(no subject)

[jay]

My neighborhood (Monta Loma) was once an Ohlone Indian village, with a 200m burial mound bulldozed in the 1950s to clear space for a school and more tract homes. One corner of the neighborhood is home to a closed HP office building... our neigborhood association is (internally) debating the merits of a lawsuit to stop a zoning change to high-density residential. See http://www.mercurynews.com/mld/mercurynews/news/breaking_news/9140608.htm?1c

... With homes costing about $600,000, it's also one of few affordable single-family residential neighborhoods left in the city, McBain said.

*snerk* only in Silicon Valley would that denote "affordable"... for unrenovated 1100 sqft 1950s homes.

Comments

[geekchick]

Median price in Fairfax is something like $485K these days; don't remember the exact figure, but I remember it was up 28% from last year. Another reason we aren't looking for a house right now, and are going to wait for prices to drop (eventually). I saw something in the paper on Saturday I think about how the potential new Google millionaires are already affecting the housing market, with lots of people holding out for full asking prices and buyers being in more of a hurry to make offers before the IPO and the additional competition.