Thursday, May 4, 2017

Thank Yoouuu Janet Yellen: A Silicon Valley 'Teardown' Just Sold for $2.6 Million

This is what happens in the area surrounding a Federal Reserve money printing spigot.

A 908-square-foot home in Palo Alto, California  hit the market in February for an asking price of $1,927,000.

The home built in 1937 and described by Curbed San Francisco as a "teardown," just sold for $623,000 over the asking price — that's a final sale price of $2,550,000.


1 comment:

  1. That (or the land + new home is very valuable) or you stumbled on to some shady government official's back-scratching dealings.