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Adjusted for inflation only worth $225-250K.
Paying $700K was just insane... paying $500K is equally nuts.
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2011 Jun 27, 1:46pm
$250K @ 4.25% works out to an average housing expense of $800/mo over the next 30 years.
$500K works out to $1500/mo. Doesn't seem out of line. Rents in 30 years will be, what, $6000/mo?
Done!
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2011 Jun 27, 2:38pm
Adjusted for inflation only worth $225-250K.
Well by that logic then a 1995 Toyota Camry should sell for $50,000 not $1,800
$500K works out to $1500/mo. Doesn’t seem out of line. Rents in 30 years will be, what, $6000/mo?
Perhaps DT will turn in to Melrose Ave for the cool and hip...
But I doubt it ...
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Almost. Classic bay area bubble. Someone made a killing, someone got killed. Or did they just 'walk away'.
Apr 12, 2011 Price Changed $499,000 -- gone pending
Mar 23, 2011 Listed (Active) $529,000 -- Inactive MLSListings #1
Nov 24, 2004 Sold (Public Records) $770,000 19.2%/yr Public Records
Jun 13, 1996 Sold (Public Records) $175,000 11.3%/yr Public Records
Apr 28, 1995 Sold (Public Records) $155,000 -- Public Records
http://www.redfin.com/CA/San-Jose/825-N-2nd-St-95112/home/1304865