Deleted
Posts: 0
Nov 1, 2024 5:33:00 GMT
|
Post by Deleted on Aug 8, 2016 0:53:32 GMT
Is that foil on one of the bedroom upper windows?  Looks like it - and it looks like there's been some kind of giant drywall patch right below those windows lol |
|
Deleted
Posts: 0
Nov 1, 2024 5:33:00 GMT
|
Post by Deleted on Aug 8, 2016 0:55:25 GMT
It has been on the market for 25 days, which is an eternity there. So, it likely is overpriced or there is an issue with the lot that makes it less desirable. I thought that I saw it's in contract. It shows as active, not pending, for me. |
|
|
|
Post by Merge on Aug 8, 2016 1:13:10 GMT
|
|
|
|
Post by flanz on Aug 8, 2016 1:26:28 GMT
You know what else is crazy, Eva Longoria sold her Hollywood home for only $1.395 Million. linkThat is crazy cheap for that house! Why such a tiny amount of equity in over ten years??? Wonder if something horrible went up next door... |
|
|
|
Post by meeko77 on Aug 8, 2016 1:47:19 GMT
For those of you in areas where this is the "norm" for the price of a house...how is this affordable for the majority of people? I mean I know some people have plenty of money. But, for your average middle class worker, how is this even possible?
ETA: I am asking out of a genuine need to figure this out so that maybe one day I can afford to move out there. I LOVE the Bay Area, but as a nurse and a teacher, we would NEVER in a million years be able to afford that. But I know not everyone out there is millionaires. So how do they do it?
|
|
|
|
Post by meeko77 on Aug 8, 2016 1:49:35 GMT
ocation, location, location. She took my answer. In my area of South Carolina (not near the coast), a million and a quarter would get you an expansive estate on some really nice acreage. In my area of South Carolina, which is not far from you, this would net you a very large, very nice home lakefront in an upscale neighborhood. |
|
The Birdhouse Lady
Drama Llama
Moose. It's what's for dinner.
Posts: 7,379
Location: Alaska -The Last Frontier
Jun 30, 2014 17:15:19 GMT
|
Post by The Birdhouse Lady on Aug 8, 2016 1:56:24 GMT
When I think of a million dollar home, THAT HOUSE is not what pops into my mind!!  |
|
|
|
Post by Clair on Aug 8, 2016 2:02:44 GMT
Location - location - location - absolutely.
But...that may be a Cliff May home. There are Cliff Mays and Cliff May inspired homes in Cupertino.
That home - in its prime or restored to it is a great example of mid century design. Cliff May is classic Callifornia mid century style.
I have been in many and hope to live in one some day.
|
|
|
|
Post by refugeepea on Aug 8, 2016 2:02:59 GMT
It wouldn't surprise me if we (Colorado) will be like that in years to come. My friend just moved from here to Texas. They got $5,000 over asking and then paid cash for a house in Texas. No house payment. She was telling me she couldn't believe all the things to do there was so cheap compared to Colorado. I've watched a lot of House Hunters. I was shocked at what little gets you for a place in Denver vs. Chicago. It was priced so much better in Chicago and there's a lot more things to see and do. There seems to be plenty of jobs there too. I guess it's lack of housing in Denver that jacks the prices up. |
|
Deleted
Posts: 0
Nov 1, 2024 5:33:00 GMT
|
Post by Deleted on Aug 8, 2016 2:08:35 GMT
For those of you in areas where this is the "norm" for the price of a house...how is this affordable for the majority of people? I mean I know some people have plenty of money. But, for your average middle class worker, how is this even possible? ETA: I am asking out of a genuine need to figure this out so that maybe one day I can afford to move out there. I LOVE the Bay Area, but as a nurse and a teacher, we would NEVER in a million years be able to afford that. But I know not everyone out there is millionaires. So how do they do it? Wages are higher across the board, there is a concentration of high-paying industries, and people who don't work in those industries have to commute, sometimes a very long distance. |
|
|
|
Post by tuva42 on Aug 8, 2016 3:23:27 GMT
Around here, that price would get you 5,000-8,000 sq ft, best schools, an acre or more, pool, a sun room or screened porch, 5-6 bedrooms and baths, 3 car garage.
|
|
|
|
Post by meeko77 on Aug 8, 2016 4:02:12 GMT
Looks like I missed my chance at the bay area unless somehow I have a rich relative that I dodn't know about who is going to leave me a nice chunk of change....sigh....a girl can dream...
