Tasteful friends, I need your opinion about this house

It is hard to time the real estate market OP. If you plan on living in the home 10+ years does it really make any difference if you paid $1,200,000 or $1,100,000 for it.

0/10 tech bro housing troll

I'm astonished to find that this double wide last sold for 1.23 million dollars. 'murika....

It's a perfectly fine house OP

But I'd be pretty unhappy if I paid $1.3MM for a house that would cost about one-eighth of that amount pretty much anywhere else in America. I know Bay Area prices are crazy right now but I feel they can't last.

Some towns will hold value because of the school district, or, if you have kids, you might overpay because even with high property taxes, if you're planning to be there for 15+ years, it's still cheaper than 12 years of $50K private school tuition per kid.

Are schools a concern for you?

It's an ugly-looking little house. I'm sure you'll find something much better in that price-range.

You missed out on a top-quality 0.15 acre concrete yard for only $1.2 MILLION, OP?

It needs an accent wall.

God, I hate "accent" walls? WTF does one "accent"?

It's not bad. Hate the bathroom. The exterior is obviously ego-wilting. Screams lower middle class.

Back yard is quite nice.

Also it needs a pebble bubble fountain

Hideous. And sadly, something my parents could have paid 20 grand for.

You like concrete, R9?

Is your patio made of gold, R12? I can see why it would be a downgrade.

That first bathroom is awful. What are the taxes? You can only deduct property taxes up to $10k now.

This is not the home of a tech titan.

Bland, bland, bland. Nothing interesting at all. A hard pass.

The price of this house makes my heart hurt.

It may look cheap but given the lot size is huge you can expand it to add 700 sq ft. It should cost 150k to 200k.

I think its a good house given how expensive that area is

It's amazingly mediocre

Where is the Shiplap™ wall?

You dodged a bullet OP.

wtf?

looks like a trailer!

R18 “Huge”? It’s 60 ft by 110 ft.

It’s a concrete postage stamp, R18. Where are you from that that’s “huge”? I’m offended. Lol.

Did you look at the assessed value? $62K. Which mean that's what it sold for many years ago, and it still has the same owner.

r25 Also means the owner has been paying almost nothing in taxes this whole time.

It's not special but it's not objectionable. The price doesn't seem bad for the area and, visually at least, lots of upgrades seem to have been done.

Nah, you didn't miss out. I'm guessing you'll find something much nicer.

And when did you expect real estate prices to cool down, OP? Both Google and Apple are moving forward with significant expansions in San Jose.

Yuck....

This is why I don’t understand why San Jose and Silicon Valley don’t push to knock down these crappy houses and build 4 townhouses on the same lot. It’s ridiculous to have such ugly and inefficient architecture on such valuable land.

I think the interior and the backyard are gorgeous. For some money this house can be turned into gold. The price is for the lot, not for the house. But trust dumb old queens to rant about the house without analyzing why it's a valuable property.

Too much goddamned light!

I was going to bitch about the lot size, then I noticed the location. Timing real-estate prices in a tech job market like San Jose requires expertise. That house seems insanely overpriced to me, but I have no idea what the other options there are, your chances for capital gains on a later sale, etc.

Does it have wheels?

That house has no character whatsoever. What do you like about it, OP?

OP, I own a couple rentals homes near your listing off Winchester Blvd between Stevens Creek And Williams Road. Very nice neighborhoods, no/low crime, educated and affluent neighbors, ok schools, great location for shopping/restaurants/freeway access. Mine are about the same size/age as your Westmont home and they rent for about $5.5k/month each. Appreciation has been really strong over the 2 decades I've owned them. They've been a great investments for me and I only wish I'd bought 2 others in the same area.

Imo, it's a very good area to invest in, just make sure that what ever you set your sights on is in the very best neighborhood you can afford. Stay away from townhouses or condos, and focus on single family homes.

The interior photos all seem to have been taken at night with all the lights on. This is suspicious - is there poor natural light inside the house?

OP - glutton for punishment? You didn't get that house, so move on.

Such poky little rooms, you can tell that the place was originally built for people who were borderline poor and who couldn't afford anything spacious! It seems like a depressing place to live, suburban and cramped.

However, the yard is quite large by Silicon Valley standards, buying that land might prove to be a good short-term investment for someone. It could be sold to someone who'd put up a mega McMansion or an apartment block on the lot.

