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.