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rate this lovely house on a 12,000 sq ft lot

https://www.redfin.com/CA/Palo-Alto/460-Washington-Ave-94301...
beady-eyed institution
  02/20/18
I like that look v. what they look like when they've been re...
snowy sinister locus knife
  02/20/18
i feel like we say this every 5 years (insane, pricing is cr...
Comical stain
  02/20/18
I know...but $8m for that place that someone is going to dum...
snowy sinister locus knife
  02/20/18
(((Hehe))) even applies to partners who thought they maed it
beady-eyed institution
  02/20/18
we do, but he's right that $8M is a high number. you're play...
Irradiated Anal Site Party Of The First Part
  02/20/18
in the future, everyone will spend 100% of their income on h...
pontificating passionate macaca
  02/20/18
lol only $2862 / Sq. Ft.!!
harsh sanctuary
  02/20/18
...
Comical stain
  02/20/18
Are there any others besides all cash Chinese buying houses ...
khaki cruise ship lettuce
  02/20/18
When I was biglaw the BSD partners were buying $4-5m houses ...
snowy sinister locus knife
  02/20/18
more like 200k
Chartreuse goal in life set
  02/20/18
...
buff cuckoldry
  02/20/18
Unbelievable
Flirting milky digit ratio
  02/20/18
feels like land value pricing for a developer that’s gonna b...
Chartreuse goal in life set
  02/20/18
Huge lot. Build a 8000 square foot monstrosity and sell it ...
Diverse flesh school windowlicker
  02/20/18
https://ssl.cdn-redfin.com/photo/8/mbpaddedwide/638/genMid.M...
ivory splenetic philosopher-king indian lodge
  02/20/18
Purchased in 1972 for $70,000 Current owner's property ta...
buff cuckoldry
  02/20/18
gas | all | boomers
Comical stain
  02/20/18
...
supple sapphire theater stage son of senegal
  02/20/18
...
Frisky Carmine Corner
  02/20/18
Appreciation of 10% per year for 48 years.
ivory splenetic philosopher-king indian lodge
  02/20/18
*claws a path to the top of the economic heap* *lives lik...
ivory splenetic philosopher-king indian lodge
  02/20/18
What the fuck is wrong with people in SV? Why is that lot...
Dun Church
  02/20/18
It's in a walkable neighborhood in the nicest town in the ar...
snowy sinister locus knife
  02/20/18


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Reply Favorite

Date: February 20th, 2018 3:09 PM
Author: beady-eyed institution

https://www.redfin.com/CA/Palo-Alto/460-Washington-Ave-94301/home/1396627

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446162)



Reply Favorite

Date: February 20th, 2018 3:22 PM
Author: snowy sinister locus knife

I like that look v. what they look like when they've been redone. Whoever buys that is going to gut the kitchen and baths and redo them with modern garbage.

Spending almost $8m for that is absolutely insane and feels like a bubble. The $2-3m houses in Sunnyvale, Mountain View and South Palo Alto that Non sequitur poasts are one thing, because it's much easier to comprehend two people making $200k or one person making $400k buying them. $8m is getting into 0.5% territory even for SV. That used to be Hillsborough- and Atherton-only pricing.

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446254)



Reply Favorite

Date: February 20th, 2018 3:28 PM
Author: Comical stain

i feel like we say this every 5 years (insane, pricing is crazy, etc etc)

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446307)



Reply Favorite

Date: February 20th, 2018 3:32 PM
Author: snowy sinister locus knife

I know...but $8m for that place that someone is going to dump at least $400k on the roof, kitchen, and bathrooms, and all of the deferred maintenance things we don't know about. Will probably seem like a bargain in 5 years, though.

But jfc: $1.6m in cash down. I guess you can get there through equity in your starter house if you timed things right. A way to make even biglaw partners live hand to mouth.

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446331)



Reply Favorite

Date: February 20th, 2018 4:20 PM
Author: beady-eyed institution

(((Hehe))) even applies to partners who thought they maed it

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446628)



Reply Favorite

Date: February 20th, 2018 3:34 PM
Author: Irradiated Anal Site Party Of The First Part

we do, but he's right that $8M is a high number. you're playing in a different tier at that price point.

