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"San Carlos housing market remains strong"
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2009 Sep 16, 2:17am 1,548 views 3 comments
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stocksjustgoup
2009 Sep 16, 3:03am
This is an advertising piece disguised as a news story. Many newspapers seem to be selling their souls for this kind of thing. I guess they're that desperate for revenue. No wonder they're all going bankrupt.
http://www.insidebayarea.com/sanmateocountytimes/localnews/ci_13337510
Strong because 17 of 90 units are sold ?? Gee, I thought this was the fortress, the place where everything bid up and sold within hours. And 2 of the 17 are sold to one old man who needs to get out of his Los Altos Hills place because he can't drive. It's ok, he'll just tear down a a wall between the two units to make it livable.  Maybe it will become an assisted living residence. Â
This place looks basically like any other non-descript CA apartment building. I particularly like (not) the fake balconies overlooking El Camino Real.  I drove by on Sunday and there were big shiny for sale signs up all around the building but no-one actually going in the building. No cars parked around it, nothing. Just a bunch of shiny for sale signs and tumbleweeds.
#housing