Post a New Topic
Real Estate Matters
Original post made
on Oct 21, 2012
It used to be that when a builder bought property on which he was going to build a house (or houses) he wanted to feel that he already made a profit on the day he closed the escrow.
Read the full story here Web Link
posted Wednesday, October 17, 2012, 1:21 PM
Posted by Jan H.
a resident of Old Palo Alto
on Oct 24, 2012 at 1:12 pm
My son and DIL were laid off within a week of each other, and my DIL decided to go back to school full-time, since she was not making much progress going part-time. At the time, it was obvious they needed help, so,we let them move in.
My son quickly got another job, and then a promotion. We found we LIKE being an extended family, we had actually talked about doing this when he was still in middle school, as we had spent plenty of time in Europe and liked that style of family life. Also, I grew up in an Italian neighborhood and was exposed to,that extended family household at an early age, and admired it then. We concluded that we would like to live this way always.
Then my DIL unexpectedly became pregnant,since every form of birth control eventually has a failure rate, even the PILL! Everything was fine, except now my husband, who works at home from 5-7 am, from 8-11 pm, and half-days on weekends, had to give up the quiet of his home office.
Also, with. 5000sf lot, there is no room for a play area for my now-toddler granddaughter. The back,yard is all patio, no lawn. She falls, she gets hurt. So, we spend a lot of time walking to the park. Also, the house is two-story, not very safe for someone who has ankylosing spondylitis, nor for a toddler.
Now there is another baby on the way, and since we have the largest home of anyone in the family on either side, all family entertaining is done here. As an executive, my husband has to do,a fair amount of entertaining, and our living area is too small for family or executive entertaining.
We have simply outgrown our house and it is uncomfortable and inconvenient, as well as being unsafe. We are looking for a single-story house with four bedrooms and three bathrooms. That is not selfish or extravagant, especially since we will have to move somewhere less expensive than Palo Alto to afford it. We live too close to a busy street to be safe for two small children .
It is simply cheaper for us all to,leave Palo Alto, buy a bigger house on a bigger lot, and send the children to Catholic Schools than to try to upgrade in Palo,Alto. All we could get here is a 3 bedroom, 2 bath dump on Alma near Mountain View. What would be the point of moving, then.
Yes, there are people who are doing worse, but they do NOT own a home in Old Palo Alto.
I am glad you have such a nice, trouble-free, uncomplicated life, but GIVE IT A REST!!!