Saturday, December 16, 2006

Goin' to Hell in a Bucket

Former grateful dead retreat! (in the early 1970's). This is a very unique and private estate type lot on just over 1 acre of land (1.13 acres)in novato heights. Perfect opportunity to complete a major remodel and build your dream house. 2 story home currently undergoing major renovation. Already stripped and demo'd to the studs. Views, pool site, privacy, oaks, very unique.
So in other words, someone who "drank the koolaid", who fell hook, line, and sinker for all this pro-housing bunk, basically got caught with their pants down and are now trying to dump this loser POS on the next Greater Fool before they were able to even complete the desperately needed major renovation work. No doubt these sellers are singing to themselves “Every silver linings got a touch of grey...I will get by, I will get by, I will get by, I will survive.” But it seems to me, to paraphrase The Dead: "you're goin' to Hell in a bucket so enjoy the ride".

Thanks to the reader who found this one.

13 Comments:

Blogger B. Durbin said...

What's the sale price?

December 16, 2006 12:37 PM  
Blogger Marinite said...

Oops. I sorta did forget the details. To its credit, it's on one acre or so. Asking about $975,000 if I remember correctly.

December 16, 2006 8:13 PM  
Anonymous Anonymous said...

Are you sure it's not the old Charles Manson place? cuz that's worth alot too.

December 17, 2006 10:05 AM  
Blogger vfsv said...

The latest set of corrected Silicon Valley RE stats are now posted at:
http://www.viewfromsiliconvalley.com/id287.html

Thanks!

December 17, 2006 4:10 PM  
Anonymous Anonymous said...

WHAAAA! did this already slip off the foundation and down the hill?

December 18, 2006 11:50 AM  
Blogger WArenter said...

Checked out your blog a few times and it never ceases to amaze. But today I'm more disgusted than ever for some reason. How can anyone be serious about these prices?

December 23, 2006 5:20 PM  
Anonymous the housing fairy said...

good place to dump a body or two.

December 24, 2006 4:49 PM  
Anonymous marinmarin said...

Sounds like they are asking 1mill for 1 acre.

That is some pricey land.

Is it worth it?

That must be a wonderful view.

December 25, 2006 1:35 AM  
Anonymous Anonymous said...

This blog is funny. You guys are amusing...

The Bay Area is an expensive place to live, but compared to where I live (London, UK) it is dirt cheap. Trash here sells for £1 miillion ($1.96m); anything decent in a respectable area is £3 million (~$6 million). Many people here are interested in owning a winter home in San Francisco/Marin County considering how cheap everything in the United States is. Compared to Manhattan, Paris, Hong Kong, and Singapore, it's a steal.

You guys are all crazy if you think that San Francisco property prices will decline anytime soon. On the contrary, indicators are pointing to another price inflation in the region in 2007 and 2008.

Londoner

December 27, 2006 1:46 PM  
Anonymous Anonymous said...

Note to all Brits considering buying a "winter home" in the bay area -- bring your mac. It's not exactly the Costa del Sol.

December 27, 2006 6:14 PM  
Anonymous ross valley local said...

You guys are all crazy if you think that San Francisco property prices will decline anytime soon.

Perhaps you should indicate to your fellow Londoners that plenty of homes in Marin are sitting on the market, just waiting to be [cough] winter homes for well-to-do Brits. As anon 6:14 noted, I'm sure you'll feel right at home in our winter weather. Don't delay, as I bet someone from Sweden or Norway won't hesitate to winter here.

This is possibly one of the more tenuous (dare I say laughable?) arguments for propping up our local market, especially when Europeans can find themselves a summer home in S.France or Spain for notably less. (Not everywhere in the EU is as expensive as London) [/obvious]

December 28, 2006 12:09 PM  
Anonymous Anonymous said...

So sad that this blog is drying up.

I'm thinking marinite has been paid off.

Look at the main site.

No more anon posting.

Dead Dead Dead.

Hey Marinite....

I hope they gave you a big chunk of change.

December 30, 2006 1:59 AM  
Blogger Marinite said...

I wish I had been paid off. (just kidding) I just stopped posting and I don't want to have to monitor comments. I have been too busy at my new job, then there was jury duty that lasted a month, and now end of the year deadlines. Besides, there's not much more to say. And Marin's inventory of for sale houses is so low this time of year that it is very had to find POSs for this blog that I have not already posted.

December 30, 2006 12:23 PM  

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