$ 1,988,000 buys you basically a shack in Palo Alto CA

[scruffy]

The title is self explanatory. No way, no how is this house worth this kind of money. Something has to give at some point. Obviously Palo Alto is in a wealthy area but houses seem to be overpriced just about everywhere. And, then there are rent costs to be discussed.

Who can afford 12,000 a month in rent?

Not me!

Our 5 bedroom 2 story house with an acre of land in Tulsa costs less than what I pay for a tiny apartment in Burbank.

California rents are nuts. No wonder so many people are homeless.

And then on the flip side, you have NY corporations renting out shared rooms in Hollywood for 1400 a month. That's just ridiculous, for that you get to share a bathroom with a stranger.

CA is enforcing on the people living in RV's now. Bad idea. At least those people are clean, the homeless just leave their trash on the sidewalk.

 

[M14 Shooter]

$2 million in my neck of the woods gets you...

 

[Zincwarrior]

Palo Alto is dominated by extreme high tech as well as multiple aerospace defense entities. Its also landlocked.

 

[imawhosure]

Anyone think that California's open border policy might be partially responsible for these prices?

California real estate is ridiculously expensive.

But you would be in a crappy location. Location is everything.

$2 million in my neck of the woods gets you...

View attachment 1158552

My friends, don't believe ANYTHING the QUACKS tell you about CA real estate. Know why prices are so high? REGULATION, period, end of story!

Ever driven through California? It is MASSIVE, with massive amounts of open land, but go ahead and try and build anything on it, lol. You have to worry about bugs, birds, lizards, tadpoles, along with everything else the LEFTISTS might want to protect. If a builder tries to build a new sub-division, it takes MILLIONS of dollars in studies, and 10 to 12 years to get approved; and it is highly unlikely IT will NOT get approved! So a builder can invest 25 to 30 million into land, have enviro studies go on for 8 years at the cost of another 10 to 12 million, and in the 9th year, be told some tadpole is being protected there. So now you have a piece of land you invested 35 to 40 million into for 8 years with ZERO return, and now NOBODY can build on the land, so the land is worth ZILCH!

If you look, the QUACKS and their SUPER REGULATION took over leading up to 1992. (actually, they were taking over before that, but it did not show at the ballot box until 92) And so, what happened to the OVER REGULATION of the housing market, massively higher taxes, and basically a 1 party system run by the QUACKS?

Look at this link on housing starts that never got back to where they were in 1988, even as the influx of ILLEGALS INCREASED as CA became a SANCTUARY State.https://journal.firsttuesday.us/the-rising-trend-in-california-construction-starts/17939/

And by the way----------->California became a SANCTUARY STATE in 2017. Look at the housing starts since then, lololololol. All run by the QUACKS, and a certain QUACK person on here is 100% correct---------->this is caused by the LAW OF SUPPLY AND DEMAND! Problem is, like always, the QUACKS have their fingers in it, and the supply side is way to short for the demand side, thnx to the QUACKS over regulation!

Anybody want to elect QUACKS in 26 and 28, let alone Newsome as President and turn the whole country into CALIFORNIA, lolololololol!

California residential construction starts | firsttuesday Journal

Multi-family and SFR construction continue to lag behind demand for new housing.

journal.firsttuesday.us

 

[Thinker101]

My friends, don't believe ANYTHING the QUACKS tell you about CA real estate. Know why prices are so high? REGULATION, period, end of story!

Ever driven through California? It is MASSIVE, with massive amounts of open land, but go ahead and try and build anything on it, lol. You have to worry about bugs, birds, lizards, tadpoles, along with everything else the LEFTISTS might want to protect. If a builder tries to build a new sub-division, it takes MILLIONS of dollars in studies, and 10 to 12 years to get approved; and it is highly unlikely IT will NOT get approved! So a builder can invest 25 to 30 million into land, have enviro studies go on for 8 years at the cost of another 10 to 12 million, and in the 9th year, be told some tadpole is being protected there. So now you have a piece of land you invested 35 to 40 million into for 8 years with ZERO return, and now NOBODY can build on the land, so the land is worth ZILCH!

If you look, the QUACKS and their SUPER REGULATION took over leading up to 1992. (actually, they were taking over before that, but it did not show at the ballot box until 92) And so, what happened to the OVER REGULATION of the housing market, massively higher taxes, and basically a 1 party system run by the QUACKS?

Look at this link on housing starts that never got back to where they were in 1988, even as the influx of ILLEGALS INCREASED as CA became a SANCTUARY State.https://journal.firsttuesday.us/the-rising-trend-in-california-construction-starts/17939/

And by the way----------->California became a SANCTUARY STATE in 2017. Look at the housing starts since then, lololololol. All run by the QUACKS, and a certain QUACK person on here is 100% correct---------->this is caused by the LAW OF SUPPLY AND DEMAND! Problem is, like always, the QUACKS have their fingers in it, and the supply side is way to short for the demand side, thnx to the QUACKS over regulation!

