Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (15556)	4/5/1998 10:19:00 PM
From: Bonnie Bear	Respond to of 94695

can you buy a house for 660K in Los Altos? I looked at $125K houses- 800 sq ft, 2 bd 1 ba in Cupertino Rancho rinconada when I moved here in early 88. My mother cried-how could I think of buying that, I was going to go bankrupt, etc,etc. A month later I couldn't afford to buy it. Fortunately I was in connecticut (without a house) in the middle of the 85 mania, I remembered the wave hit condos about a year after it hit houses, until condos were more expensive than houses. So I caught the condo train perfectly, got off six months later with 60K more for a house down payment, and bought in. A saw my 125K house I wanted to buy back then -on-sale this week for only a half-mil. Never mind you can't rely on the single bathrooms in that neighborhood because the sewer system is full of roots, and that for half the year you can't open the front door or the garage because the houses shift so badly on the clay soil. It's the school district, you know. At least in Los Altos you get a half-acre lot instead of an eighth.