|
|
|
|
Post by AussieMeg on Aug 8, 2016 4:15:25 GMT
WHAT the everloving.......  A few people here have mentioned that it's all about the location..... I'm looking at Google Maps and I can't see anything that would indicate a million dollar plus price tag on that very ordinary house. Why is Silicon Valley such a sought after location? (Asked by an Aussie who clearly has no idea.) |
|
|
|
Post by crazy4scraps on Aug 8, 2016 4:19:46 GMT
That amount of money in my general area will get you a 5 bed, 8 bath, 6500 SF open concept, move-in ready home on a lake with an in ground pool. Oh, on 4+ acres.
|
|
smginaz Suzy
Pearl Clutcher
Je suis desole.
Posts: 2,606
Jun 26, 2014 17:27:30 GMT
|
Post by smginaz Suzy on Aug 8, 2016 4:21:01 GMT
But your kids get to attend very good schools! Those are pretty awesome school scores. Of course, you'll need to educate your kids well so they can work in Silicon Valley and pay for your retirement.  |
|
|
|
Post by bosoxbeth on Aug 8, 2016 4:23:52 GMT
Hideous house! Location is everything!
|
|
|
|
Post by katlady on Aug 8, 2016 4:25:52 GMT
WHAT the everloving....... A few people here have mentioned that it's all about the location..... I'm looking at Google Maps and I can't see anything that would indicate a million dollar plus price tag on that very ordinary house. Why is Silicon Valley such a sought after location? (Asked by an Aussie who clearly has no idea.) It is where a lot of the hi-tech companies are located - Apple, Facebook, Google, etc. They pay well which is reflected in the prices of the houses. |
|
|
|
Post by ntsf on Aug 8, 2016 5:03:13 GMT
and apple and facebook and google and etc..are adding thousands of jobs to this area (google apple spaceship). and there is almost no housing being added. there has been very little housing added in 20 yrs. so you have thousands chasing the few apartments, and houses. middle class people either got in early and stayed..or live in pacifica in the fog or in san bruno next to the airport.. and teachers can't afford to live here (lots of shortages all the time) and nurses make $80,000 and more..bart drivers make about the same.. people commute a long, long way. lots of workers make $200,000 on up..and then when they get shares, they cash them in and buy a house..and this is one of the top markets for foreigners to buy a second home...and they tend to pay cash.. so the market goes up 20% a year. the averages on real estates sites can't keep up with the rise...
unless you are well off..no one buys a house. my son doesn't think he will ever afford real estate here.
he can inherit our house (with his sisters) along with the property tax rate.
|
|
|
|
Post by beaglemom on Aug 8, 2016 5:07:28 GMT
Location, location, location. If it were a block or two from the beach it would also be that much. What I was going to say Not the beach in this area. The places where the beach are in Northern California are far away from the rest of the Bay Area. Beach wouldn't guarantee you a great price. As others have said. Totally normal, not surprising. Just for fun I checked out property on Zillow. We bought as the market was crashing at the end of 2007. Zillow has the value as having doubled since we bought. My parents bought their house in 1980 for $100,000, spent way more than the rest of their friends. The house across the street that has a much smaller lot and has not been updated as much as theirs just sold for over 3million. The housing market here is insane! |
|
anniebygaslight
Drama Llama
I'd love a cup of tea. #1966
Posts: 7,402
Location: Third Rock from the sun.
Jun 28, 2014 14:08:19 GMT
|
Post by anniebygaslight on Aug 8, 2016 5:17:28 GMT
Looks like something from the terrible real estate photos site. They could have at least put the lid down on the dirty laundry hamper.
|
|
|
|
Post by beaglemom on Aug 8, 2016 5:17:34 GMT
To the salary question, I just asked dh and he said that almost anyone in tech in this area is easily starting over 100,000. I also read an article recently that mentioned that they are doing new financing for new tech hires with 0% down. It will be interesting to see what happens in the next 10-20 years as more and more people that are under prop 13 move on.
