Tuesday, February 21, 2006

"That Doesn't Look Like a Very Good House"

And so I am browsing the listings this evening and my young daughter walks in and says "Hey, that doesn't look like a very good house". And I say, being a good parent and all, "Oh, it's not so bad" when in fact what I want to say is "No, it's not; it's a boring, pink, stucco PoS". This Strawberry structure, built in 1943, comes in at 797 sq ft and sports 2 br 1 ba. The best the realtor can muster is to say that it is in "move in condition!" (they just always have to add that exclamation point like it is really going to seal the deal) and alludes to "updates" that for some inexplicable reason go unelaborated upon. And so how much shall you pay for a boring, Mill Valley, stucco waste? Why, a mere $775,000. That shouldn't be a problem at all to the 90% of all Marin residents who cannot afford the median priced house.


Anonymous rejunkie said...

Updates! Move-in condition! I am such a slack realtor that despite earning at least $23k if it sells, I spent only 20 seconds writing the one line description!

February 21, 2006 9:53 PM  
Blogger Marinite said...

slack. work for your money, slacker.

February 21, 2006 10:28 PM  
Anonymous Anonymous said...

"That shouldn't be a problem at all to the 90% of all Marin residents who cannot afford the median priced house"

Surely you can't be serious. Where did you pull that data? And please define what you mean by "afford".

February 23, 2006 3:30 PM  
Anonymous Anonymous said...

Marin's affordability is 10%.


You should read this blog more carefully:


February 23, 2006 4:29 PM  
Blogger sf jack said...

Yeah, how do you like that?

Marin affordability at 10% in December, 12% the month before.

At that rate, no one by June!

No one with any common sense can buy in Marin by June - everyone who's in is in! And everybody else is out!

(Unless they want to consider some exotic loans or they want to take the limo down to work at Google every day. Yipppeeee!)

February 23, 2006 6:17 PM  
Blogger Marinite said...

Heh, "no one by June". That's like "20% appreciation per year forever".

That would turn a $1 mill house into a $1 billion house in like 13 years or so.

February 23, 2006 7:47 PM  
Anonymous Anonymous said...


BUY NOW and be a BILLIONAIRE by 2019!!!

The price of houses will go UP FOREVER!!!

Soon everyone all over the whole world will be in hock for generations just to have a roof over their heads!!


February 25, 2006 12:52 AM  
Anonymous Anonymous said...

I congratulate on your parenting skills- that must have been hard to do- you really sucked it up on that one.

February 28, 2006 10:45 PM  
Blogger fredtobik said...

Where do they get their numbers for income?

March 04, 2006 3:26 PM  

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