Meathead,
On the Burke thread, Gene Parrott occasionally posts real estate listings in Silicon Valley. I always get a kick out of them. I agree ground zero is the valley, simply because pricing is so out of whack. Folks forget that not too many years ago the valley had fairly high unemployment after the tech bust of the early '80's. I'd bet the market has already cooled rapidly, and will continue to do so out there as more and more dollars go to 'money heaven'.
Regards,
John
To: James R. Barrett who started this subject
From: Gene Parrott Thursday, December 14, 2000 10:13 AM ET
Reply # of 86855
Silicon Valley Real Estate bubble.
Haven't done this in a while. People buying these are in for a lot of pain.
Cheapest house listed in Los Altos.
$698,000 Located in Los Altos, County: Santa Clara, Zip Code: 94024.
965 LORAINE AV.
This single story detached, cottage/bungalow home has 1 bedroom(s), 1
bath(s) and is
approximately 600 sq. ft. This home has a 1 car garage, patio.
realtor.com.
The low-end in Saratoga.
$1,350,000 Located in Saratoga, County: Santa Clara, Zip Code: 95070.
This 51 year old single story detached, cottage/bungalow home has 2
bedroom(s) and is
approximately 1831 sq. ft. Rooms include a family room/kitchen combination,
breakfast area,
laundry room, guest room, workshop, foyer. Other features include
fireplace(s), breakfast bar,
skylight(s). This home has a 2 car garage, patio. The lot is fenced.
realtor.com. |
