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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (43768)	10/28/2005 5:26:54 PM
From: Live2Sail	Read Replies (1) \| Respond to of 306849

Hey Lizzie, Coupla things... I finally saw what I consider to be a steal for a rental in my area. 2250 for a 4bd/2ba. Haven't seen it in person, so I don't know its condition. It was listing for $2500 last week and wasn't moving. Still not moving. You'd think that they'd want to get it rented, but ... their assessed value is $81,000, so they pay taxes of what, 810/year? They can hold out forever. It does look like other rentals are coming into the range of "reasonable." Houses continue to get reduced and dropped off the MLS without reaching sale pending. Inventory has been steady, though. Lastly, what the hell is up with those Excite@home and Inktomi buildings? Is the Excite@home wrapped up in bankruptcy issues? I had heard that they were talking about using it for residential redevelopment. It's been vacant for years, along with the Manugistics building across the street. All the windsurfers want their employer to move into that Inktomi building. What a spot! Back during the boom, I used to take my wife to Shoreline park in Mtn View to learn to windsurf. It was hellish driving the 1 mile from the 101 exit to the park. Took like 20-30 minutes at 5:00pm. After the bust, there were tumbleweeds rolling down Shoreline ave. I called it "The Boulevard of Broken Dreams." It is still rather empty. L2S