A place for residents of Marin County, CA and others to express their views regarding the real estate bubble and in particular the Marin real estate market
Monday, August 21, 2006
History Lesson
It's time for a history lesson. I originally posted this listing of news headlines almost a year ago and I've noticed that lately it's been making the rounds over at Ben's place. Where are we today? Seems like the later part of 1989.
17 comments:
Anonymous
said...
I'd have to agree with your assesment there Marinite. By the way - good that you noticed someone had swiped your work!
Not "swiped" especially since they didn't claim that they had done the work. People can cross-post my stuff all they want...the more the better IMO...just give credit where credit is due is all I ask. Same goes with graphs -- unlike other blogs none of my graphs have this blog's URL plastered on them; if one of my graphs get posted somewhere else, fine, just link back to here and I am satisfied.
I seriously think there are days when you don't realize, or rather forget, how meaningful and important what you do really is. Whether you like it or not you are a public servant, you don't have to be, but you are, by choice. That is truly noble.
I have to admit that Ben Jones blog is a great source of imformation from all over the country, which really makes it appeal to alot of people. One thing I have noticed though is that Ben puts little to no opinions or thoughts in his posts. Your blog on the other hand deals with a very specific region which quite frankly alot of people could give a rats ass about. What really makes it enjoyable for me though is the personal touch I get from your comments and insights. I almost feel like I know you in some ways. Ben Jones on the other hand is a computer program that scours the web a posts it's findings based on keyword searches. No offense to Ben because I feel his blog is very important and serves a specific purpose but I am just trying to point out why I actually enjoy reading your blog almost every day. With Ben's blog it is almost like I am going through the motions and often I can't even bare to read it anymore, again not that it isn't important or useful but I have read this stuff for so long it starts to wear on you.
OK not sure where I am really going with all this but I guess I just wanted to say THANKS!!! Thanks for the great blog... and stuff.
I wish i had the ability to do a blog like yours for suffolk county long island. Same shit here too. I have no idea how people are paying their way here. Our prices are just slightly less than Marin, but we have the highest real estate taxes and of course the highest gas prices. And all the parents i work with have children who INSIST on shopping at Abercrombie for back to school clothes!!! $100 for a sweater for a 9 year old? have people lost their minds?
thanks for the GREAT BLOG. I feel alone in my bubble sitting here in new york. - liz
Whether you like it or not you are a public servant, you don't have to be, but you are, by choice. That is truly noble.
You are right, I forget that or rather don't see myself as a public servant but I've sort of stumbled onto it. I see myself as a concerned individual who has few inhibitions agains speaking my mind.
I do believe that if you want to make a meaningful difference in the world then you must freely give of yourself a significant amount of your time and effort without thinking of how much money it is going to make for you or not. Our culture has forgotten that. We can't count on our official public representatives to do the right thing. If everyone did something, then it would add up to a huge force for good whereas one little 'ol blogger like me all by myself doesn't do much good.
America has forgotten herself.
What really makes it enjoyable for me though is the personal touch I get from your comments and insights.
There's certainly no shortage of opinion on this blog. That's for sure. I struggle with the opposing motivations between saying what I think and feel vs. just reporting what is going on. So I vascillate.
Your blog on the other hand deals with a very specific region which quite frankly alot of people could give a rats ass about
You should not give a rat's ass about Marin; it's not worth it. The point is that Marin is like a lot of other places in CA and the USA (and other places are a lot like Marin vis the RE bubble anyway) and what is going on here is going on there too.
That is truly noble...I almost feel like I know you in some ways
Thanks for your praise; it is deeply apprediated; you've touched my heart.
liz -
I wish i had the ability to do a blog like yours for suffolk county long island
That's what Athena, blogger for the Sonoma Housing Bubble Blog, said once too until I convinced her to start her own blog and I taught her what I know (which took like 5 mins LOL). So, if you have the motivation (which you clearly do) then I offer to help you start a blog of your own.
I read your blog daily, you have a great way of blending the facts with humor. It's nice to know that at least some Californian's see the absurdity in the "million dollar track home". When did money lose all it's value?
O.K. folks, Is it going down? Really? In Marin? Not yet. When? Will prices really go down? Flat, yes. Down, not yet. I see the logic of a decline, but I don't see the prices going down. How long 'til the decline?
