A good friend of mine who, among other things, sells real estate in my little town, mentioned to me in an email this morning that prices had gone “stratospheric.” I’d like to offer you a sample of what he means in a full-color, full-page ad I tore out from this morning’s Palo Alto Daily Post.
I present to you what you can get for $2 million in Palo Alto (truth to tell, it’ll probably go for a meaningful amount over the asking price):
This is a 2,000 square foot house with 4 bedrooms (petite, I would assume) and 2, count ‘em, 2 bathrooms. The descriptive text struggles to brag about this little cottage, although it does mention your guests will be “impressed” by the “fireplace”.
I know Palo Alto pretty well, so I’m acquainted with the area of this residence. It features one of the noisiest, busiest roads in town (A), and features a railroad which, every twenty minutes or so, has a huge, loud train blowing its horn and clattering along the tracks (B). There is also the prospect of many years of noisy construction as an ill-fated high speed rail system goes into place on the same thoroughfare. And all this can be yours in the house marked (C).
All I can say is that I’m glad I bought my place in 1991. I could never afford my home now.