I pulled this from one of many comments by our readers that I’m sure often get over-looked. I thought some of you that are only skimming the front page of this blog might find it interesting…I did. [Edited slightly]
“I was just thinking of something. If there was a blog dedicated to simply highlighting how great homeownership is, and how much wealthier homeowners are, and all the homes that sold over asking etc… it would be crucified. Yet, bubble blogs love to bash on homeowners, and censor anybody with a differing opinion [from theirs].
I think the simple reason is that SF = 70% renters, and even homeowners always want to move up.
I look all around Russian Hill and Pac Heights, and properties are going for higher than last year. I’m sure the same is going on in Cow Hollow and The Marina, Noe, Sea Cliff etc. Why is it that people refuse to recognize that prices continue to go higher in SF? [Good question]
It’s so strange. I really do feel sorry for so many people who want to buy, and have just waited and waited.” -boomtime
I tend to equate it to the “car crash” phenomenon. If there is a car rolled over on the side of the road with the roof severed off, drivers will certainly slow down, and the media will be all over it. For some reason, our society is fascinated with negativity. Whereas, drive by a car on the side of the road getting a speeding ticket, and nobody slows down…unless there are two cop cars, a K-9, and a person in cuffs, standing next to the car, with head hung low, pondering their night in the slammer. See what I’m saying?
Translate that to real estate and you’ll often only hear the bad, because it is good media. You’ll rarely hear about the thousands of people purchasing and selling property on a daily basis in our lovely city and throughout the country, and walking away with a ton of cash in their pockets.
Why people judge a real estate market by comparing prices to one year prior (because no two people are buying and selling property simultaneously) is beyond me and an entirely different discussion. If my parents sell their house, which they bought 35 years ago, I doubt they’ll be concerned with prices from last year, they’ll want to get the most this year.
The whole point to my rambling…we’re here to showcase more positive than negative, and help you get in the game of real estate. If you’re not in the game in San Francisco…we happen to live in a big country with lots of real estate, and lots of opportunity for you to own property, even if you continue to rent here.
And trust me, we take a fair bit of crucifiction via email just by being a blog comprised of a lot of Realtors. We are not a bubble blog, we will never censor your opinion (even the nay-sayers), and we want you to succeed in real estate. If the bubble pops, we’ll certainly let you know when it does, but for now, it has not. (Some of the bubble bloggers egos could use a little de-flating that is for damn sure, and I’m sure you know what I mean by that.)