Let's not be pedantic okay? I've lived abroad for 8 years now speaking mainly watered down English and my spelling has deteriorated a bit. The bright side is that I can ask "where is the bathroom" in at least 4 languages :)
I see the logic of a decline, but I don't see the prices going down. How long 'til the decline?
July's data seems to contradict that assumption of your. Prices are going down. I am tracking homes right now that have dropped in price. Some - more than 90k.
I also have seen prices going down, mainly by watching certain neighborhoods and noticing that properties have been delisted/relisted at a lower price. Realtor games to hide declines for the short term I think. I've also noticed that for newer listings, they are asking less for more square footage. (okay, haven't done a neighborhood analysis but appears to be across the board)
No, it REALLY is different this time! Here's proof:
S.F. Real Estate Wealth Expo -- One weekend can make you a millionaire!
How Much Money Do You Want to Make? Whether it's $5k, $50k or $5 million, Real Estate investing is your answer! Real Estate investing provides the highest returns, the greatest values and the least risk.
• Flip properties over to investors for quick cash!
• Tap into a goldmine of hidden wealth by finding real estate opportunities right in your own neighborhood that others overlook.
"...all houses sold in the last two years have averaged 48% more than what I paid for mine in 04!"
Timing is everything. Back in 1999, someone bought JDSU at $100 a share. If he sold it 6 months later, he probably could fetch $200 per share. If he is selling today, he is getting a little more than $2 per share. When to buy and realize the profit is the most important thing in the investment world.
More importantly (for me anyway), all houses sold in the last two years have averaged 48% more than what I paid for mine in 04!
You know fred, the self-promotion is wearing thin on me. I don't know how others feel, but enough already. I could make similar claims about my own situation but I don't.
Freddy...if you own a home already... what the heck are you doing on this blog site anyway? Shouldn't you be off enjoying your wealth?
Marinite, thanks for offering to help me start my own blog for long island, ny! We need one here desperately, just not sure if i'm up to the challenge.
Thank goodness ALL you seem to hear today is the housing crash & burn... Bring it on baby!
17 comments:
I'd have to agree with your assesment there Marinite. By the way - good that you noticed someone had swiped your work!
Not "swiped" especially since they didn't claim that they had done the work. People can cross-post my stuff all they want...the more the better IMO...just give credit where credit is due is all I ask. Same goes with graphs -- unlike other blogs none of my graphs have this blog's URL plastered on them; if one of my graphs get posted somewhere else, fine, just link back to here and I am satisfied.
marinite,
I seriously think there are days when you don't realize, or rather forget, how meaningful and important what you do really is. Whether you like it or not you are a public servant, you don't have to be, but you are, by choice. That is truly noble.
I have to admit that Ben Jones blog is a great source of imformation from all over the country, which really makes it appeal to alot of people. One thing I have noticed though is that Ben puts little to no opinions or thoughts in his posts. Your blog on the other hand deals with a very specific region which quite frankly alot of people could give a rats ass about. What really makes it enjoyable for me though is the personal touch I get from your comments and insights. I almost feel like I know you in some ways. Ben Jones on the other hand is a computer program that scours the web a posts it's findings based on keyword searches. No offense to Ben because I feel his blog is very important and serves a specific purpose but I am just trying to point out why I actually enjoy reading your blog almost every day. With Ben's blog it is almost like I am going through the motions and often I can't even bare to read it anymore, again not that it isn't important or useful but I have read this stuff for so long it starts to wear on you.
OK not sure where I am really going with all this but I guess I just wanted to say THANKS!!! Thanks for the great blog... and stuff.
I wish i had the ability to do a blog like yours for suffolk county long island. Same shit here too. I have no idea how people are paying their way here. Our prices are just slightly less than Marin, but we have the highest real estate taxes and of course the highest gas prices. And all the parents i work with have children who INSIST on shopping at Abercrombie for back to school clothes!!! $100 for a sweater for a 9 year old? have people lost their minds?
thanks for the GREAT BLOG. I feel alone in my bubble sitting here in new york. - liz
anon 10:23:28 -
Whether you like it or not you are a public servant, you don't have to be, but you are, by choice. That is truly noble.
You are right, I forget that or rather don't see myself as a public servant but I've sort of stumbled onto it. I see myself as a concerned individual who has few inhibitions agains speaking my mind.
