Saturday, June 6, 2009

Santa Clara Fishing

Is it really a good time to buy?
Is SillyCon Valley really immune?
Answers: No and No

Fasten your seatbelts, SillyCon Valley, the day of reckoning is appoaching.

Here's a random example of the insane bubble.
$630K at the peak.
He $HOOT$, he $CORE$!!!
(but they better convert some of that fiat profit to tangible assets; one way or another, it all has to be given back)

3173 Cabrillo Ave (or Movoto)
Santa Clara CA 95051
3 beds, 2.0 baths, 1,078 sq ft

Sale History
06/25/2008: $500,605 *
05/19/2006: $630,000 (Buy now or be priced out forever! Really?)
06/29/1995: $210,000

For Sale: $430,000

No comments: