Category Archives: Real-Estate

Won’t You Be My Neighbor?

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After reading the “0.1% Problems” post on ZeroHedge (which was about a snippet from a local paper about a fellow complaining that billionaires can get whatever they want, whereas ‘average millionaires’ in Palo Alto cannot), I thought I’d share a property listing with you good people in case you want to join me here in my fair city (my house, mercifully, I bought into back in 1991 when prices were merely above-average, and not insane).

May I present to you 258 Middlefield Road, Palo Alto, California, which is located within walking distance from my house and is a mere $1,800,000 (well, that’s the asking price, but it’ll probably go for more). The property features ample storage in the back…….. (more…)

Since Palo Alto Isn’t Expensive Enough

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The Palo Alto Daily Post is packed, cover to cover, with real estate ads these days. Most of the houses range from $5 million to $12 million, but in case you got into Facebook (or one of their target companies) early, maybe that isn’t enough. Perhaps that’s why, day after day, the Post is running a full-page ad for a $21 million residence in Italy, of all places. Here’s the web site for the residence, in case you want to kick the tires.

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Won’t You Be My Neighbor?

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For a price not much higher than that of the Six Million Dollar Man, you can come hang with me here in drought-sticken Palo Alto! In this morning’s paper, there is a property featured in my neighborhood for the low, low price of $6.5 million, which is a cinch if you happen to be one of Facebook’s earlier employees. And the lot size – simply massive – a full .172 of an acre (and I am not making that figure up – less than one-fifth of a single acre). Must be pretty magnificent building, though, eh? Here ya go! (more…)

Real Estate Recency Bias

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If there’s one sweet job to have — besides being a Goldman banker – – it’s Palo Alto real estate agent (at least a top-tier one). These days, just toss an ad into the Palo Alto Daily Post, and, voila, multiple above-market offers, of which you get a healthy percentage. The winningest realtor in town these days in Ken DeLeon, who is (not surprisingly) given editorial space on a regular basis in the paper in which he advertises regularly so he can share his (cough cough) objective view on where real estate is headed. His conclusions, of course, tend to suggest everlasting upside.

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