I do believe that if you want to make a meaningful difference in the world then you must freely give of yourself a significant amount of your time and effort without thinking of how much money it is going to make for you or not. Our culture has forgotten that. We can't count on our official public representatives to do the right thing. If everyone did something, then it would add up to a huge force for good whereas one little 'ol blogger like me all by myself doesn't do much good.
America has forgotten herself.
What really makes it enjoyable for me though is the personal touch I get from your comments and insights.
There's certainly no shortage of opinion on this blog. That's for sure. I struggle with the opposing motivations between saying what I think and feel vs. just reporting what is going on. So I vascillate.
Your blog on the other hand deals with a very specific region which quite frankly alot of people could give a rats ass about
You should not give a rat's ass about Marin; it's not worth it. The point is that Marin is like a lot of other places in CA and the USA (and other places are a lot like Marin vis the RE bubble anyway) and what is going on here is going on there too.
That is truly noble...I almost feel like I know you in some ways
Thanks for your praise; it is deeply apprediated; you've touched my heart.
liz -
I wish i had the ability to do a blog like yours for suffolk county long island
That's what Athena, blogger for the Sonoma Housing Bubble Blog, said once too until I convinced her to start her own blog and I taught her what I know (which took like 5 mins LOL). So, if you have the motivation (which you clearly do) then I offer to help you start a blog of your own.
Hi Marinite,
I read your blog daily, you have a great way of blending the facts with humor. It's nice to know that at least some Californian's see the absurdity in the "million dollar track home". When did money lose all it's value?
O.K. folks,
Is it going down?
Really?
In Marin?
Not yet.
When?
Will prices really go down?
Flat, yes.
Down, not yet.
I see the logic of a decline, but I don't see the prices going down.
How long 'til the decline?
Okay rejunkie,
Let's not be pedantic okay? I've lived abroad for 8 years now speaking mainly watered down English and my spelling has deteriorated a bit. The bright side is that I can ask "where is the bathroom" in at least 4 languages :)
I see the logic of a decline, but I don't see the prices going down.
How long 'til the decline?
July's data seems to contradict that assumption of your. Prices are going down. I am tracking homes right now that have dropped in price. Some - more than 90k.
I also have seen prices going down, mainly by watching certain neighborhoods and noticing that properties have been delisted/relisted at a lower price. Realtor games to hide declines for the short term I think. I've also noticed that for newer listings, they are asking less for more square footage. (okay, haven't done a neighborhood analysis but appears to be across the board)
Regarding: History Lesson.
No, it REALLY is different this time! Here's proof:
S.F. Real Estate Wealth Expo -- One weekend can make you a millionaire!
How Much Money Do You Want to Make? Whether it's $5k, $50k or $5 million, Real Estate investing is your answer! Real Estate investing provides the highest returns, the greatest values and the least risk.
• Flip properties over to investors for quick cash!
• Tap into a goldmine of hidden wealth by finding real estate opportunities right in your own neighborhood that others overlook.
Hurry! This tremendous opportunity won't last!
https://www.learningannex.com/secure/QESec.taf?REFER=SFAUEX-Print
I don't think real prices are going down yet. List prices are dropping, but homes are generally still selling for more than the last sale. For now.
I see the logic of a decline, but I don't see the prices going down.
How long 'til the decline?
Sellers are still holding out for prices that they consider they are entitled to...peak bubble prices. This thing is over.
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No ads.
"...all houses sold in the last two years have averaged 48% more than what I paid for mine in 04!"
Timing is everything. Back in 1999, someone bought JDSU at $100 a share. If he sold it 6 months later, he probably could fetch $200 per share. If he is selling today, he is getting a little more than $2 per share. When to buy and realize the profit is the most important thing in the investment world.
More importantly (for me anyway), all houses sold in the last two years have averaged 48% more than what I paid for mine in 04!
You know fred, the self-promotion is wearing thin on me. I don't know how others feel, but enough already. I could make similar claims about my own situation but I don't.
Freddy...if you own a home already... what the heck are you doing on this blog site anyway? Shouldn't you be off enjoying your wealth?
Marinite, thanks for offering to help me start my own blog for long island, ny! We need one here desperately, just not sure if i'm up to the challenge.
Thank goodness ALL you seem to hear today is the housing crash & burn... Bring it on baby!
Liz
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