Comments on: Not such a pretty picture for Bay Area housing

By: BoomTime

BoomTime — Thu, 22 Nov 2007 00:59:40 +0000

Google Ken Rosen’s predictions since 2001. He’s been wrong for 6 years. Best job in the world is being an economist. You never have to be right

[Editor's note: Weatherman comes to mind too.]

By: cm

cm — Tue, 20 Nov 2007 19:49:10 +0000

Ditto the North side of Chestnut. The knockon effect is that the strolling babes favor that side on account of the better light.

By: Susan White

Susan White — Tue, 20 Nov 2007 17:54:00 +0000

Orlando is looking at lot weaker check out http://www.orlandorealestatetrends.wordpress.com

By: Balanced Viewpoint

Balanced Viewpoint — Tue, 20 Nov 2007 17:21:55 +0000

I believe he made the massage therapist comment about Las Vegas, not San Francisco. But going forward, let’s “call BS” on anyone that doesn’t agree with our myopic view of the world and stick to debating which side of Chestnut is prettier.

Sarcasm aside, the relevance here is that a year or so ago, even a prediction of a 5% drop or any correction whatsoever in SF would have been labeled as blasphemous. Today it’s accepted as plausible? So what will 2008 bring?

[Editor's note: You're right. He did. Regardless, I really like your comments. Keep them coming! For the record the North Side of Chestnut proper is prettier as it receives more sun. ]

By: james

james — Tue, 20 Nov 2007 16:45:15 +0000

we’ve seen that correction here in my building for 2 bedrooms or townhouses with no view. they are down 5%.

speaking of which, it seems to me that if you want to make money in a condo complex, you should buy on the lower floors early. the higher floors seem to have all the profit in them for the developer and you shouldn’t expect to make any real money if you sell anytime soon.

some of these new developments seem to be challenging that principal by charging just as much for the lower floors however. i’d take the view over the overpriced ground floor unit personally.

By: kenny

kenny — Tue, 20 Nov 2007 16:34:59 +0000

For San Francisco, a 5% downturn after a historic 4-5 year 20-30% runup ? That might be about right, yeah. That’s kind of what every single man, woman and child in real estate thinks, too. Builders in Pleasanton are experiencing difficulties? Shocker.