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To: Kirk © who wrote (66115)	9/1/2004 2:42:33 AM
From: Amy J	Respond to of 77400

OT Kirk, It's not a historical house. That's the wrong house, but would prefer not to post links here, if you don't mind. RE: "are still in low $1M area in Palo Alto" Yes, this is true for other areas in Paly, though not the area this house is located, which is the area I said there hasn't been a house sold in that price range since the late 90s. The point of the comment is just to say, this is an insane real estate bubble, when a house shoots up around 3Xs in 7 years. It's no different than the stock bubble. (Humor... the definition of "luxury" home in Palo Alto is a 4 bedroom house.) "The average value of ``luxury'' homes in the Bay Area rose to a record-high $2.54 million in the second quarter, according to a study to be released today. That figure was up $357,000, or 16.4 percent, from a year earlier" mercurynews.com Regards, Amy J