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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...
out-of-control pistol temple
  02/20/18
I like that look v. what they look like when they've been re...
Crusty burgundy weed whacker heaven
  02/20/18
i feel like we say this every 5 years (insane, pricing is cr...
harsh sadistic forum potus
  02/20/18
I know...but $8m for that place that someone is going to dum...
Crusty burgundy weed whacker heaven
  02/20/18
(((Hehe))) even applies to partners who thought they maed it
out-of-control pistol temple
  02/20/18
we do, but he's right that $8M is a high number. you're play...
adventurous place of business
  02/20/18
in the future, everyone will spend 100% of their income on h...
sooty at-the-ready double fault
  02/20/18
lol only $2862 / Sq. Ft.!!
sticky milky lay
  02/20/18
...
harsh sadistic forum potus
  02/20/18
Are there any others besides all cash Chinese buying houses ...
insanely creepy awkward rehab
  02/20/18
When I was biglaw the BSD partners were buying $4-5m houses ...
Crusty burgundy weed whacker heaven
  02/20/18
more like 200k
Bistre sanctuary doctorate
  02/20/18
...
Tantric odious field
  02/20/18
Unbelievable
aromatic mental disorder nowag
  02/20/18
feels like land value pricing for a developer that’s gonna b...
Bistre sanctuary doctorate
  02/20/18
Huge lot. Build a 8000 square foot monstrosity and sell it ...
Gay Set Indirect Expression
  02/20/18
https://ssl.cdn-redfin.com/photo/8/mbpaddedwide/638/genMid.M...
smoky school cafeteria
  02/20/18
Purchased in 1972 for $70,000 Current owner's property ta...
Tantric odious field
  02/20/18
gas | all | boomers
harsh sadistic forum potus
  02/20/18
...
excitant degenerate shrine
  02/20/18
...
aqua submissive plaza
  02/20/18
Appreciation of 10% per year for 48 years.
smoky school cafeteria
  02/20/18
*claws a path to the top of the economic heap* *lives lik...
smoky school cafeteria
  02/20/18
What the fuck is wrong with people in SV? Why is that lot...
Carnelian Sick School
  02/20/18
It's in a walkable neighborhood in the nicest town in the ar...
Crusty burgundy weed whacker heaven
  02/20/18


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Reply Favorite

Date: February 20th, 2018 3:09 PM
Author: out-of-control pistol temple

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: Crusty burgundy weed whacker heaven

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: harsh sadistic forum potus

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: Crusty burgundy weed whacker heaven

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: out-of-control pistol temple

(((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: adventurous place of business

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: sooty at-the-ready double fault

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: sticky milky lay

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: harsh sadistic forum potus



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



Reply Favorite

Date: February 20th, 2018 3:42 PM
Author: insanely creepy awkward rehab

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: Crusty burgundy weed whacker heaven

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: Bistre sanctuary doctorate

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: Tantric odious field



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



Reply Favorite

Date: February 20th, 2018 4:05 PM
Author: aromatic mental disorder nowag

Unbelievable

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



Reply Favorite

Date: February 20th, 2018 4:09 PM
Author: Bistre sanctuary doctorate

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: Gay Set Indirect Expression

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: smoky school cafeteria

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: Tantric odious field

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: harsh sadistic forum potus

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: excitant degenerate shrine



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



Reply Favorite

Date: February 20th, 2018 4:39 PM
Author: aqua submissive plaza



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



Reply Favorite

Date: February 20th, 2018 4:48 PM
Author: smoky school cafeteria

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: smoky school cafeteria

*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: Carnelian Sick School

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: Crusty burgundy weed whacker heaven

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)