Saturday, April 29, 2006

Mill Valley Disconnect

Here's a sorry Mill Valley POS (3 br 2 ba, 1216 sq ft, built in 1953) that is described by the realtor as "a fixer" and that will cost you $825,000:


Here's what you get for a similarly located house near Seattle, WA (3 br 2 ba, 3205 sq ft, built in 2006) that comes with all the lifestyle upgrades that you could possibly imagine for $819,500:


Duh!

20 Comments:

Blogger Rob Dawg said...

Alex, I'll take door number two for $819k....

April 29, 2006 4:34 PM  
Anonymous Anonymous said...

I lost money on a Marin POS in 1990. No desire to go back. Had a neighbor who got red tagged and fined for puting a few nails in his deck to keep from falling through. Moved out to the desert and loved it till I lost that home to the crash of 91. I should have rented in San Anselmo before buying. That way I would have known that people from So Cal. are concidered undesirable and unwanted. Fool me, I should have sued the town for discrimination. Im geting ready to retire and going back to the desert.

April 30, 2006 12:50 PM  
Blogger Marinite said...

Yes, if you want to alienate yourself in Marin just tell your neighbors that you moved from SoCal. You will be treated like you have the plague. And if you really want to put people off, just tell them that there are some things that SoCal does right that Marin (or NorCal in general) still doesn't get.

April 30, 2006 6:43 PM  
Anonymous by_palladium said...

the compare and contrast is awesome. I think this is the first one that you have done like this...

Don't forget that "rainy" seattle has almost the same annual precipitation as Mill Valley (I have looked it up in the past, don't feel like it now...I think it was somewhere between 35 and 43 in per year).

April 30, 2006 8:42 PM  
Blogger Marinite said...

It is the first one and I think I will continue to do it off and on.

I am extremely familiar with the Seattle area. Yes, the amount of precipitation is about the same. I think reskeptic can confirm since he has said he lived there too.

April 30, 2006 9:48 PM  
Blogger Dana Muise said...

The second photo looks kind of doctored.

April 30, 2006 10:41 PM  
Anonymous cashed out in Seattle said...

here's the problem:

The 800K Seattle home will be 500K in a couple years.

The compare/contrast is starling. But I would recommend waiting no matter WHERE you want to buy.

April 30, 2006 11:31 PM  
Blogger john_law_the_II said...

yeah, if you wanted to rent instead of buying in mill valley or outside of seattle, we all know the benefits.

1. you can rent a bigger home for less, or the same if you want.
2. better schools, probably.
3. shorter commute because you'd have to move far out to afford a home. this saves lots of time and gas $. what good is a house if you aren't there to see it?
4. you can live closer to a desirable area
5. you can use some of you equity to pay off CC, cars or college.

May 01, 2006 10:33 AM  
Blogger marin_explorer said...

Yes, the amount of precipitation is about the same. I think reskeptic can confirm since he has said he lived there too.

Surprisingly, my locale in Marin has 50% more rain than downtown Seattle. And that's a normal year. It's not the rain as much as the winter darkness.

The second photo looks kind of doctored.

That's a computer rendering. I'm guessing the house is still under construction.

May 01, 2006 10:34 AM  
Blogger fredtobik said...

The amount of rainfall is similar, but... I remember looking at sunny days per year and Seattle averages 70~... Where the middle and north towns of Marin were in the 200 range. That is a lot more golfing, and I would bet the happy meter is higher in Marin, isn't Seattle known of high suicide rates?

May 01, 2006 10:42 AM  
Blogger marin_explorer said...

Seattle: 38 inches/year
Kentfield-Tam area. 48-55"/year depending on dataset (this is a local wet spot)

Agreed...it's the cloud cover and hours of daylight in Seattle, but some people still manage without Prozac.

May 01, 2006 10:55 AM  
Anonymous Anonymous said...

Let's see, that WA house would be at least double in price in Marin. So, is the weather in WA so extremely different to be worth holding an additional $800,000 of debt or to live in that tiny Mill Valley house? Frankly, I would find that MV house more depressing to live in than WA's weather.

May 01, 2006 2:53 PM  
Anonymous wontgetfooledagain said...

So in 2003 I did just that - cashed out & sold my 2100 sq ft. 81 yr old Mill Valley House & bought a brand new 4000+ sq. ft. house in Bellevue, about 12 miles from downtown Seattle. Mortgage went down $800 a month. I can tell you - eight months of the year the weather is gray, dark, rainy & miserable in general. Summers are spectacular - far better than the fog covered summers here. Came back to MV & paid a fortune to do so. A big house up there is nice - but you will spend most of the year inside it. Lifestyle in MV is FAR SUPERIOR to Seattle - sorry, no contest in my book.

May 02, 2006 10:56 AM  
Anonymous whoareyoutryingtofoolfred said...

Yeah, right

May 02, 2006 1:27 PM  
Blogger marin_explorer said...

you will spend most of the year inside it

Well, if you expect California weather up north, you won't find it. Yeah, the winters can suck up there, but that's why people buy Gortex and get out anyway. Bellevue's a nice town, especially along the lakes. I spent a week on Lake Sammamish last fall. I'd take that anyday over LA or the crackling-hot Southwest. I'm sort of glad the NW isn't for everyone.

May 02, 2006 4:16 PM  
Blogger fredtobik said...

Sorry not me.

Seattle is nice but it is not in the league of the SF Bay Area or Marin IMO.

If you want to live in a McMansion in the rain go for it...

May 02, 2006 4:48 PM  
Blogger VO5 said...

I live 2 doors away , went to see this POS in person and its definately a roach by any standards.

Funny the troll (RE agent) was giving it her all saying all the sales crap you could immagine and more.
Anyway I thought my POS was an outragous price at 791K, this place has a much smaller lot and is 35 K more. already 5 offers on it. INSANE

May 02, 2006 10:39 PM  
Blogger rejunkie said...

vo5-

Welcome back! I remember you 'fessing up to buying this Tabula Rasa.

Don't you feel better about it now? How is the fix-up going?

May 03, 2006 7:09 PM  
Blogger VO5 said...

Its going well the inside looks fantastic, the outside a bit rough still. How is all with you?

May 12, 2006 11:41 PM  
Blogger VO5 said...

decent now that the rains have stopped I am looking on doing a bit of landscaping here, how is all with you?

May 12, 2006 11:42 PM  

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