4 ms·

Google maps says it’s about 1.5 hours to Market Street arriving at 9am. $600k for a 1,000 sqft house with 3 bedrooms and 1 bathroom in a horrible school distric

Google maps says it’s about 1.5 hours to Market Street arriving at 9am. $600k for a 1,000 sqft house with 3 bedrooms and 1 bathroom in a horrible school district with that commute isn’t really a good deal.

Balgair 8y ago
Horrible School District!? MDUSD isn't all that bad, is it? Granted it's been a while since I was there. YV isn't College Park, sure, or De La Salle, but it ain't Mount Diablo. I guess things have changed then. Also, 600 for that house is a bit of a steal. My folks live across 680 in PH, and the house next door just went for 950 a year ago. In the end, all these comments are just dancing around the real issue: Prop 13. Nothing will make sense in CA housing until Prop 13 is revoked and the inevitable wild swings in the housing stock then settle down. EDIT: Ok, that's right, I forgot. YV is like 4 blocks from De La Salle. So, they take all the good students and leave all the rest of the 'poor' students to go to YV. I forgot. If you look at all the other High Schools in the area, they're all 8/10 or 9/10.
- moorhosj 8y ago
  ==If you look at all the other High Schools in the area, they're all 8/10 or 9/10.== And this house would be even more expensive if it was in the boundaries of those schools. $600k for a house that size, more than an hour outside of a city, with poor local schools is astronomical. Prop 13 deserves a lot of the blame. However, at some point the prices reach a point where people will just move to New York, Boston, Chicago, Philly, Austin, Nashville, Portland, Dallas, etc. In Chicago, we have already seen some of this with companies like Foursquare, Google, Facebook, Coinbase and Salesforce opening more engineering-focused offices in the past couple of years.
  - sharkmerry 8y ago
    I think prop 13 is 99% of the issue. It disincentivizes moving at an increasing rate the longer you hold on. Taxes rising with market value prevents this acceleration. Average home value in Palo Alto is 2,901,408. Average Property tax is 0.42%. $12185.88. Thats the equivalent tax bill of a new house worth 1.2 million, less than 50% of the average house value in Palo Alto

Balgair 8y ago

Horrible School District!? MDUSD isn't all that bad, is it? Granted it's been a while since I was there. YV isn't College Park, sure, or De La Salle, but it ain't Mount Diablo. I guess things have changed then. Also, 600 for that house is a bit of a steal. My folks live across 680 in PH, and the house next door just went for 950 a year ago. In the end, all these comments are just dancing around the real issue: Prop 13. Nothing will make sense in CA housing until Prop 13 is revoked and the inevitable wild swings in the housing stock then settle down. EDIT: Ok, that's right, I forgot. YV is like 4 blocks from De La Salle. So, they take all the good students and leave all the rest of the 'poor' students to go to YV. I forgot. If you look at all the other High Schools in the area, they're all 8/10 or 9/10.

moorhosj 8y ago
==If you look at all the other High Schools in the area, they're all 8/10 or 9/10.== And this house would be even more expensive if it was in the boundaries of those schools. $600k for a house that size, more than an hour outside of a city, with poor local schools is astronomical. Prop 13 deserves a lot of the blame. However, at some point the prices reach a point where people will just move to New York, Boston, Chicago, Philly, Austin, Nashville, Portland, Dallas, etc. In Chicago, we have already seen some of this with companies like Foursquare, Google, Facebook, Coinbase and Salesforce opening more engineering-focused offices in the past couple of years.
- sharkmerry 8y ago
  I think prop 13 is 99% of the issue. It disincentivizes moving at an increasing rate the longer you hold on. Taxes rising with market value prevents this acceleration. Average home value in Palo Alto is 2,901,408. Average Property tax is 0.42%. $12185.88. Thats the equivalent tax bill of a new house worth 1.2 million, less than 50% of the average house value in Palo Alto