Anybody want to elect QUACKS in 26 and 28, let alone Newsome as President and turn the whole country into CALIFORNIA, lolololololol!

California residential construction starts | firsttuesday Journal

Multi-family and SFR construction continue to lag behind demand for new housing.

journal.firsttuesday.us

Having interacted with the Coastal Commission, I 1000% agree. As far as the open land, about 50% of California is owned by the Federal and State governments. The prices in just about any city someone would want to live in are fricken ridiculous. On the upside, one could still buy a house for $100k - $150k, in "beautiful" places like Fresno and Bakersfield.

 

[Independent thinker]

The title is self explanatory. No way, no how is this house worth this kind of money. Something has to give at some point. Obviously Palo Alto is in a wealthy area but houses seem to be overpriced just about everywhere. And, then there are rent costs to be discussed.

Jesus, is the thing built over an active gold mine?

 

[LAUGHatLEFTISTS]

Your first foray into real estate? The land is worth whatever someone will pay. I didnt click but it’s obviously a tear down for someone who wants to build on it.

Except for Trump properties right?

 

[imawhosure]

Having interacted with the Coastal Commission, I 1000% agree. As far as the open land, about 50% of California is owned by the Federal and State governments. The prices in just about any city someone would want to live in are fricken ridiculous. On the upside, one could still buy a house for $100k - $150k, in "beautiful" places like Fresno and Bakersfield.

Agreed! I have absolutely zero problem with people supporting the DemoQUACKS, as long as those people are aware of what QUACK policies do. I can think they are crazy for supporting them, and as I stated------------>as long as they know what voting for absolute QUACKERY does when it is instituted, if they want it, so be it!

But, the rest of America needs know how the QUACKS screw up everything they touch, unless you are a card carrying SOCIALIST, supporting ILLEGAL ALIENS being allowed to pick Americans pockets in SANCTUARY City's/States!

A REAL American would ask the ABSOLUTE question------------>with our tax money, who do we want to help? Is it poor BLACK AMERICANS, poor Hispanic Americans, poor white Americans in Appalachia, or people from outside of our country like MEHHHHHHIIIIICCCCCCO, Venezuela, El Salvador, Columbia, etc, who want to take all of their federally funded money, along with the jobs that would give them a leg up to the next level?

Right now, that is the TRILLION dollar question of the 26 midterms!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[Dr. Phosphorous]

The title is self explanatory. No way, no how is this house worth this kind of money. Something has to give at some point. Obviously Palo Alto is in a wealthy area but houses seem to be overpriced just about everywhere. And, then there are rent costs to be discussed.

Look up how much an old dumpy little house on First Street in downtown Los Angeles is worth. It will blow your little MAGA mind.

 

[citygator]

Except for Trump properties right?

TDS

 

[Thinker101]

Look up how much an old dumpy little house on First Street in downtown Los Angeles is worth. It will blow your little MAGA mind.

Yep, and when you load it up with 18 illegals, it's a bargain.

 

[Rogue AI]

Due to inept Democrat policies, it can cost up to ten times that amount for a pile of ash in Pacific Palisades. The only truly valuable real estate in America is in places Democrats don't control.

 

[Winco]

People who live in Cali and NY are so ******* stupid. 1 story ranch 1 bed 1 bath 1.8 million in crime infested areas.

Duuurrrrrr.........
You fail to realize that there are other places in these States that aren't in the Big Cities......Duh.

 

[CrazyTrader55]

Due to inept Democrat policies, it can cost up to ten times that amount for a pile of ash in Pacific Palisades. The only truly valuable real estate in America is in places Democrats don't control.

That's one way of looking at it!

Great post.

 

[Sparker]

Real estate is a bubble. It will pop. Many will cry, and more will laugh.

 

[ThisIsMe]

Your first foray into real estate? The land is worth whatever someone will pay. I didnt click but it’s obviously a tear down for someone who wants to build on it.

I was thinking the same thing. You're buying the land not the house

 

[citygator]

I was thinking the same thing. You're buying the land not the house

Yea. I posted the neighborhood prices a little after this post. Mostly $5M homes.

 

[The Duke]

People who live in Cali and NY are so ******* stupid. 1 story ranch 1 bed 1 bath 1.8 million in crime infested areas.

That's how greedy their local politicians are and how docile the people are that put up with it.

 

[leftwinger]

The title is self explanatory. No way, no how is this house worth this kind of money. Something has to give at some point. Obviously Palo Alto is in a wealthy area but houses seem to be overpriced just about everywhere. And, then there are rent costs to be discussed.

If you want a $400K job nearby you got to pony up or drive in 3 hours a day. Its horrible. I know. I am too cheap to pay that. You can get a bigger apartment for $3K/mo.

 

[Dont Taz Me Bro]

The title is self explanatory. No way, no how is this house worth this kind of money. Something has to give at some point. Obviously Palo Alto is in a wealthy area but houses seem to be overpriced just about everywhere. And, then there are rent costs to be discussed.

It’s worth whatever price somebody is stupid enough to pay for it