4 ms·

It's not even close - a crappy house on the peninsula is 1.7M, with the median closer to 2.5-3M. I mean, look at this: https://www.redfin.com/CA/Palo-Alto/3785

It's not even close - a crappy house on the peninsula is 1.7M, with the median closer to 2.5-3M. I mean, look at this: https://www.redfin.com/CA/Palo-Alto/3785-Park-Blvd-94306/home/1149731 https://www.redfin.com/CA/Palo-Alto/3785-Park-Blvd-94306/hom... I think Austin is better about building too, meanwhile in the Bay Area they just rejected units desperately needed in the tenderloin because they might become a "tech dorm".

ijidak 5y ago
> https://www.redfin.com/CA/Palo-Alto/3785-Park-Blvd-94306/home/1149731 https://www.redfin.com/CA/Palo-Alto/3785-Park-Blvd-94306/hom... Wow. That is unreal. Yeah, no region in almost any region of America comes close to Bay Area prices.
- rcpt 5y ago
  Scroll to the bottom to "tax history" to see how this can be. Despite the value of the house going to the moon the previous owner was just sitting on a decade old assessment with no pressure to sell.
- Matthias247 5y ago
  Vancouver BC might be in the same range now, where things like this show up for 2M CAD. And the conversion rate won't make up for the differences in salaries
winkeyless 5y ago
Yeah, Palo Alto is extraordinarily NIMBY. A suburban area with single family houses + high paying jobs = exclusionary house prices
kelnos 5y ago
I don't think Palo Alto is a great comparison; it's a mixed new/old-money city where a lot of rich people live (with the ultra-rich next door in Menlo Park and Atherton). Compare Austin to something like Fremont, San Jose, or perhaps San Mateo. Sure, those will still be more expensive than Austin, but that $1.7M number is pretty realistic for a nice house in those other cities.
- gonehome 5y ago
  You can find a house for 1.7M in San Mateo if you’re lucky but it will still be small and old. What you get for that in Austin is in a different league.
vesuvianvenus 5y ago
Housing in the Tenderloin? shudders The drugs, the filth, the human droppings, the humans raving in the street in drug induced stupors... I don't want to say "the Tenderloin needs less housing" but I do think it needs less people. And ways to discourage people from moving there. I don't want to take a job in downtown SF precisely because the street scene there: filthy, noisy, chaotic, and dangerous. Get all the people who buy drugs out of the Tenderloin so the drug dealers have reason to be there so they'll leave. :(

ijidak 5y ago

> https://www.redfin.com/CA/Palo-Alto/3785-Park-Blvd-94306/home/1149731 https://www.redfin.com/CA/Palo-Alto/3785-Park-Blvd-94306/hom... Wow. That is unreal. Yeah, no region in almost any region of America comes close to Bay Area prices.

rcpt 5y ago
Scroll to the bottom to "tax history" to see how this can be. Despite the value of the house going to the moon the previous owner was just sitting on a decade old assessment with no pressure to sell.
Matthias247 5y ago
Vancouver BC might be in the same range now, where things like this show up for 2M CAD. And the conversion rate won't make up for the differences in salaries

winkeyless 5y ago

Yeah, Palo Alto is extraordinarily NIMBY. A suburban area with single family houses + high paying jobs = exclusionary house prices

kelnos 5y ago

I don't think Palo Alto is a great comparison; it's a mixed new/old-money city where a lot of rich people live (with the ultra-rich next door in Menlo Park and Atherton). Compare Austin to something like Fremont, San Jose, or perhaps San Mateo. Sure, those will still be more expensive than Austin, but that $1.7M number is pretty realistic for a nice house in those other cities.

gonehome 5y ago
You can find a house for 1.7M in San Mateo if you’re lucky but it will still be small and old. What you get for that in Austin is in a different league.

vesuvianvenus 5y ago

Housing in the Tenderloin? shudders The drugs, the filth, the human droppings, the humans raving in the street in drug induced stupors... I don't want to say "the Tenderloin needs less housing" but I do think it needs less people. And ways to discourage people from moving there. I don't want to take a job in downtown SF precisely because the street scene there: filthy, noisy, chaotic, and dangerous. Get all the people who buy drugs out of the Tenderloin so the drug dealers have reason to be there so they'll leave. :(