February 1, 2014

I Can Haz Stock Optionz?

Here’s a piece of investment and career advice: If your job doesn’t give you a piece of equity in the company you’re working for, it’s time to move on.

You Need Equity To Live In Silicon Valley

140131-stanford-memeMay 22, 2013 – Andy Rachleff Wealthfront

The other day we were modeling our typical client’s spending when we realized something disturbing – an average Bay Area-based young couple has to own equity in a business if they hope to send their kids to a good university and be able to retire well.

Investing well alone can’t get you there.

Our analysis found you need to work for at least one company where your equity stake can generate at least a few hundred thousand dollars after tax to make your economics work in the Bay Area.

The problem is the hole that opens up in a typical couple’s budget when they are in their late 30s. Three big pressures converge then: the mortgage on your expensive Bay Area home, and the dueling needs to fund your retirement and your kids’ college early so that you take advantage of compounding.

That’s why we say: You need equity to live in Silicon Valley.

And we say, you need even more equity to live in The Real Silicon Valley.  Then again, you could always rent AND send your kids to Community College and Cal State AND move to Arkansas for your Golden Years.

Basically this is another one of those “We make $250,000 a year and we feel sooooooo poooooor” pieces. Please all join in this First World Problems Pity Party because in lieu of another crap house for your disapproval.

Comments (9) -- Posted by: madhaus @ 7:06 am






September 7, 2010

A healthy priced property in Palo Alto

$1,499,000

image

Beds: 1
Baths: 1
Sq. Ft.: 570
$/Sq. Ft.: $2,630
Lot Size: 2,000 Sq. Ft.
Property Type: Detached Single Family
Stories: 1
Year Built: 1932
Community: College
County: Santa Clara
MLS#: 81026433
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 101 days
Three contiguous parcel with unlimited development potential. Parcel at 845 El Camino vacant and zoned CN. Parcel at 1829 Ash St. has one bedroom home in fair condition. Needs TLC. Zoned RM15. Unit on parcel behind 1920 Ash St to be considered not suitable for habitation without significant improvements. Zoned RM15. One structure may be encroaching on adjoining parcel and requires access easement.

Thanks to Burbed reader Jeff for this find!

I thought it would be great to start off the week with a healthy listing from Palo Alto. Yum yum! $2630 per square foot. This is beyond Real Bay Area! This is Super Real Bay Area!

Here’s what Jeff had to say:

Granted, the listing is suggesting redeveloping it, but with a 2000sqft lot that doesn’t seem to have unlimited development potential.

Of course this has unlimited development potential. All you need is unlimited money and unlimited time. And if you want to live in Palo Alto, shouldn’t you have those?

Or at least pretend to have those?

What would you do with this amazing property? I’m thinking… pergo, granite, and stainless steel everything.

Comments (13) -- Posted by: burbed @ 5:27 am