Welp. Remember the time that Palo Alto considered building 60 units of affordable housing for low-income seniors in 2013?https://www.paloaltoonline.com/news/2013/06/10/council-to-rule-on-divisive-senior-housing-plan …
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And it made some NIMBYs so mad they ran an initiative against it and eventually won a bunch of council seats?https://www.paloaltoonline.com/news/2013/11/05/measure-d-opponents-on-the-verge-of-victory …
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And then eventually the 60-unit low-income senior housing idea got turned into 16 single family market rate homes three years later in 2016?https://www.paloaltoonline.com/news/2016/06/29/maybell-housing-development-wins-approval …
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Wanna guess how much they’re listing for?
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Drum roll........
https://www.sothebysrealty.com/eng/sales/detail/180-l-3001-5tp7sb/567-maybell-ave-palo-alto-ca-94306 …pic.twitter.com/5gIXGdd6Ax
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Replying to @kimmaicutler
Wondering how many will be sold to foreign buyers paying all cash?
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Replying to @kimmaicutler
Saw some stats like in 2018 more than one quarter transactions, the buyer was from oversea, not green card or h1b but really no status. And paid all cash.
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Replying to @accidentalflyer
I think US-China relations and the entire perception of the US as a “safe” place has been fundamentally transformed.
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Replying to @kimmaicutler
Btw Xi Jinping himself just sent his daughter, only kid, back to Boston a few month ago.
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