[Editor's note: And your comment ended up in spam too. Ironic? Maybe so, maybe not. Me thinks it's the name UPUPUP that's throwing the filters, and this pretty much confirms it.]

I finally got my clients into something. They were willing to spend up to $1.2M with 20 percent down and they wanted something they could add equity to. Their plan is to fix up a place and rent it for five years or so and then move in down the line after they tie up some out of state business.

They are great clients. I mean, for me, it really offered a great chance to get in and really see firsthand what’s happening right now. I literally wrote six offers on fixers and cosmetic fixers in solid neighborhoods, all for over a million bucks. Noe, Panhandle, Lower Pac Heights, areas like that. I wrote each offer over asking but in a sensible manner. Five percent or so. We wrote on that CRAZY Sanchez stairs deal that went for 400K over asking. We wrote on the Clayton st. grand Victorian that was on the market for about two days. I was all over it. All over it. Early pre-emptives, you name it. Nothing doing.

In the end I figured that central San Francisco just doesn’t make any sense right now unless you have a ton of liquid capital. I started looking at areas 4, mostly a suburban in feel area, but decent value. I got my clients into something in Miraloma park for 699K. It has 900 off the tax records feet of developable square footage downstairs and a flat roof off the upstairs that screams roof deck. Huge lot. Big backyard. Just off the charts upside. They got a killer deal. The big one could hit and they’d still come up, given their gamplan.

I think there’s some awesome deals out there right now. But not in Noe Valley, Lower Pac Heights, Cole Valley, or any area 7 or 8. (Although I have a fixer on the market myself that the right person could profit off of — Alex, is that copacetic? Go ahead and delete it if it isn’t.) [Editor's note: Totally copacetic. In fact I'm trying to get some clients to buy it, but they're dragging their feet. I think it is a killer deal. And I see you've had a price reduction...even better.]

By the way, the editor of this web site is a cool dude. Not all of us realtors are shrill buttheads. Believe that. Some of us love this town and actually like to help people out. There are about two of us out of every 15 or so. Joke.

i’m not sure if you ever answered my serious query over on ss about your frustrated buyers and what their budget was? i find that the typical ss reader and poster is a frustrated realtor that just isn’t realistic about what can be had in this town in a neighborhood that doesn’t get striffed with bullets. you have to be realistic sometimes.

[Editor's note: Who said anything about me shutting this down? And thanks to "ah boom" and "renters are people too" for your comments, which have been noted and logged in my memory. I've been feeling the same way lately.]

Yes, I’m currently a renter but I have been in the market for a SFH for the past six months, thus my interest in all things SF real estate. Please, all you realtors out there, keep in mind that renters = future buyers = your next clients. What cracks me up is the often boorish, obnoxious, insulting, and downright rude comments often posted by realtors…on both blogs (and read by hundreds of potential clients). It makes me hope that I never have to work with those particular realtors in person!

And I agree with ah boom, I like this blog, but every so often I run across some snide remark here that makes me feel like this blog is nursing an inferiority complex. Socketsite is obviously ignoring you, Alex, and I would just take the high ground and do the same.

At any rate, and with all due respect, because I am a fan of this blog, and visit several times a day, I think your sniping at Adam is unbecoming Alex. True or not, it comes across as sour grapes. Just do your own thing, it’s entertaining in it’s own rate. Blogs are not zero sum games, and shouldn’t be treated as such. If you don’t like how Adam runs his blog, run yours differently. It’s that simple. But please, stop whining about it.

Finally, I have to disagree that SS is running out of ammo to support a crashing market. I think you are reading too much into one sentence. And I don’t think the market is crashing, not yet. But I do think much more severe corrections are on the way.