NYT: The Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
Presidency of Barack Obama – New York Times – President – United States – Barack Obama
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“That a successful effort to get car-dependent Californians to embrace mass transit could be derailed by another transportation project may strike some as ironic.” So writes the AP in a story about an L.A. commuter-train-and-townhouse development that took a lot of mayoral pull and years to get done. Now, to make way for the bullet train, the high-speed rail authority says either the townhouses have to get the wrecking ball, or the Metrolink train station. Oh, the humanity. [AP]
Via SocketSite and Inside SF RE, the 4-bed, 3.5-bath house at 206 Palo Alto Ave is one of a string of swanky homes in Clarendon Heights to hit the market in the last few days. At 4,340 square feet, this one’s got a lot of space to kick around in, and does so with a contemporary flair befitting its designer owner — though the two-story rear addition noted by Inside SF RE probably does a much better job at the stuff-strutting than the older house in front. The property boasts “Bridge to Bridge views” and and “melds different genres.” Asking price is $4,200,000. Nice touches include roof-deck peeping telescope, walk-in megacloset, and tree stump, though we assume only one of those is included with the house.
· 206 Palo Alto [Redfin]
· Luxury Market Heats Up in Clarendon Heights [Inside SF RE]
· The Clarendon Heights Contemporary Parade Continues: 206 Palo Alto [SocketSite]
The country’s fattest paychecks are brought home to these high-end suburbs.
This unusual vintage home has unique features as well as some modern updates.