patrick.net

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!

Look how desperate! $575000 - REAL ESTATE INVESTMENT HOUSE--28% RETURN

I need to sell unbelievable rent roll houses to close on my houses in Florida, earn 28% on your investment you first year..THESE ARE FIRE SALES...I have a house for 425,000, and 575,000 that earn 25-28% on your money. I also have 3 levittown homes for sale...429,000..399,000, and 439,000...call if interested--Bobby 516-942-8734

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.

So is there a consensus on the hard Vs soft landing? I for one am just so ready to see all those swaggering debtors get their mudflaps pounded.

If you have it in SF or Easy Bay, my wife and I can make it. It needs to be walking distance from BART or other tranist though, as we don't have a car.

I posted a lot about six months ago, but have been mostly just lurking since then.

Here is another article about the housting bubble collapsing:

http://www.businessweek.com/magazine/content/05_51/b3964052.htm

HARM, dude. You've got some baggage.

Hey Jimbo, good to see you back!

HARM, forgot to say, your portraits had me LOL. I'm sorry you won't be able to make the party.

Head count for me: it looks like it will be me and my husband, so 2, but that's pending childcare. I guess put me down for 1-2.

HARM, this is not the only blog party... we will soon have another one to celebrate. Can anyone give a definitive date?

Really, we will meet soon enough. :)

S Padraig-

Hilarious!

Blog party--did we establish a time?
I'll have business in Sausalito till 1, can meet after then.

Wonder if ScottC still has a job?

http://biz.yahoo.com/ap/051207/economic_forecast.html?.v=5

Does thet 800K go away and I now own my house free and clear? Allowing me to sell 6 months later and go and buy the median house somewhere else cash sale?

:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

Is 1pm to 1:30 pm in SF okay for everyone?

Looks like texas isn't so bubble-proof after all:

http://www.dfw.com/mld/dfw/13388316.htm
Running out of steam

Industry experts say that existing home sales and construction of new ones may slow next year as rising material costs and interest rates may suck the air out of the boom of recent years.

Sorry, ScottC :-( ...

Did I say something really stupid?

No, you said something really entertaining. ;)