daylatedollarshort
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 19, 2013
- Messages
- 9,358
OT: That's what we call a 'scraper'. 1.8M for a corner lot in Palo Alto that's a 15 minute walk from FaceBook's corporate headquarters, and three blocks from the University Ave shopping district. Scrape, put 600K into constructing a 2 story McMansion, and list for 3M plus for a nice profit.
Yeah, I know, it was a little dark humor left over from the recent house / net worth thread, since we've been house hunting in the Bay Area and that somewhat epitomizes what we've been seeing, even though we are looking in more middle class neighborhoods.