Wednesday, October 22, 2014

The State of Madness in Silicon Valley: ‘Uninhabitable’ Palo Alto Home On Market For $1.8M

Palo Alto, California, home of Stanford University and in the heart of Silicon Valley, is also near the heart of the Fed money printing spigot.

This is what happens near the spigot:

An uninhabitable home a realtor says may be infested with rodents is on the market in Palo Alto for $1.8-million.

“We thought it would possibly go for $650-thousand, maybe $700-thousand.  Then when it came out originally for $1.6-million, and then they raised it to $1.8-million, we were like, I’m kind of dumbfounded,” neighbor Dave Ashton said, according to CBS San Francisco.

The house is so bad that prospective bidders can’t even go inside to take a tour.  Part of the house is being held up by wooden posts.

Get this:
Realtor Debbie Wilhelm told KPIX 5, that if the home’s eventual new owners plan to bulldoze the house and start fresh, they will likely have to add nearly $1-million on to the price tag.
Have you had enough yet?  Get this:
The seller received two offers Tuesday, and Wilhelm says it sold to a group of investors.

1 comment:

  1. yet all the gold in the world fits into an Olympic sized swimming pool and can't get out of it's own way...go figure....or at least china has..............

    China Gold Association: 2013 Gold Demand 2199t

    We now have official confirmation from the China Gold Association (CGA) that Chinese wholesale gold demand in 2013 reached 2,200 tonnes, in contrast to what all Western consultancy firms and news outlets have been reporting. On September 11 the China Gold Yearbook 2014 (that covers the financial year 2013) was released by the CGA on the China Gold Congress in Beijing.

    As you can read below in the translation from a Chinese press release about the China Gold Yearbook 2014, the CGA states Chinese wholesale gold demand in 2013 was 2,199 tonnes; bullion import 1507 tonnes, doré import from overseas mines 17 tonnes and domestically mined gold accounted for 428 tonnes. (scrap supply must have been 247 tonnes)

    Why the Western media don’t report on these numbers is “a mystery”. Remember the 1,500 tonnes net imported in 2013 by China exclude PBOC purchases!