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Redfin crap shack flood


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2019 Jul 26, 3:23am   1,056 views  5 comments

by Al_Sharpton_for_President   ➕follow (5)   💰tip   ignore  

An unofficial measurement of crap shack dumping:

A while back I posted on a more than usual flood of San Diego homes for sale, especially condos, coming to my inbox from Redfin. Now I am seeing a flood of Bay Area and LA crapshacks for sale.

Por ejemplo: This 1954 shack can be yours for only $1.6 million. 1,127 Sq. Ft., $1419 / Sq. Ft. Some worker peon bought this home on his factory salary in the '50's.

WHAT A DEAL!

https://www.redfin.com/CA/Cupertino/10221-Sterling-Blvd-95014/home/796207



Comments 1 - 5 of 5        Search these comments

1   Ceffer   2019 Jul 26, 9:56am  

A pissoir in Sunnyvale is worth ten square blocks of residential in Tennessee. This is God's design, and as the Founding Fathers expected.
2   RWSGFY   2019 Jul 26, 10:03am  

willywonka says
Por ejemplo: This 1954 shack can be yours for only $1.6 million. 1,127 Sq. Ft., $1419 / Sq. Ft.


It's a fucking Eichler to boot.
3   FortwayeAsFuckJoeBiden   2019 Jul 26, 10:07am  

A lot are houses that had no maintenance done for years. Shoddy plumbing and electrical. Dusty vents and central air that’s on last leg.

People can dream
4   SunnyvaleCA   2019 Jul 26, 11:07am  

This house went for sale recently in the 94087 zip of Sunnyvale...
https://www.zillow.com/homedetails/634-Carlisle-Way-Sunnyvale-CA-94087/19614206_zpid/

It's one of the smaller, less "open" Eichlers with uninteresting floor plan. I think it was original owner. It had a lot of original hardware. If you look at picture 6, you'll see a 1960s era telephone hanging on the wall. That phone had two big bells on top like a classic alarm clock of the same vintage. It also had a 15 foot cord on the handset. I think that's what was called "mobility" back in the day!

Anyway, this is definitely a house that should be bulldozed. Unfortunately, as a "classic" Eichler, there might be all sort of government restrictions.

Whoever buys this will sure have their work cut out for them:
• pay $1.5 MM (or thereabouts)
• deal with huge government red tape as you bulldoze (and probably pay $40k ... asbestos, lead paint, mercury, etc)
• even more red tape to get new plans through the city ($50k or more, plus 6 months or more of waiting)
• $700k and 9 months or more waiting while the building is done

All-in-all you're looking at $2.5 MM and a minimum of a year of waiting. For that you got a nice new house that would cost $500k anywhere else in the country. But at least it is a short commute to the Apple Spaceship!
5   clambo   2019 Jul 26, 1:26pm  

I just saw you can buy an island with a mansion and a dock in the Bahamas for $3 million.

These places in Cupertino and nearby are gigantic tax liabilities for as long as you own them.

As if the absurd price weren't bad enough, your property taxes will be huge and will never end.

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