Sunday, June 04, 2006

Boycott Bay Area Housing Site

The Boycott Housing site seems to be growing in popularity. Right on! Power to the people! There is even a forum there to discuss the Marin real estate market (and others as well). Check it out.

And it looks like the same sort of thing is trying to start up in China.

10 Comments:

Blogger fredtobik said...

Yes boycott housing!

http://tinyurl.com/rer37

Why do most liberals have to be so extreme?

If you want to solve housing issues figure out how to take wealth from someone and give it to another, without the former caring. Once you do that you will have also solved the energy issue, and that Israel/Palestine thing etc...

Went to Point Reyes Lighthouse this weekend, Sonoma, the local swimming pool with my family, and did the Steep Ravine...

I'll get to yardwork next weekend maybe...

Jun 4, 2006, 9:40:00 PM  
Blogger FUNNOMINAL said...

Stupidest thing I have yet to hear. Markets will adjust when they adjust.

Boycott housing...vive le homeless, the true followers of this credo.

Jun 4, 2006, 10:06:00 PM  
Blogger rejunkie said...

Here are their goals:

What's our Goal?
We want to counter the hype, misinformation, irrational behavior, and damaging effects of this real estate cycle, and restore balance. We don't want to pop a bubble or cause anything drastic. We simply want ordinary families to be able to buy houses without putting themselves at risk; and homeowners to stop mortgaging their future by borrowing against the inflated prices of their houses. The bigger the bubble gets, the more pain everyone will feel when it collapses. Let's stop this sooner rather than later.


Aren't they a little late with this? I could understand them wanting to restore balance a year ago but there is no argument that it is the best buyers (and investors) market in 5 years.

This is like boycotting gas for a day. All it does is shift that demand to a later time, similar to the way cheap loans pulled demand forward. So, you effectively accentuate the current trough by not doing anything while it is buyers market and force this volume on to the next upswing. How do they know when to stop boycotting? What is "normal" or "balanced"? In any case 10% affordability should be keeping most people out of the market without any special web site declaring itself the vanguard of this behavior. And with 581 members (most of whom, I suspect, are not in a financial position to be buying anyway -- it's a bit like me boycotting Tiffany's -- I am not sure Tiffany's is too concerned), I don't think they have the capability to influence the market at all. If they want to change this for the better, they should be saving their energy for prop 13/MALT/abolishing loose lending, etc.

Jun 5, 2006, 7:51:00 AM  
Blogger ChinaLawBlog said...

The guy who China who led the boycott has had to move out of town and there are rumors he has been arrested. Not that that would ever happen in Marin County, but ....

Jun 5, 2006, 12:01:00 PM  
Blogger panicearly said...

boycott or not, the housing run up has come to an end. the speculators are dumping, builders are offering incentives to move inventories, mls
listings have exploded from this time last year and will continue as 2 trillion dollars of ARMs adjust in the next 20 months,there will be more foreclosures everymonth from here on.
these guys are a bit late to informing the masses, the masses have already bought way too much house. im going to enjoy the bust as credit gets sqeezed.

Jun 5, 2006, 1:16:00 PM  
Blogger rejunkie said...

Marinite-

I am putting my money where my mouth (or keyboard) is and investigating an initiative to put on the ballot following 11/2006 (could not find dates for election beyond this date) to overturn portions of Proposition 13. The parts that offend me most (in order) are the fact that it applies to commercial properties and that seniors get a one-time ability to carry their low basis to a new property. I don't plan on trying to overturn the entire thing as I think it is politically imposssible to do so but I do think that while most Californians are homeowners, relatively few own commercial property. The voting numbers should be on my side on this issue assuming people care more about funding our state obligations than they do about continuing to give rich people tax breaks.

The key objective is NOT to touch individual homeowners current assessments. This would result in a net revenue gain from the reassessment of ALL commercial properties in the state. I don't know how much that is yet nor do I want to earmark the funds for any particular department. I would prefer to leave this windfall to our elected representatives to spend wisely (hint:education).

Here is a link on how this is done. I only need 373k signatures (LOL!) but I am hoping that if I can get past steps one and two, that any word that can be spread through this blog and others like it will help us get through step three (the petition circulating stage).

I will keep you posted. Any suggestions or legal expertise in this effort are greatly appreciated.

Jun 5, 2006, 4:00:00 PM  
Blogger fredtobik said...

If you are serious junkie that is awesome. I'll pay the $200 fee... lol.

I don't think you would have a problem getting the signatures, a lot of bitter renters out there. :P

setup a paypal!

Jun 5, 2006, 4:34:00 PM  
Blogger Marinite said...

junkie --

More power to you! If this blog, even if in a little way, results in some positive change to the housing mess we live in today in California, then I can die a happy and fulfilled person.

Put together a blog post and I'll post it. Then I'll send email about it to the bubble bloggers email network (yes, there really is such a thing) and they might blog it as well.

Yes, keep me updated.

Jun 5, 2006, 4:45:00 PM  
Blogger Marinite said...

Oh, and if you (rejunkie) do do this and set up a paypal account or the like, I will definately contribute to it. I'll even stand outside of the local Safeway gathering signatures (lol).

Jun 5, 2006, 5:19:00 PM  
Blogger Marinite said...

Stupidest thing I have yet to hear.

Maybe.

“The journey of a thousand miles begins with a single step.”

“The man who removes a mountain begins by carrying away small stones.”

"The water that bears the ship is the same that engulfs it."

And then there is the one about how great floods begin with a single drop of rain.

Jun 6, 2006, 12:34:00 AM  

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