tag:blogger.com,1999:blog-14666781.post1189524798290029405..comments2023-08-24T02:17:49.104-07:00Comments on LivingInUrbanSac: No midtown penthouse slumpGAhttp://www.blogger.com/profile/13714870590167707217noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-14666781.post-10794307274404910472007-12-10T14:13:00.000-08:002007-12-10T14:13:00.000-08:00anonymous: Some good points. Buying a 70 year old ...anonymous: Some good points. Buying a 70 year old (or older) home is buying more than just a structure to live in: it moves into the realm of things that are intangible but are very real to a buyer. The aesthetic value of older houses is an important factor for buyers: the craftsmanship, artistry and aesthetic value of many older homes simply isn't available in newer buildings. Also, many who wburghttps://www.blogger.com/profile/15811402557076044374noreply@blogger.comtag:blogger.com,1999:blog-14666781.post-79283438448405968022007-12-07T16:28:00.000-08:002007-12-07T16:28:00.000-08:00Great point Zwahlen, people continually complain a...Great point Zwahlen, people continually complain about the 'cost' but this is the lowest point we've seen in decades and it still doesn't satisfy. People want San Fran. amenities with all the style, all the bells and whistles at fire sale pricing. It's a joke. We live in the fifth largest economy in the world, an hour from one of the best wine regions, world class ski resort destinations, the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14666781.post-50402508261330331992007-12-07T16:22:00.000-08:002007-12-07T16:22:00.000-08:00East Sac has one of the highest costs/sf in the re...East Sac has one of the highest costs/sf in the region - but the prices are high for the space you get because of the mixed-use character of the neighborhood, large trees, parks (McKinley) and short (4 miles max) commute to downtown. These are the very same reasons that MidTown is so high. Remember - location, location, location. If you want more space - move out to Lincoln.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14666781.post-1645106032573756192007-12-07T13:40:00.001-08:002007-12-07T13:40:00.001-08:00"This is not San Francisco"The same new constructi..."This is not San Francisco"<BR/><BR/>The same new construction penthouse would cost a shit load more in SF.<BR/><BR/>Price still come down to what people see as value. It's a subjective thing. If they are being bought by someone then they see the value in it. Everyone has their own views on value.GAhttps://www.blogger.com/profile/13714870590167707217noreply@blogger.comtag:blogger.com,1999:blog-14666781.post-45341960045857668292007-12-07T13:40:00.000-08:002007-12-07T13:40:00.000-08:00anonymous (the first one): Which house are you ref...anonymous (the first one): Which house are you referring to? The only 2/1 on MLS in that price range in 95816 right now is a 1650 sf bungalow with redwood shingle siding, finished basement and attic spaces (which probably don't count in that 1650 sf)on a comparatively large (1/8 acre) lot in McKinley Park. It also looks like the building itself is in pretty darn good shape: a building isn't wburghttps://www.blogger.com/profile/15811402557076044374noreply@blogger.comtag:blogger.com,1999:blog-14666781.post-63723942286512994802007-12-07T13:23:00.000-08:002007-12-07T13:23:00.000-08:00The prices are inflated and there is no excuse for...The prices are inflated and there is no excuse for that. This is not San Francisco, where prices are more inflated in the California bubble.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14666781.post-11666451034406778962007-12-07T13:00:00.000-08:002007-12-07T13:00:00.000-08:00Price to value ratio's have always been a major po...Price to value ratio's have always been a major point of contention when it comes to buying real estate and often people complain about what is considered acceptable or affordable pricing. What most people don't understand, that some buyers do, is that the price of the home is never in direct relationship to physical home or property itself. What you are buying is a lifestyle, the convenience andAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-14666781.post-51338732413813716052007-12-07T10:18:00.000-08:002007-12-07T10:18:00.000-08:00I took the same tour and found them to be quite ni...I took the same tour and found them to be quite nice - until I saw the incredibly inflated price . <BR/><BR/>There is no way that the space you get is worth the money they are asking .xhttps://www.blogger.com/profile/14060816433445695078noreply@blogger.com