It really is one of the best places on earth to live. We are thinking of possibly moving to colorado in a couple years - both of dh's sisters live there and my parents and sister are thinking about it too. But we will keep our house. We are on a 15 year fixed mortgage that if we needed to we could pay off tomorrow and we should be able to rent it out for double our mortgage + property taxes. That way if we ever want to come back we can.
|
|
|
|
Post by papersilly on Aug 8, 2016 5:25:13 GMT
For those of you in areas where this is the "norm" for the price of a house...how is this affordable for the majority of people? I mean I know some people have plenty of money. But, for your average middle class worker, how is this even possible? This is the norm in our neighborhood. DH and I are regular Joes. We started off a mile down the street 20 years ago. At the tail end of the last recession, we moved to our current home. Since then, some major tech companies from up north opened campuses down the street. Housing prices skyrocketed and that's how our regular neighborhood has mostly million dollar homes. It was a pricey neighborhood to begin with but with the addition of the tech campuses, it's just insane. We couldn't afford to buy into this neighborhood today and it's only been 5 years since we bought in. The houses have appreciated that much. |
|
scrapaddie
Drama Llama
Posts: 5,090 
|
Post by scrapaddie on Aug 8, 2016 14:57:06 GMT
Not the beach in this area. The places where the beach are in Northern California are far away from the rest of the Bay Area. Beach wouldn't guarantee you a great price. As others have said. Totally normal, not surprising. Just for fun I checked out property on Zillow. We bought as the market was crashing at the end of 2007. Zillow has the value as having doubled since we bought. My parents bought their house in 1980 for $100,000, spent way more than the rest of their friends. The house across the street that has a much smaller lot and has not been updated as much as theirs just sold for over 3million. The housing market here is insane! My aunt has a property in Pacific Beach (San Diego). Her neighbors' properties that have sold have all been torn down to build new houses... So people are paying 1.5 million for a lot there! |
|
|
|
Post by compwalla on Aug 8, 2016 15:03:53 GMT
My sister lives in Sunnyvale. That house looks not too far off from hers. Last house I saw listed in her neighborhood was 1.5 million. Her house is worth a bit more because they have a pool. I used to work with a guy in Tucson who was originally from that area. His mom was a teacher; his dad was an engineer somewhere around there. They bought their house in the late 70s for you know, almost nothing. When both kids were grown and out of the house they sold it for nearly two million dollars and retired in Arizona. Too bad one can't time travel back to 1968 and buy up all the houses out there.  |
|
|
|
Post by snappinsami on Aug 8, 2016 15:16:02 GMT
It's sad that I've lived in California for so long that I look at that, shrug, and say, "Eh, whatever." Silicon Valley is just nuts, real estate-wise. Down here isn't much better. Get anywhere near the beach, and shacks go for that much.
|
|
|
|
Post by pierkiss on Aug 8, 2016 15:41:59 GMT
California real estate prices are absolutely insane. I don't understand how anyone can afford to buy a house out there, let alone afford to live out there.
|
|
|
|
Post by hennybutton on Aug 8, 2016 16:05:55 GMT
The lot is huge by California standards. That and the location are what's driving the price.
|
|
|
|
Post by mrsscrapdiva on Aug 8, 2016 16:35:53 GMT
It just amazes me! I makes me want to know how much the people in that area are making for money. I guess a double income of two high paid ceo's or engineers etc could swing that amount of money.
I still have sticker shock when it comes to house prices right outside of Boston and the Rt 128 area. We are only about 50 minutes north and there is a huge difference in housing prices.
|
|
|
|
Post by mymindseyedpea on Aug 8, 2016 17:54:11 GMT
My sister lives in Sunnyvale. That house looks not too far off from hers. Last house I saw listed in her neighborhood was 1.5 million. Her house is worth a bit more because they have a pool. I used to work with a guy in Tucson who was originally from that area. His mom was a teacher; his dad was an engineer somewhere around there. They bought their house in the late 70s for you know, almost nothing. When both kids were grown and out of the house they sold it for nearly two million dollars and retired in Arizona. Too bad one can't time travel back to 1968 and buy up all the houses out there. Yeah, I grew up in a house in San Jose, ( Almaden Valley ) that my grandparents bought in the 70's for something like 170 ( 4Bed, 2 1/2Bath ) and included a free membership to the country club. |
|
|
|
Post by papersilly on Aug 8, 2016 21:28:25 GMT
California real estate prices are absolutely insane. I don't understand how anyone can afford to buy a house out there, let alone afford to live out there. some of us Californians wonder the same thing about real state in Manhattan, New York. tiny apartments...no yard....huge price tags.
California real estate is insane! it has made millionaires out of regular joes by virtue of owning real estate in the desirable areas. when I was a kid, no one knew an actual millionaire and now they are everywhere thanks to real estate. we are not talking someone who owns a bunch of properties either. just one property with enough equity or paid in full can easily make you a millionaire around here and no one bats an eye.
|
|
