[Shinkei]

Wow. I'm really trying to understand this house price. I just can't imagine who would think 1.3 million is a reasonable price for this house? I mean that's like a $10,000 mortgage. That's the same amount of money as a $333/night hotel room. A quick search of the area reveals $100/night hotels--typical across the country. So... how is this market priced housing? I mean I could have housekeeping and free breakfast every morning plus two or three 'bedrooms and bathrooms' in a secure, maintained property for the same price as this house. Sure, I am not building home equity... but I'm assuming a house rented in this area would not be a lot cheaper than that.

So your choices are rent or live in a hotel if you don't want to buy a home this expensive?

I would be making some tough choices if I had to move out there.

[jfim]

To be honest though, that one is an outlier. It's in a crap location (next to the highway) and looks pretty awful. I wouldn't be surprised if this is a house that the realtors can point to in order to make other houses in SV look "inexpensive" in comparison.

[jsmthrowaway]

> It's in a crap location (next to the highway)

Actually, the ease of getting to Central, Arques, Fair Oaks, and Wolfe makes that location extremely compelling for a lot of people, me included. From Central eastbound you would take the Fair Oaks exit, keep left onto America, and boop, you're home. That's actually pretty good, unless you're expecting Sunnyvale to behave like San Francisco and be anti-car.

This isn't theoretical, either. I know someone who specifically looked in those dozen or so blocks between Maude and Arques once his employer dug in about a mile away, and he ended up buying on Morse. He walks now. It's a cute little neighborhood, and I'd consider it if I were in the market.

[mbesto]

It's also been on the market for what appears to be 70 days. Houses in SV normally don't take that long to sell. That being said, it might be teardown material and the land alone would be worth $800k+