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

[ReinyDays]

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

This property is half the price of any in the neighborhood ... a coat of paint, some landscape work ... off it at $2.5 million in 3 months ...

Every real estate market is local ... where a small bungalow will cost you five million, the MIL cottage runs 2 million ... simple ... just remember, homelessness in Palo Alto is a better standard-of-living than hearth-and-home in Alabama ...

 

[The Duke]

This property is half the price of any in the neighborhood ... a coat of paint, some landscape work ... off it at $2.5 million in 3 months ...

Every real estate market is local ... where a small bungalow will cost you five million, the MIL cottage runs 2 million ... simple ... just remember, homelessness in Palo Alto is a better standard-of-living than hearth-and-home in Alabama ...

How so?

 

[ReinyDays]

How so?

Fundamentals ... or supply-and-demand if you like ...

 

[The Duke]

Fundamentals ... or supply-and-demand if you like ...

No. Explain how being homeless in Palo Alto is better than having a home and hearth in Alabama.