January 15, 2007

If your eyes are blurry, then you might not notice the price

Burbed is celebrating Daly City week! Welcome to Day 1!

First, a fact about Daly City: The median income for a household in the city was $62,310, and the median income for a family was $68,365.
And now, a fine Daly City house:

MLSlistings Property Detail for MLS number 638625
1053 BRUNSWICK ST
Daly City, CA 94014
$699,000

1053brun-a.jpg

This Single Family Residence has the following features:
MLS#: 638625 Approx Age: 57 Years Approx Sq Ft: 1020
Detached Single Family 2 Stories Traditional
3 Bedrooms 2 Bathrooms 1 Stall Shower
1 Shower over Tub 1 Tub Eat in Kitchen

Alright… what gives? Is this a new strategy by realtors to make you for get the price? Come on… this place is being offered for 7/10 of a million and the pictures aren’t even in focus?

Let’s look at some more:

1053brun-b.jpg

I don’t know about you – but maybe it’s best that bathroom stays out of focus!

Click here to post a comment -- Posted by: burbed @ 5:25 am






January 14, 2007

What makes the Bay Area special…

In this recent post about a nice, huge house in Hawaii that’s the same price as a small house with metal bars on the door in Sunnyvale, a commenter wrote this:

If the Bay Area sucks so bad, then why do you live there?

That’s a fair question. Here’s what I wrote:

Fry’s. :)

I followed up with a more serious remark. But I just noticed that I wasn’t the only person who made this joke about Fry’s – this is why the famous Dave Winer had to say:

Scripting News: 1/13/2007
Fry’s is the closest we come to culture here in the Bay Area

And here’s what Time magazine’s Stephen Levy had to say about the world famous Cupertino:

Apple’s New Calling: The iPhone — Tuesday, Jan. 09, 2007 — Page 1 — TIME
If you’ve ever wondered how it works, this is how it works: I don’t call Steve, Steve calls me. Or more accurately, someone in Steve Jobs’s office calls someone in my office—someone at a much higher pay grade —to say that he has something cool. I then fly to the metastasized strip mall called Cupertino, Calif., where Apple lives…

Let’s face it – at the end of the day, the Bay Area (save for SF) is just a giant suburb. And suburbs are suburbs. What’s interesting is that I remember when I first visited Cupertino as a teen – it really didn’t look as sprawly and strip-mally as it did today. What happened!

Click here to post a comment -- Posted by: burbed @ 5:47 am

January 13, 2007

How to get paid on your worst borrowers!

I got this in my inbox the other day:

brokers.jpg
If you’re a mortgage broker, and you found this useful, you owe me!!

If you’re a “homeowner” who used a broker who found this useful… then… uh… you might want to find some nice sturdy cardboard boxes and an overpass.

Click here to post a comment -- Posted by: burbed @ 5:39 am

January 12, 2007

$925k for a 4br/2.5 2094 sqft house – guess where!

So yesterday Burbed covered a $925,000 house 3/2.5 1300 sqft house in Sunnyvale. Oh… and it had metal bars on the door.

Let’s take a look at what $925,000 can buy you somewhere else… somewhere less special…

REALTOR.com: Find a Home – Listing Detail
92-6030 MAKEKE ST
KAPOLEI, HI 96707
MLS ID#: 185939
$925,000
4 Bed, 2.5 Bath
2,094 Sq. Ft.
0.13 Acres
92-6030makeke.jpg

Panoramic view from Diamond Head to Barber’s Point. Upper lanai off master bedroom. Sunrise and sunset views from upstairs lanai. Complete landscaping and irrigation. Motion activated security lights. Extended rear lanai with ceiling fans. Recessed lighting throughout the house. Ceramic tile flooring in the kitchen, laundry room and bathrooms, remainder of house with laminate flooring. Glass block accent in Master Bath, Stairway Wainscoating (decorative treatment for the lower portion of wall in stairway). All new Tuscany ceiling fans with dimmer lights operated with remote. Custom linen storage closet. Large master bedroom closet with custom shelves. Split A/C. Custom painted interior. Crown molding throughout downstairs, stairwell and upstairs hallway. Custom French doors with tilt/moveable blinds installed between glass. Custom blinds. Custom bathroom mirrors. 4 speaker surround sound stereo system hook-up.

Single Family Property, Subdivision: Makakilo, County: Oahu, Lot is 5766.00 sq. ft., View,

Let’s face it though, Oahu ain’t Sunnyvale. They don’t even have a Fry’s. So… you could choose
to buy a $925,000 house there and not be special – or you could choose special and live in beautiful Sunnyvale. Besides – the mexican food is probably better.

Click here to post a comment -- Posted by: burbed @ 5:28 am

January 11, 2007

The Worst Is Over! You couldn't afford NOT to buy!

SignOnSanDiego.com > News > Business — U.S. housing seen showing more life in second half
In California, where home sales tumbled 23 percent in 2006 and could drop another 7 percent this year, “the worst is over,” said Leslie Appleton-Young, chief economist for the California Association of Realtors.

Median home prices in the state could slide 2 percent this year, with inland inventories of unsold homes lingering on the market, she said.

“All that being said, I never subscribed to the bubble argument anyway so I’m feeling pretty confident about 2007,” Appleton-Young added.

