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  #41  
Old 11 August 2017, 10:00 PM
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Originally Posted by Errata View Post
more than likely the buyer would be expecting to live in some version of that house as it is now, which is not the most exciting use of $15 million I've seen.
For $15 million I'd have a whole lot of lakefront, a whole lot of farmland and forest, a couple of creeks, an excellent house and a guesthouse and outbuildings, and a whole lot of money left over.
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  #42  
Old 11 August 2017, 10:57 PM
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Originally Posted by Errata View Post
You can buy a pretty awesome loft in the most desirable parts of Manhattan for $15 million. It will be smaller, but a better use of the space, and nicer. Possibly not smaller on a volume basis, since the ceilings would be more spacious.
But the daily 5,600 mile commute would be grueling.
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  #43  
Old 11 August 2017, 11:17 PM
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Originally Posted by GenYus234 View Post
But the daily 5,600 mile commute would be grueling.
Cross country is only 3000. That's a fairly residential part of San Fransisco, so with Bay Area traffic their commute probably would only be about 50% longer than usual if they did come from New York.
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  #44  
Old 12 August 2017, 12:50 AM
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Quote:
Originally Posted by thorny locust View Post
For $15 million I'd have a whole lot of lakefront, a whole lot of farmland and forest, a couple of creeks, an excellent house and a guesthouse and outbuildings, and a whole lot of money left over.
You'd be landed gentry, complete with country estate!
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  #45  
Old 12 August 2017, 03:03 AM
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And I wouldn't need to commute to work. There'd be plenty of money left to live on.
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  #46  
Old 12 August 2017, 06:08 PM
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Cross country is only 3000.
Commuters usually go home too.
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  #47  
Old 13 August 2017, 08:53 AM
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A bit of history that I found interesting.
"Asian Couple Buys Affluent San Francisco Street Once Restricted To Whites Only"Huffington Post 8 August 2017
Quote:
Developed by real estate company Baldwin and Howell, Presidio Terrace was once billed as a haven for white people looking to stay segregated from Japanese and Chinese people in 1906, according to the Virtual Museum of the City of San Francisco.

"There is only one spot in San Francisco where only Caucasians are permitted to buy or lease real estate or where they may reside. That place is Presidio Terrace," read an advertisement written by the San Francisco-based company in 1906 and republished online by the museum. According to the museum, Baldwin and Howell’s ad suggested that residential districts were being "ruined" because Japanese and Chinese people had "Invaded the Western addition."
Brian
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  #48  
Old 18 August 2017, 06:26 PM
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Originally Posted by katdixo View Post
I still think it's ridiculous for the city not to try other means of contacting the owners. I would think at a minimum, they would send a certified letter before selling off the property.
That's what this county does. G-you have until X date to pay your taxes or your house goes on the auction block.
I'm sure the county has run into the problem mentioned in the OP; I guess they just auction off the house because they never heard back, or gotten money from, the homeowner.
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  #49  
Old 18 August 2017, 06:42 PM
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Originally Posted by DawnStorm View Post
That's what this county does. G-you have until X date to pay your taxes or your house goes on the auction block.
I'm sure the county has run into the problem mentioned in the OP; I guess they just auction off the house because they never heard back, or gotten money from, the homeowner.
I think that is part of the problem. For taxes on a home you send the tax notice to that home. But where do you send the tax notice for a street? If the address on record doesn't work then what do you do? Heck it isn't even clear that the people that live on the street would own it via a HOA type setup. Currently they don't own it via a HOA. So if the current owners were to move and then default on the taxes the city would have no clue where to send the tax bill.
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  #50  
Old 18 August 2017, 07:19 PM
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Originally Posted by jimmy101_again View Post
So if the current owners were to move and then default on the taxes the city would have no clue where to send the tax bill.
They would send the bill to whoever purchases the street at auction, of course!
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