Just how is it that things have improved or stabilized in northern CA?
2012 Oct 22, 11:33pm 11,150 views 36 comments
by nehope follow (0)
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I already did. Again- you aren't going to answer the questions I asked because again-doing so would more or less prove my point.
. A few minutes walk from this place also on Duane Ave is a a place called Fusion. Prices start in the high 550's(out of our range already). The one we liked was decent, 4/3 1900sq feet. Good size for this area. I walk into the office and are told bidding starts at 850k. WTFFFFF.
3. While depressed, we drove around a saw a couple of townhomes about 5-6 years old in Santa Clara. Saw a decent one around Scott Blvd, a 1700 sq ft 3/2 selling for 600k+ in a matter of days the realtor tells me and they got multiple offers.
Who is buying all these places? I am very confused as to what has changed in the last 1 year that prices middle of the road townhomes in the dumps of Sunnyvale and Santa Clara are selling for 750-850k and getting multiple offers. Meanwhile my rent is being raised about $300/month.
I looked into renting at Fusion from a Craigslist ad last year.
The landlord was your typical computer geek/pinhead. Barely in his early twenties, Chinese, with an accent, unkempt, coke bottle glasses, etc. I'm not being racist. Just laying out the demographic. I asked him where he works and he said he's an engineer at google.
This guy told me he bought TWO of the townhomes and he's renting one out.
Now, I doubt he's a long-time employee with millions in the bank. If he were, he wouldn't be living in shitty Sunnyvale, across from crapboxes built in the 50s.
He either got 2 FHA loans or has rich parents in China who own sweatshops.
Again, not being Xenophobic but we all know that Chinese wealth is built upon corruption and treating humans like animals with no regard to their well being or safety (not much different than us, but at least we have some modicum of worker safety).
Again. You didn't answer the question.
Is there a skipping record in here? Give it a rest. Like I said-you already lost the argument so give it up.
1: How long have you been waiting for the bubble to pop assuming there still is one?
2: How long have you saved cash for a house?
How long have you been waiting for the bubble to pop assuming there still is one?
How long have you saved cash for a house?
How long have you been waiting for the bubble to pop assuming there still is one?
How long have you saved cash for a house?
ANSWER the questions:
How long have you been waiting for the bubble to pop assuming there still is one?
How long have you saved cash for a house?
You didn't answer the question.
What is "Wallah"?
Just curious.
Dude. Chill. It's bread for French toast.
How long have you been waiting for the bubble to pop assuming there still is one?
How long have you saved cash for a house?
You didn't answer the questions:
How long have you been waiting for the bubble to pop assuming there still is one?
How long have you saved cash for a house?
Darrell are you a dweeb or just a run-of-the-mill retard? You really are devaluing what is left of anything of substance on this site.
MORON, you friggin looked it up. You know he meant Voi'la. 90% of Americans write it as walla or something like that. What, you think that is the only foreign phrase that yanks misspell? Give it a rest will ya. Your childish ranting is sooooo getting old.
facebooksux,
Our rent has gone up about 600/month in our 2nd year of lease.
bubblesitter
@
2012 Oct 25, 1:12am
facebooksux,
Our rent has gone up about 600/month in our 2nd year of lease.
Get the hell out of there.
90% of Americans write it as walla or something like that. What, you think that is the only foreign phrase that yanks misspell? Give it a rest will ya. Your childish ranting is sooooo getting old.
I disagree and thought it was really funny. There's room for a little more education for all of us. I've been throwing out at least a type per comment.
It sounds like this has been cause for anger, though, and I'm sad about that. I hope others enjoy the good humored side of the situation, since it seems clear that Darrell is here to lighten the conversation and to provide balance to a conversation that is normally extremely biased toward always, of course, why would you think otherwise, buying houses. The inundation of that message has driven people to decisions which significantly deter from their pursuit of happiness despite thoughts which seemed to align with that pursuit.
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http://www.realtor.com/realestateandhomes-detail/2214-Pacheco-Blvd_Martinez_CA_94553_M25668-83426
Okay, I purchased the house in this link in 1996 for $119K, re-fied twice till total owed was 200K, and then sold it in 2006 for 406K - as is (and it needed a lot of expensive work). When I owned it it was 2bd 2ba, 1100 sq ft with no central air or heat. The people who bought it apparently sunk a great deal of money - now 3 bd 2ba, 1300 sq ft with garage finished as in-law and central air/heat. They also put on a new roof, redid the front porch and replaced the concrete in the back yard with grass. A lot of money! Anyway, I doubt this will sell for $199K especially as the house next door went for $135K as a foreclosure. I also noticed as I searched this zip code (been keeping a eye on it since I left) there were only 50 houses for sale in Martinez where there used to be hundreds. Has everyone given up or are those now part of the so-called "shadow inventory" waiting to be loosed on the world?
I feel sorry for these folks - first house, young family, probably poured their hearts & souls into making this a home, but I've been predicting this would happen for six years and it still makes me sad. Especially since I won this game - despite having used that house as an ATM for ten years, I still walked away with enough to pay cash for a brand new house in NC.
Anyway, I don't see an end in sight out there.
#housing