Video at the link.
Starter home.
Fools and their money are soon parted. I can't think of a worse investment at this time. Buy high and sell for what its actually worth about $2,500 bucks.
More people in the US = costly housing
It is California. It is bankrupt. It is lawless.
Elites know the value of having a great community - the kind most Americans lived in before the creepy ‘elites’ decided they wanted a cheap servant class... and opened the borders.
Lot is 7800 SF
Its way overpriced IMO bit that is important context
Supply and demand.
I remember hearing a story on the radio a few years back about the growing popularity of micro-homes. They were no more than 300-400 square feet, and most of the owners were single, no kids, and had few friends. I couldn’t help but wonder: Even with no spouse, kids, or friends, would 300-400 square feet be enough for their Harry Potter collectibles?
The buyer is paying for the lot, not the house. They’re going to tear down that house and build a much larger house (assuming zoning allows it).
Almost certainly the land it is sitting on that is worth that.
California aka Hell on Earth II ... used to be I but New York is now Hell on Earth I
Location location location.
Buy and knock this POS down, build a new house for $1 million, double your money.
So her parents named her, Cherry Pie?
Or is that her stripper name?
Thousands of chinese are flipping houses in the country. I met a guy on a plane from Columbia who is flipping houses in Florida. He said he picks up foreclosures for a few hundred dollars each. Said he had 24 homes at the time and that he LOVES America.
$1.7M, $2M, what does it matter as long as the owner can borrow against it to get more property?
This is what happens when fiat currency gets overprinted and overtaxed. The globalists are fully understand and embrace that crypto, real estate, and slaves are assets found throughout the world.
7,800 sq ft lot.
I bought my first house in Palo Alto on a 7,800 sq ft lot in 1978 for $100,000. Dad said “Son, that’s the stupidest thing you’ve ever done.”
Dar didn’t understand the Silicon Valley market back then just like few on this post understand it, either.
then they sell them and move to my area for one and can buy everything...it makes our properties unaffordable for our local people...
Faviola Perez Bonafede, the co-listing agent for the property...Cherry Xie put down an offer...Builder Amir Naghavi...
At one point they got over $1mill for some trap house looking tuna can on Mission St.
We’re in a recession!!!/s