Is part of Palo Alto a bubble?

Google
kyujt23

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kyujt23
Apr 23 26 Comments

https://www.redfin.com/CA/Palo-Alto/47-Roosevelt-Cir-94306/home/601792

3m for this? The house is falling apart.

TC: 700k. Could easily do it if I wanted.

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 TOP 26 Comments
  • Meta / Eng
    PNMz61

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    PRE
    Microsoft, Yammer
     PNMz61
    It’s expensive - yes, but bubble - probably not
    Apr 23 5
    • Google
      kyujt23

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      kyujt23
      OP
      What’s list price?
      Apr 23
    • Apple
      DeepakMu

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      DeepakMu
      You are beyond crazy if you think that’s falling apart. It’s a slightly dated kitchen and one that’s not even that bad.

      A kitchen update would be rather cheap.

      I’m basing this off the pictures and not having seen it in real life but that house is actually quite well maintained it looks like, in a nice area, and an eichler which is sought after.

      I am guessing you like new build β€œMcMansion” type houses and there are a lot of those in Fremont / Newark. Have you looked there? If you’re looking for dirt cheap I saw a mansion in Indiana listed for 300k.
      Apr 23
  • Twitter
    pxGx10

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    pxGx10
    Why I moved out of California. In my mind, that is not worth even 600k. Regardless of what you can afford. Best decision I ever made
    Apr 23 3
  • Plaid
    GWwO43

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    GWwO43
    You’re buying the land, the house is worthless. Bulldoze it or fully renovate anyways.
    Apr 23 0
  • Google
    gokull

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    gokull
    Schools and pride motivates buyers to get these homes.
    Apr 23 0
  • New / Other
    zolonskyy

    New Other

     zolonskyy
    That low property tax though 😍
    Apr 23 2