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Fry's Electronics Going Out of Business?

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Sal Ammoniac:

--- Quote from: Ultrapurple on August 27, 2020, 11:26:40 am ---
--- Quote from: free_electron on August 23, 2020, 05:47:55 pm ---The prices in the bay area are nuts. A 2300 sq ft home , literally a box , with just enough land to place 2 chairs

<snip>

I bought my retirement property. Half an acre of land, huge pool and 1800 sq ft home . For 1/5th of a 2 bedroom condo in the bay area. Been working from here for the last 2 months.

--- End quote ---

@free_electron

Did you misplace an order of magnitude on the 2300 sq ft property or have I just misunderstood how things are measured?

Here in the UK, my home of ~1900 sq ft (2 floors, each ~950 sq ft gross) on a total plot of 3800 sq ft is what would be considered lower mid-range, though the plot size reflects the fact that it's >100 years old. New properties have markedly smaller plots, even in semi-rural areas.

--- End quote ---

I believe the 2300 sq ft he was referring to is the size of the house, not the property the house is on. New properties here too tend to be smaller in recent years. A new trend is to build three story houses, so you can end up with a 4000 sq ft house on property less than 4000 sq ft.

Most houses here are on property ranging from about 2500 sq ft up to around 10,000 sq ft.

I’m somewhat of an exception—my house is in the Bay Area and it’s on 450,000 sq ft of property.

free_electron:

--- Quote from: Ultrapurple on August 27, 2020, 11:26:40 am ---
--- Quote from: free_electron on August 23, 2020, 05:47:55 pm ---The prices in the bay area are nuts. A 2300 sq ft home , literally a box , with just enough land to place 2 chairs

<snip>

I bought my retirement property. Half an acre of land, huge pool and 1800 sq ft home . For 1/5th of a 2 bedroom condo in the bay area. Been working from here for the last 2 months.

--- End quote ---

@free_electron

Did you misplace an order of magnitude on the 2300 sq ft property or have I just misunderstood how things are measured?

Here in the UK, my home of ~1900 sq ft (2 floors, each ~950 sq ft gross) on a total plot of 3800 sq ft is what would be considered lower mid-range, though the plot size reflects the fact that it's >100 years old. New properties have markedly smaller plots, even in semi-rural areas.

--- End quote ---

Nope. 2300 sq ft home. 3 floors.
ground level : double garage and in-law unit ( mini kitchen , shower and bedroom. )
first floor ( second floor for amricans) living room , kitchen , breakfast nook  and 1/2 bathroom and study ( microscopically ... i would not call it a study ... )
second floor : 3 bedrooms , 2 bathrooms and washer/dryer ) you have a small patio enough for two rickety chairs and a coffee table that can hold a tiny potted plant.

these are the condo's :
https://www.kbhome.com/new-homes-bay-area/metro-ii-at-communications-hill?gclid=Cj0KCQjwv7L6BRDxARIsAGj-34qkS6eYFTjg4ivLQHssvneDVT3MXufv4rTJ9itNRgD91wB4VLKbjNMaAk16EALw_wcB

These are townhomes (plan 4 is what i am talking about : 2761 sq ft : 1.57 million $. absolutely bonkers
https://www.kbhome.com/new-homes-bay-area/platinum-ii-at-communications-hill

or this : a 844 sq ft fart in a box for 733.000 $ ... https://www.kbhome.com/new-homes-bay-area/latitude-at-communications-hill/plan-2

These prices are ridiculous. And you commute is 2 hours every day. You need to work with two people like donkeys to afford an empty fridge box under a bridge ...


metrologist:

--- Quote from: Sal Ammoniac on August 27, 2020, 07:44:02 pm ---I’m somewhat of an exception—my house is in the Bay Area and it’s on 450,000 sq ft of property.

--- End quote ---

Howdy Sal. I see 65 acre lot in San Jose for $800k and 1 acre lots with house for the same $. Know that CA is looking to remove prop 13 protections and follow any exchange tax gains shelters for 10 years to life, especially if moving that money out of state. That, coupled with recent rent laws, make property ownership a real liability.

Frys:
I have heard that most all of the long timer corporate employees are now gone. They've moved on. These are the 20+ year corporate employees that defined the corporate office. It is very sad to hear a corporate family dissolve like this. It was a good party while it was rolling and I keep thinking about the Fry brothers and what are their plans. They're millionaires holding onto their legacy. What do they really have to lose at this point?

james_s:

--- Quote from: Sal Ammoniac on August 27, 2020, 07:44:02 pm ---I believe the 2300 sq ft he was referring to is the size of the house, not the property the house is on. New properties here too tend to be smaller in recent years. A new trend is to build three story houses, so you can end up with a 4000 sq ft house on property less than 4000 sq ft.

Most houses here are on property ranging from about 2500 sq ft up to around 10,000 sq ft.

I’m somewhat of an exception—my house is in the Bay Area and it’s on 450,000 sq ft of property.

--- End quote ---

I hate those giant houses on tiny little postage stamp lots. my 2300 sq ft house is on a lot that is just under 10,000 sq ft and that was considered a starter home on a small lot when it was built. Last I checked the value was pushing up near $800k but I tend to ignore that, it sounds like a good chunk of wealth but that's only on paper, if I were to sell my house I'd have to spend as much on another house unless I left the region.

bson:

--- Quote from: metrologist on September 02, 2020, 02:00:22 am ---I see 65 acre lot in San Jose for $800k

--- End quote ---
It's probably a designated open space and you will never get a permit to build on it.  Or there's some significant problem like maybe it needs cleanup and soil replacement to the tune of $25-$100 million.

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