patrick.net

Let us all reward him with fresh baked pies

I'll bring him a crow, wrapped in some suitable RE news articles.

I was thinking if the Berkeley area would be more suitable. It is able the same distance for Jack and Kurt but it is a bit closer for SQT and folks in the East Bay.

I was thinking if the Berkeley area would be more suitable.
Yeah, Berk's not too bad, but SF waterfront is a short boat trip for me.

Dec 17 is good for me.

Either SF or Berkeley is fine.

What kind of locations are we considering?

Should we advertise on Ben's blog about this party? It would be great to meet people like sfjack and lunarpark.

"Maybe I should change my name to “Marin Jack” or “Fairfax Jack” or “The ORIGINAL Jack”??? Or maybe the simple but elegant: “Jack of Marin” LOL "

I think you should be Jack, or mabye OJ, as in Original Jack, and definitely not Jack of Marin, which makes you sound like you should be frolicking in a field of poppies.

If we do the 17th, would an afternoon or evening meeting be better for most people?

Oh wait, isn't the 17th SQT's son's birthday? SQT, what days would work for you since you have to drive the furthest?

Gack! SQT! How can we have a blog party without you?

And also, I cannot be the only female at the party. That would be too weird for me.

Moonvalley, you said you're showing! I'm holding you to that...

Are there any week nights that would work for you SQT?

I hate to break it to you SQT, but Peter P and Jack are actually male, from all indicators. LOL.

So she says NOW...

I am sure they'll be forgiving. Well, Peter will be, but Jack...we know what a sensitive artiste he can be.

So would the 17th be nearly impossible for you, SQT? Would making it day or evening help one way or the other?

Oh cool. I hope that day will work. 'Night SQT!

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Afternoon/lunch on the 17th would work for me, I think, or evening, too.

And Jack of Marin, I'm sooooo sorry to misinterpret your wallowing as frolicking. My mistake! And of course it would be a forest of evergreens, not a field of poppies. What was I thinking?!

Huh team rules.

The only thing bigger than that post is the head of the average Texan when they talking about how great Texas is.

Please, don't do us any favors. Keep the secret all to yourselves.

Okay, afternoon on the 17th? Noonish? One-o-clock-ish? Does that work for most of us?

Anyone want to chime in with suggestions? Specific places to meet? Do you want to do that Embarcadero area KurtS mentioned, or someplace in Berkeley? Or???

geez scotty,

why are you so hung up on selling rio grande to us, is it because you know all the bears on this blog are holding on to some hard earned MONEY.....
sounds like you're looking for clients before the big CRASH in spring.....:):):):)

Hey, it IS where all the leather is produced for gay bikers the world over. Maybe we should all rush there and buy land RIGHT NOW! And we'd all ruin the Texas ambiance with our ignorance of shredded meat products and our ungodly tolerance of stuff.

And if I have to go as a woman just to make Jamie or SQT feel more comfortable (heh), so be it.

Jack--LOL. Dont.

And if I have to go as a woman just to make Jamie or SQT feel more comfortable (heh), so be it.

My wife will probably be there.

Not that I would expect anyone in California to know anything about barbeque.

I do like Mediterrainean-style BBQ though. Whole fish and scampi on open fire... with olive oil, lime juice, and... mayo!

The last thing I have time to waste on is going to a party where a bunch of bubble-heads, whose understanding of real estate doesn’t extend beyond Monolopy, bitch and moan about the price of homes in their over-inflated market and whine and complain about realtors.

Huh?

I remember someone posting a website that had that info for SAC but I don’t remember what it is. Can someone help remind me? Also, any advice as to where a good place (house) to rent re schools, community, etc would be and what the average rental price is?

I think SQT can help.

MarketMaker
I don’t think any of us have anything against a reasonable bull. Jack has always been more bullish on RE, and we still like him.

I also like and respect Zephyr, Face Reality, and Mr. ___. I am even willing to have sushi with MarinaPrime. :)

What do you guys think about this thought process? The 10-yr yield is still only at 4.5%.

Yet 30-YR mortgage rate is going higher because of increasing "risk premium".

All markets are 100% psychological. An improving economy does not mean that "newly created liquidity" will go into real estate. In Japan, I heard that people are using their bonus (often 20% - 25%) to buy stocks.

Will gold be the next bubble? All the gold ever mine in the world worths "only" $2 Trillion. Imagine the excessive liquidity chasing such a small asset gold.

Do not get me wrong, I think gold is even more unproductive than raw land. However, I do think that if the psychology is there, gold can be $1000 an oz before it pops.

Peter would have sushi with anyone. If it isn’t sushi, I’m not so sure.

Actually, I have had too much raw fish this month. I need to take a vacation from sushi.

I forgot to mention Folsom. It’s also a very nice area with good schools, but more expensive. I’ve also seen lots of listings in Cameron Park and Eldorado Hills lately, and I think those area’s are also poised for some declining home values too. I have no idea how the schools rate in those areas, but I think they’re generally considered good.

If Davis is not too far, it can be considered a nice suburb of Sacramento. I stayed there for 4 years and loved it. (disclaimer: I tend to like boring places)

What do you guys think about this thought process? The 10-yr yield is still only at 4.5%.

Also, the bond market is definitely pricing in some risk of a coming recession. The bond market is represented by the smartest money.

We may see some "firming up" a little in spring. However, if the "rally" is lackluster, many will see that as a sign of further weakness.

Come to the party and we will discuss. :)

R Patrick, we probably should nominate you to the Nobel committee. :)

I love the title of this article Overvalued housing markets decline

We need to consider locations soon.

What is the approximate number of attendees? Let's do a quick count:

Peter P: 2

OK though enough about cheeks in the breeze, I went to a large well-known hobby shop today, Sheldon’s Hobbies, more geeky candy than you can shake an R/C controller at, and while looking around, got talking to the lady who runs the place, she says people are buying “a LOT less” this year than last year.

Perhaps I can pick up a Z scale train set for cheap. ;)

I'm won't be able to make the 17th guys. Sister-in-law's engagement party in Sac. Damn. (All of December, and most of January and February is nuked for me. : /)

Cheers,
prat

Perhaps, we can meet separately... I work in Palo Alto as well. :)

A lot of that stuff was bought with HELOC money. I have a friend who deals in coins, and writes books about them, and he said for the last couple of years business has been better than before.

I also wonder how much of Google's revenue is driven by the housing bubble. I am not going to short Google just yet. It would be foolish to stand in front of the train.