Category Archives: Real-Estate

Ten. Million. Dollars.

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I have written about my town, Palo Alto, many times here on the Slope of Hope (a sampling can be found by clicking here), and these posts tend to focus on its rapidly-escalating real estate prices. I personally think we’re past the top at this point, since I’ve noticed the For Sale signs in my neighborhood are actually just sitting there. It used to be that houses sold instantly. At this point, I’m noticing the signs lingering for weeks. Something has changed.

In spite of this, I noticed something on my regular early morning dog walk that I wanted to mention. In the twilight of 5:30 a.m., I noticed a small home around the corner from mine had a For Sale sign. I had long noticed this little house, because it was on a surprisingly large lot, almost completely devoid of anything but squirrels, and it was a cute little cottage. Having seen the sign, I was curious what they were asking. Two million? Three million, perhaps?

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This is Getting Silly

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I’ve offered many tales about the insanity of real estate here in the Silicon Valley, such as:

But now I’ve got a new high – – not in Palo Alto exactly, but just up the road a few miles. This big-ass (20,000 square feet) house is going for Eighty Eight Million dollars (which is a non-too-subtle inducement to some Chinese billionaire, since the more superstitious among them are really, really hung up on the number 8). But if this strikes your fancy, you don’t have to be Chinese, so long as your money is green. Form a single line! No cutting, please!

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Your Home is Your Castle (by Bob Kudla)

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Since Tim is taking some time off, and we are in the holiday slumber, I am posting some non direct, market topics. Enjoy.

As the elites desperately try to centralize and homogenize us. Technology allows us to stay a step ahead. This is becoming ever clearer in the home. For rural communities it is now a reality, and increasingly so for the suburban family.

It all started with solar hot water, for the home and the pool. This technology is over 100 years old, and used quite a bit before utility gas replaced it. Now the systems are very space efficient and durable.

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Palo Alto Outdoes Itself

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As many of you know, the real estate market in Palo Alto has been going bananas for years, particularly recently. I’ve written about this phenomenon here, here, here, and – my favorite – here.

I’ve lived in Palo Alto since 1991, and at the time, it was a terrible stretch for the very-young Tim to buy a house in town. In retrospect, it was one of the greatest (and few) “long’ positions of my life, since it’s worth about twelve times what I paid for it back then.

I sure wish I could buy a put option on it, though, because we’ve got to be at some kind of zany top, given the front page headline on this morning’s Daily Post. Here ya go:

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