This article from Delaware Online is a perfect example of how some people can see the other side and capitalize on it. We’re not denying the market has changed, but we’re certainly not going to change our tune that real estate is a bad investment, and at the very least a great place to call … Continue reading Grave Dancing, Cheering, Puke, Our Market, and the Bandwagon
Category: Readers’ Reports
“a total dump inside…” (4017 Folsom)
From our reader: “Just a FYI if you’re interested or if people want to give their opinions about this house. It should be an interesting one to watch. A house in our neighborhood [4017 Folsom] was just listed on the MLS yesterday [11/30], no for sale sign, a total dump inside and yet the house … Continue reading “a total dump inside…” (4017 Folsom)
Rent vs. Own: The Old Debate in a New Spreadsheet
We just found this on Submedian, which is calling itself a “San Francisco affordable housing blog”. (There is no “affordable” housing in San Francisco, but we’re moving on, and we like your stuff, so you’re on our radar.) So far this person has gone into detail about the median vs. average issue (we found this … Continue reading Rent vs. Own: The Old Debate in a New Spreadsheet
Comment du Jour: “As Homeowners Volume is Not Very Relevant”
Sometimes we beat our heads against the wall to come up with a way, in a paragraph or less, to describe what is going on in this market. We show the highs, and we show the lows. Today, we pull from our previous post about the 41% dip in volume at the $500-700,000 price range, … Continue reading Comment du Jour: “As Homeowners Volume is Not Very Relevant”
“Foreclosures Hit a Snag For Lenders”-NY Times
“A federal judge in Ohio has ruled against a longstanding foreclosure practice, potentially creating an obstacle for lenders trying to reclaim properties from troubled borrowers and raising questions about the legal standing of investors in mortgage securities pools.” “Lawyers for troubled homeowners are expected to seize upon the district judge’s opinion as a way to … Continue reading “Foreclosures Hit a Snag For Lenders”-NY Times
An Interesting Twist to an Already Twisted Tale
From a reader: “This happened to a unit in my building, #108 over here at 88 King. They auctioned it off during the all star game and it went for $840,000.” From the article: “Mortgage scams involve a cartel of inside players — colluding property appraisers, real-estate brokers and accountants willing to draw up fake … Continue reading An Interesting Twist to an Already Twisted Tale
A reader report on the East Bay
We know not what happens in the East Bay, but every so often get a request to expand our coverage, and we do our best to oblige, but we’re just not there…physically, mentally, or expertisely (not a word, we know). This time, we again defer to the reader’s report Thanks Dan! I wish you would … Continue reading A reader report on the East Bay
Verbatim: “26 year old Google guy i hear with 50% down.”
It’s great to see when readers send us their reports of getting blown out of the water in multiple offer situations, so it doesn’t always sound like it’s coming from us. You can rest assured overbids are still happening all too often. So here’s another one for you: 2171 Sacramento #3, 1 bed, 1 bath, … Continue reading Verbatim: “26 year old Google guy i hear with 50% down.”
We’re getting out of real estate…for good
From “zang”: Assistant Arrested in Killing of Real Estate Agent-[NY Times] “[the agent, her boss] ‘just kept yelling at her…’” That’s just plain sad, and for the record we think it is awful, but we want to know if you’ve ever wanted to kill your Realtor (figuratively of course) for any particular reason. Such as, … Continue reading We’re getting out of real estate…for good
Could it get any worse?
From “james” with love: New York Attorney General Sues First American in Appraisal Probe [OC Register] Thoughts?
San Francisco Gentrification: Two Compelling Articles
If you haven’t already noticed, we real appreciate our readers and will publish most, if not all, of your contributions. This time AMITinSF sends us his/her thoughts: The first article, is a totally regressive neo-socialist diatribe (predictably, from the sf bay guardian) on, get this, how Google’s shuttle bus is bad for the Mission district! … Continue reading San Francisco Gentrification: Two Compelling Articles
Point, counter point, more Sub Prime mortgage blaming
We’re not ones to only tell one side of the story (although continually blamed for it, and admitadly a bit bullish). We’re certainly not ones to always point to roses, and we’re definitely not afraid of helpful comments and good articles to keep us thinking, so keep sending them, and please discuss. At the heart … Continue reading Point, counter point, more Sub Prime mortgage blaming
A drop, a loss, and a few flips in Inner Sunset
by Anon8Mizer [with pictures and links added by theFrontSteps]: Hi Alex — I like Inner Sunset because it’s one of the few neighborhoods in SF that haven’t sold out. So here are some observations: The drop: 1416 18th ave (condo) in a duplex – Originally asking $699K a month ago, now back on market at … Continue reading A drop, a loss, and a few flips in Inner Sunset
318 27th Street…a done deal in Noe Valley
Our readers are so great, and “San Fran Tim” is on it! As he says, “Just received notice that 318 27th street sold for $2.515, or $220k (or about 10%) over listing.” [You would be correct, SFT.] –Sittin on the deck by the Bay [theFrontSteps]
Cyber real estate conversations: some “funny shit”
From a reader: a true e-mail interaction between 2 SF real estate watchers on 1303 Alabama St: A: wanna hear some funny shit? no, not 306 Mullen, but that freaky-eco project on alabama and 25th. st. Be the first to see it this sunday 1-4 (and guess what, u don’t have to pay $25 to … Continue reading Cyber real estate conversations: some “funny shit”
San Francisco as retirement destination? Huh?!
I just had to put this up. My favorite quote: “Ten years ago, when he retired, he and his wife migrated south to a bedroom community in Cary, N.C., where it was quiet and green–everything retirement is supposed to be. But ‘I was bored out of my gourd, frankly,’…” Guess where he’ll be living? The … Continue reading San Francisco as retirement destination? Huh?!