso has written about it, and the same sentiment has played out from the bathroom wall at Mohawk on Red River Street that reads “I hate this part of California” to the billboard for an East Austin residential community that reads “Live east before the Californians* do.” (A footnote reads: “Californians, please substitute New Yorkers.”)

[snip]

“When you’re moving from California,” he says, “you’re not making California income. You’re having to adapt. I think Californians may just be willing to take a bigger hunk out of their pot for houses.”

Instead of complaining, these savages in Austin should be welcoming their Californians liberators with praise and flowers. Californians are brining all the good things and the right values to Texas.

Sheesh. Talk about not recognizing a great gift when you get one!

Comments (6) -- Posted by: burbed @ 5:42 am

October 3, 2008

Just released a bunch of comments…

Just released a bunch of comments that were automatically tagged as spam. Sorry for the inconvenience or dupes this may lead to.

Comments Off Posted by: burbed @ 5:38 pm

October 1, 2008

Silicon Valley Moms Blog Donors Choose

I wasn’t sure whether to post this or not… after all this might hurt property prices in the Real Bay Area. But the folks at Silicon Valley Moms are nice (and far more profitable than Burbed – hint hint acquire me hint hint) so I’ll post it right now!

You can read more about this campaign here.

Comments (5) -- Posted by: burbed @ 9:38 pm

District considers hiring private eye

Mountain View Voice Mountain View Voice: District considers hiring private eye (September 26, 2008)
With elementary school enrollment growing much faster than expected, and around 80 students on a waiting list to attend their neighborhood schools, some district trustees want to hire an investigator to explore whether all students are properly enrolled.

The Mountain View Whisman School District currently has a student population of 4,408, a number administrators had not been expecting to reach until 2011. In part, administrators said during a board meeting last week, the increased enrollment can be explained by a growing number of families at Moffett Field and the expanding technology industry.

But several trustees suspect there may be something else at work, and suggest hiring a private investigator to make sure that all of the enrolled students are residents of Mountain View or have permission to attend the schools.

This has got to be a Real Bay Area only thing. Has anyone else heard of something like this elsewhere?

Comments (21) -- Posted by: burbed @ 4:30 am

September 27, 2008

NY has highest property tax – $8422 in some areas! Unlike California!

NY’S PROPERTY-TAX TOPPER – New York Post
New York state has just landed the dubious distinction of having the county with the highest property taxes in the nation, according to a new Census Bureau study released yesterday.

Westchester homeowners paid a whopping median $8,422 in taxes last year, leaping from their previous third-place spot to bump the formerly No. 1 ranked Hunterdon County in New Jersey.

Hunterdon settled in second place for 2007, with an $8,224 median tax bill.

Nassau County, which had been No. 2 in 2006, was left still nipping at Hunterdon’s heels, coming in third with an $8,153 median, according to the review of updated Census data as part of the American Community Survey.

The national property-tax median is a paltry $1,838 by comparison.

Everyone knows that one of the great advantages of living in California, aside from diversity, open minds, smart people, coasts, and great weather is… low property taxes.

And this article proves it!

Have you ever heard of anyone paying $8,224 in property taxes here in California? Oh wait… everyone who buys in the Real Bay Area does.

Well… look who has better schools and services!!! Oh… wait…. Westchester does.

Fine, but do they have great mass transit… or great sports teams… or sushi?

Oh.

Uh.

Do they have great weather and nerds who looooooooooooove to go hiking?

HELLS NO!

Bay Area wins again! Woot!

Comments (10) -- Posted by: burbed @ 5:01 am

September 25, 2008

America Says NO to the Bush Bailout!

America Says NO to the Bush Bailout!
People’s Speak Out to Stop the Bail Out
September 25, 2008
5:00 PM – 6:30 PM

Stand with your neighbors and say NO Bush Bailout! Bush strong-armed Congress into supporting the wars in Iraq and Afghanistan and has spent more than $800 billion for these wars. Now they demand a $700 billion blank check for Wall Street using fear and threats with no public debate! Bail Out the Troops and Main Street, Not Wall Street! Make some signs and bring your families and friends!
Address
front of MLK Library, 150 E. San Fernando St.
San Jose, CA 95112
Directions

Dr. Martin Luther King, Jr. Library is on the corner of San Fernando and Fourth Streets. Check the VTA web site for directions to the library by bus/light rail. If you have to drive, a parking garage is located across the street.

Burbed Reader Sunny asked me to share this with you.

Comments (364) -- Posted by: burbed @ 1:50 pm