Wednesday, April 11, 2018

Thank You Federal Reserve: Burned-Out Silicon Valley Home Hits Market for $800,000

A Silicon Valley home gutted by fire has gone on the market with an asking price of $800,000.

“They did leave it standing so you can remodel it versus tearing it down so you save a lot of money when you can leave a wall up and do a remodel versus a complete tear-down," Realtor Holly Barr told KTVU.

Barr told KTVU she’s already received at least 10 offers and expects to sell the property in the next few days.

-Robert Wenzel  

(via Sacramento Bee)


  1. Replies
    1. I award you no points, and may God have mercy on your soul.

  2. Sounds like a bargain rather than money printing. Think of it as a land sale. With neighboring homes going for 1.6mil that leaves $800K for demo and building costs. Odds are it wouldn't cost anything close to $800K to build a house like the neighbors' have.

    1. Yeah, so just never mind that fact that they are selling a 0.13 acre lot for $790K. IMO there isn't a single acre of property in the entire world that is worth $6.0M per acre. This is clearly a case of property values gone wild due the influence of foolish monetary policy.

    2. Oh the whole condition there has to do with government interventions. My point is this is simply not a special case even worth noting.