Palo Alto lot values

#1

https://www.redfin.com/CA/Palo-Alto/421-Tennyson-Ave-94301/home/962547
Old PA
7500 sf
Narrow lot
Pending at 4.5M, looks like it could be an off market transaction.

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#2

This is insane to lay 4.5 for a small lot

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#3

Um… there’s a house there.

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#4

I remember buying lots in PA for $250k. Wish I kept a few

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#5

You have plenty already. Let it go.

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#6

I’m 99.999999% sure that was bought to be torn down. You don’t pay 4.5 to live in that.

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#7

Can save money by just doing an add-on :smile:

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#8

Why not? Put up a tent if necessary. Address and commuting is more important.

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#9

You are even more austere than I am :rofl:

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#10

It’s going to be tough if you live in that neighborhood and are reaching. If you have kids, they will experience it first hand.

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#11

$4.5m is lot of money to acquire snob status.
Probably can buy in Beverly Hills for that and hang with movie stars.

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#13

Bezos-ing with movie stars cost tons of money. Rubbing shoulders with entrepreneurs make tons of money. After making millions, can have as many movie stars and models as you want. They cost much less than Mackenzie and Justine.

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#14

Justine hardly cost anything. Musk had a smart divorce as opposed to the dumb move done by Bezos.

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