patrick.net

So if that guy dropped down to about 1.05 mill, it's probably be 'priced right?'

I love the dumpster and construction truck in the street view.

Exactly!!

Seller dropped it more than half a million, but the guy who paid $1.4M still got ripped off in a huge way.

You could rent the same thing for less than $4000/month for sure, so the house is worth only $762K maximum. Check my rent vs buy calculator.

@Patrick,

So the data is in now for this house? So tempting..so tempting...

And the usual question... "Have you see it from the front?"

Completely agree, Patrick!

But as a local renter, I really wonder what it will take to get down to that price. Could you imagine someone listing a home in Central Menlo, walking distance to schools for $700/800K?

I would LOVE it, but I would have to check my eyesight!

I really don't know if we will get there and I'm getting kind of tired of waiting!

American in Japan says

And the usual question… “Have you…?”

Have I what? Sorry I'm kind of slow sometimes.

avpmenlo says

I really don’t know if we will get there and I’m getting kind of tired of waiting!

Would you feel better if I paid you $3,657 per month to rent that place at the market rate instead of "owning it"? If so, you should rent it because that's about how much you'll save every month!