"Builders'-grade" finishes. Looks like the the "reveal" photos from an HGTV reno show.

Typical Northern California suburban tract housing. Cheap and nasty.

By contrast, here's what 1.6 million will get you in Pittsburgh, including seven acres of mega private park-like land

^ One more - aerial view

It's frightening that for $1.2m you are getting a kitchen that looks like that (not even high end appliances). I just redid my kitchen and spent $250k -- that kitchen frightens me.

This house would be in the $80-$90K range in the midwest. It would be a fine starter home for someone in their 20s or someone in their 80s who is looking to downsize. It totally lacks any character whatsoever, and there is no curb appeal.

The exterior is a little underwhelming. It looks very nice on the inside. Good sized yard.

Why would you post such shit? I will be so glad when then open conshit thing is over. People have ruined homes with this ugly shit. Like I really want someone cooking in my living room.

I dare say the last place you would want to wait for a price reduction on a house is anywhere near San Jose. I hear properties out that way don't stay on the market long.

If this house was almost anywhere but in California it would sell somewhere in the 175k - 250k range.

When I first got out of college, I got an entry-level Federal government job in San Jose. I lived there from 1975-1976. You could buy a condo there for under $20K at the time. And I couldn't afford it. I'm sort of kicking myself for not investing at the time, but if I had, I might never have left San Jose.

I can't help but think that properties like this are in a bubble and will soon fall.

I read where California is experiencing the highest level of outmigration, and real estate prices and cost of living expenses are the two main contributors to people's decision.

I think it will be interesting to see the effect the new tax laws (which cap state/local tax deductions at $10K) will have on RE prices in California. And on charitable contributions, when more people realize they won't be itemizing due to the higher standard deduction. This is the first year since 1982 that I won't be itemizing.

Here's a better house for half the price. I'd make a low offer as it is a flip.

It's a '60's ranchburger done up to look like a Hampton Inn suite. All the lights on, why? 'Cuz you'll never be there in the daytime working 90 hours a week to pay for it? Or because it's so dark and dingy inside?

And it backs up to a creek. Does the creek occasionally swell? Where is the flood plain map? And it was $62K and now it's, like, a million two? Taxes, taxes, taxes...

OP, you dodged a bullet.

Honey, the inside looks like Floor Plan 2C at the Creekmont Parkway Apartments, Anytown, USA.

Hmmm...

it is san jose. But the house is meh.

The bedrooms are probably the size of postage stamps.

It’s hideous. Move on.

I love it. Can I rent a room?

That much for THAT piece of shit? HAHAHAHA. Oh, my sides. Move on, honey. Something BETTER awaits you.

R37 People pay $5,500 rent to live in small houses like the one OP showed in San Jose? That’s crazy! California needs to stop selling houses to foreign investors, who have bought out all the housing there and made the housing and rental prices so ridiculous.

Silicon Valley needs to be forced to convert these shitty houses into more dense development. It is criminal to,prevent higher density housing when crap like this still sells for over $1MM. How they approve shit like the new Apple HQ but then refuse to increase housing density for the Thousands who have to work there is a failure of public planning. Eminent domain that shit and convert to a 20 unit apartment building.

For a little more money you could get a house in the Hamptons with nice decking and a hot tub

R40 What are the ‘silicon valley standards’ for a yard that 60 ft x 110 ft (0.15 acres) is considered large? To me that qualifies as a postage stamp.

R54's house is, of course, it a much worse neighborhood.

Or at least it was a dubious neighborhood when I lived in that area 15 years ago, by now the techbros have probably bought up all the real estate and driven all the low-rider guys to Tracy and Stockton.

At the price point they had on that cracker box I'm surprised they didn't do a virtual tour video with classy music and have all the taps running. I'm always amazed when I see house tour videos and every tap in the house will be running. Are people actually impressed by that little real estate trickery? Do running taps actually make people want to buy a house that much more?

I have family living in SJ there is a housing shortage because of all the techies moving in, APPLE has their campus nearby. There are dozen's of small tech companies in the area. I'm not surprised the price is so high.

I don't understand the effort in making a trailer look upscale.

San Jose is the third most expensive place to rent after San Francisco and NYC.

Two thirds the price of the tiny home in SJ. You're in Mobile, though.