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To: KeepItSimple who wrote (69831)	7/26/1999 8:49:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

<Have you considered living in a less expensive part of the valley? > Why would I want to? Besides, staying right here is the cheapest thing I can do. We are in the midst of an inet-lead real estate bubble. The high end is exploding. Example: friends just sold their Atherton teardown (40 years old, needs new kitchen, bathrooms). Asking price: 1.4M. Days on market: 1. Number of offers: 9. Number of offers above asking price: 7. Final sale price: 1.7M. Sold to: Young exec of local inet company. Paid with: inet stock. Example: Just listed: 3 bedroom, 3 bath Palo Alto home. Nice neighborhood. Asking price: 3.5M.