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446341)



Reply Favorite

Date: February 20th, 2018 3:24 PM
Author: pontificating passionate macaca

in the future, everyone will spend 100% of their income on housing

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446269)



Reply Favorite

Date: February 20th, 2018 3:27 PM
Author: harsh sanctuary

lol

only $2862 / Sq. Ft.!!

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446299)



Reply Favorite

Date: February 20th, 2018 3:28 PM
Author: Comical stain



(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446306)



Reply Favorite

Date: February 20th, 2018 3:42 PM
Author: khaki cruise ship lettuce

Are there any others besides all cash Chinese buying houses in this price range?

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446385)



Reply Favorite

Date: February 20th, 2018 4:03 PM
Author: snowy sinister locus knife

When I was biglaw the BSD partners were buying $4-5m houses (though they seemed to want to be in Los Altos Hills or Palo Alto on the other side of 280 v. Old Palo Alto) and this was a few years ago, so hehe inflation and you get to this point. If you're making 7-figures and have a bunch of equity from a starter house, it's not unthinkable, it's just crazy to get what would be an $800k house in most other places.

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446533)



Reply Favorite

Date: February 20th, 2018 4:10 PM
Author: Chartreuse goal in life set

more like 200k

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446571)



Reply Favorite

Date: February 20th, 2018 4:39 PM
Author: buff cuckoldry



(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446754)



Reply Favorite

Date: February 20th, 2018 4:05 PM
Author: Flirting milky digit ratio

Unbelievable

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446547)



Reply Favorite

Date: February 20th, 2018 4:09 PM
Author: Chartreuse goal in life set

feels like land value pricing for a developer that’s gonna build a mcmansion and try to sell it for $10m for a $1m profit.

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446566)



Reply Favorite

Date: February 20th, 2018 4:27 PM
Author: Diverse flesh school windowlicker

Huge lot. Build a 8000 square foot monstrosity and sell it for $12m. Profit.

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446660)



Reply Favorite

Date: February 20th, 2018 4:36 PM
Author: ivory splenetic philosopher-king indian lodge

https://ssl.cdn-redfin.com/photo/8/mbpaddedwide/638/genMid.ML81691638_28_4.jpg

You don't even get a new washer and dryer.

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446728)



Reply Favorite

Date: February 20th, 2018 4:36 PM
Author: buff cuckoldry

Purchased in 1972 for $70,000

Current owner's property taxes on it: $3300/year

Your property taxes on it: $90,000/year

LJL

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446729)



Reply Favorite

Date: February 20th, 2018 4:37 PM
Author: Comical stain

gas | all | boomers

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446741)



Reply Favorite

Date: February 20th, 2018 4:39 PM
Author: supple sapphire theater stage son of senegal



(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446759)



Reply Favorite

Date: February 20th, 2018 4:39 PM
Author: Frisky Carmine Corner



(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446758)



Reply Favorite

Date: February 20th, 2018 4:48 PM
Author: ivory splenetic philosopher-king indian lodge

Appreciation of 10% per year for 48 years.

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446806)



Reply Favorite

Date: February 20th, 2018 4:49 PM
Author: ivory splenetic philosopher-king indian lodge

*claws a path to the top of the economic heap*

*lives like a cop and a teacher in Iowa*

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446813)



Reply Favorite

Date: February 20th, 2018 4:57 PM
Author: Dun Church

What the fuck is wrong with people in SV?

Why is that lot so desirable? Seems like comps are in the 3-4M range.

What would the commute be to a decent job?

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446883)



Reply Favorite

Date: February 20th, 2018 5:06 PM
Author: snowy sinister locus knife

It's in a walkable neighborhood in the nicest town in the area depending upon what you want.

It's an easy 1 mile walk from Wilson Sonsini.

(http://www.autoadmit.com/thread.php?thread_id=3898617&forum_id=2#35446935)