Saturday, October 22, 2005

Nothing Special

Why am I picking on this one? What's so special about this house you say? It doesn't look like a PoS. That's precisely my point. That's the point of this whole blog! This house and many, many others like it in Marin make it plain just how out of whack the housing market is in Marin (and elsewhere, of course). Sure, there are some very nice houses in Marin that deserve to command a million dollars or more. But this is a nothing-special house. Nothing special has been done to it. The lot is small and the interior is 1980s era. There's absolutely nothing wrong with that but nothing special either. It's a 1320 sq ft modest house, for modest income folks. And how much will this nothing-special house in Corte Madera set you back? Only $1,199,000 as of today.


Blogger Marin_Native said...

This home would fetch about 150 to 250K in about 95% of the rest of the US. But in "God's Country", it's about 5 to 9 times more than that.

Yeah, I know the weather is great, and you can drive up north in an hour or so and drown yourself in good wine, but really folks, this is just outrageous.

October 23, 2005 3:49 AM  
Blogger Marinite said...

I should add that its price is 17x the median yearly income for Marin. Outrageous indeed.

Glad to know there is another Marin native who feels that RE here is broken.

October 23, 2005 11:11 AM  

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