“Remember we’re going from a market where you couldn’t afford not to buy. Rates were so low, and prices were appreciating 15 to 20 percent, you just had to do that deal,” she said.

I’m confused. The worst is over, so now is a good time to buy.

But wait, they never said when it was not a good time to buy!

But wait again, before you couldn’t afford not to buy. Does that mean now I can afford not to buy?

How confusing.

Regardless, I’m just glad to hear that the worst is over.

Let’s all work together! I want to see 1br/1ba condos in Mountain View for $500k this year! Together, we can do it!

Click here to post a comment -- Posted by: burbed @ 4:16 pm

What's $925,000 and has bars on the door?

MLSlistings Property Detail for MLS number 671702
319 ROOSEVELT AV
Sunnyvale, CA 94085
$925,000

319roosevelt.jpg

This Single Family Residence has the following features:
MLS#: 671702 Approx Age: Unavailable Approx Sq Ft: 1300
Detached Single Family 2 Stories Traditional
3 Bedrooms 2&1/2 Bathrooms 2 or More Stall Showers
1 Tub Separate Family Room Separate Dining Room

So let’s say you buy this house – what do you do next?

Of course, you tell your friends living outside of the Bay Area: “It’s special here! What a great deal!”

Click here to post a comment -- Posted by: burbed @ 5:50 am

January 10, 2007

$599,000 to be in the center of San Jose crime

San Francisco Bay Area Houses & Homes – 1691 S KING RD, San Jose Alum Rock 95122
1691 S KING RD, San Jose 95122
1691sking.jpg

Bedroom: 3 Bathroom: 2 Square Footage: 1121 $599,900
Status:
Active
Year Built: 1958 List Date: 10/28/2006 Lot Size: N/A
Parking Spaces: 2 MLS#: 666423
Email this to a friend Ask a Question Neighborhood Data Comparable Data
DESCRIPTION –
1691 S KING RD, San Jose
Just reduced!! New roof, nice floorplan recently remodeled, with marble floor in bathrooms. New double-paned windows. Covered patio with built-in barbeque grill. Very motivated Seller. Open house Sat 11/4 and Sun11/5 12-4pm

Burbed reader Brendan writes:

Now if you didn’t know that’s a stone’s throw away from the famed king and story intersection where most of San Jose’s crime happens.

Uh, Brendan – I believe the correct phrasing is: “FANTASTIC STARTER HOME IN A LIVELY AND ACTIVE NEIGHBORHOOD. GREAT FOR FIRST TIME BUYERS. NOT IN EAST PALO ALTO”

Click here to post a comment -- Posted by: burbed @ 5:59 am

January 9, 2007

MLS-2.com: Complete Local MLS Search, Market Data, Maps and Local Real Estate Information

MLS-2.com: Complete Local MLS Search, Market Data, Maps and Local Real Estate Information
MLS-2 Bargain Hunter Page – Short Sales, Motivated Sellers, Price Reductions For Local Real Estate

This is actually a pretty neat site. Check out the page I linked to – with that you can easily find out which properties have dropped their prices by 10% or more, which ones are by “Motivated Sellers” and which ones are “Short Sales”.

Click here to post a comment -- Posted by: burbed @ 8:24 pm

Last Day! Vote Vote Vote Vote Vote!

Wow! I didn’t see this coming – Burbed was nominated for best regional blog!

If you like what you read here, please vote for Burbed.

The prize is $25, so this isn’t exactly about the money – rather, let’s help make Burbed even more well known… so that more people will find out about what makes Silicon Valley so very special!

Please visit http://www.housingwire.com/2007-rebas/ and click on the giant grey “Vote now” link at the top of the page. Burbed.com is in section 5.

Voting ends on 1/10 – so please don’t delay. OR THIS HOUSE IS GOING OFF THE MARKET.

Click here to post a comment -- Posted by: burbed @ 10:00 am

$29,900 for a 950 square feet house!!!!

Is this in Dixon’s Landing?

Nope..

1166 E Livingston Avenue, Columbus, OH 43205 – Prudential Calhoon Company REALTORS®
1166 E Livingston Avenue, Columbus, OH 43205 go to map

1166elivingston.jpg
Price: $29,900
Bedrooms: 3 Bathrooms: 1 Garage: 0
Square Ft: 1,276 Lot Size: n/a
Price Per sq/ft for this property: $23
Average Price Per sq/ft for this area: $102
Median Home Price for Columbus, OH: $119,900
Year Built: 1915 School District: Columbus
MLS Number: 2642802 Active Date: Aug 23, 2006
Property Type: Residential Area Location: 14 – Cols/Fra Co W 10, E Be

Burbed.com reader Sebastian writes:

I loved the old post comparing houses around the country to houses here…
So I was thinking here’s one to start with. From Columbus, OH I bring you this beautiful starter home. Being a three bedroom home with a whopping 950 Square Feet it is surely worth $900,000! Ok, ok how about $800,000? No? Well, let’s just be really crazy and say it is worth $500,000… surely that is very realistic in this “buyer’s market”.

Oh Sebastian… don’t you know that Ohio isn’t special? There aren’t smart people or burritos there. And they don’t have good weather. That’s why this is 3% of a Bay Area house.

Click here to post a comment -- Posted by: burbed @ 5:53 am