patrick.net

 
  forgot password?   register

#housing #investing #politics more»
736,909 comments in 75,804 posts by 10,911 registered users, 5 online now: BayAreaObserver, Ceffer, curious2, lebowski522, Strategist

new post

3077 Mariposa, Burlingame, CA 94010

By jvolstad   2012 Nov 18, 7:37am   1,801 views   8 comments   watch (0)   quote      

http://www.zillow.com/homedetails/3077-Mariposa-Dr-Burlingame-CA-94010/15512360_zpid/

A crowd of people for this Sunday afternoon open house. The price was close to $600 a sq ft. Wow. I wonder how many people were really buyers and not just lookers.

I spoke with the Realtard and said that I was interested but did not have a buyers agent as of yet. Her response was that I didn't need one of those.

As I walked out of the house, another Realtor tried to give me her business card and said that she was a buyers agent and would take good care of me.

I'll bet.

The people in this area are just nuts. Thank God I rent.

#housing

Comments 1-8 of 8     Last »

1   Kevin     2012 Dec 23, 9:52am  ↑ like   ↓ dislike   quote    

Looks like they delisted it.

2   jvolstad   143/143 = 100% civil   2012 Dec 23, 12:25pm  ↑ like   ↓ dislike   quote    

http://www.redfin.com/CA/Burlingame/3077-Mariposa-Dr-94010/home/2048468

Looks like it sold for $200K over asking price. They must print money here in the Bay Area.

3   Kevin     2012 Dec 23, 1:47pm  ↑ like   ↓ dislike   quote    

$150k over asking actually

At current rates, with 20% down, this is only $4500 a month. A family making 150% of the median income in Burlingame could afford that.

That's the equivalent of a $875k purchase just 4 years ago.

4   jvolstad   143/143 = 100% civil   2013 Jan 13, 12:39pm  ↑ like   ↓ dislike   quote    

Kevin says

At current rates, with 20% down, this is only $4500 a month.

Only? Too rich for my blood.

5   mell   63/63 = 100% civil   2013 Jan 13, 12:50pm  ↑ like (2)   ↓ dislike   quote    

jvolstad says

Kevin says

At current rates, with 20% down, this is only $4500 a month.

Only? Too rich for my blood.

Burlingame has nice areas and it's reasonably close to the city, but the whole bay area is overpriced. Most older homes are constructed super poorly, so you basically pay for the land.

6   waiting_for_the_fall     2013 Jan 13, 2:32pm  ↑ like   ↓ dislike   quote    

Banks are giving out 40 and 50 year loans now, which means lower monthly payments. And low monthly payments is all that counts, right??

When will the madness end?
http://www.bankrate.com/brm/news/mortgages/20070125_50_year_mortgages_a1.asp

7   RentingForHalfTheCost     2013 Jan 24, 7:21am  ↑ like   ↓ dislike   quote    

That backyard alone is worth the price. I mean, where in the world could you a 2000sqft yard with at least half of it usable. Think about all the entertaining you can do. I'm surprised that some biotech executive didn't pay 2million for this place. I mean, right way, it speaks loudly that "I made it!".

8   edvard2     2013 Jan 24, 7:39am  ↑ like (1)   ↓ dislike   quote    

Always amazes me that there are basic hum-drum 60's rancher houses in the BA that sell for over a million bucks. And a $4,500 mortgage payment? That's a steep payment even if you're making 200-250k. More like 400k would be more like it...

Comments 1-8 of 8     Last »

users   about   suggestions   contact  
topics   random post   best comments   comment jail  
patrick's 40 proposals  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home