Author Image: Richard Scheinin

Richard Scheinin

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Lawrence Yun, chief economist of the National Association of Realtors, was the lead speaker Thursday at a real estate convention in Santa Clara. - Courtesy of Santa Clara County Association of Realtors
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Presidio Terrace in San Francisco is a private gated street, lined by mansions. The block-long enclave — the street itself, as well as the sidewalks, parking spaces and common gardens — has been purchased by a pair of San Jose real estate investors who discovered that it had been put up for auction online by the city’s tax office because of $994 in unpaid taxes, interest and fees. The pair bid on and bought the street — everything but the mansions — for $90,100 and reportedly is thinking of charging owners for parking.  - Photo by Jim Heaphy
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