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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, 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.
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:
Looks like texas isn't so bubble-proof after all:
http://www.dfw.com/mld/dfw/13388316.htm
Running out of steam
The area's real estate market may face slower new-home sales and higher rents as interest rates continue to climb
By ANDREA JARES
STAR-TELEGRAM STAFF WRITER
The North Texas real estate construction and home sales boom -- which has seen a streak of record years -- may be losing its legs.
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. ;)
Wonder if ScottC still has a job?
Let's be fair to ScottC. He does believe that there is a bubble in California and I do get the impression that he is probably a respectable RE professional. :)
Hey PeterP and SQT! Is it time to start chipping away at a location yet?
Kurt suggested Ferry Building. Is there any place that can accommodate the crowd?
R Patrick,
I always wondered what a bunch of smileys would look like, after hearing what you said, I felt this was a good time.... but like peter said, it was really entertaining....but not as entertaining as ptiemann's link.
Hi, how is everyone doing? Has the bubble burst in the BA yet?
Hey Fake P, are you coming to the blog party this Saturday? If you come, I will get you beer!
Fake P, just to keep you updated, since my "October prediction" did not come true, I will buy you, Jack, and Face Reality free beer.
I will buy you, Jack, and Face Reality free beer.
Well...if it's free, you won't have to buy it.
Well…if it’s free, you won’t have to buy it.
It becomes free only after I buy it... too bad. :)
http://www.ferrybuildingmarketplace.com
Above there is a listing of restaurants at the Ferry Building. Maybe Mijita is the place you are thinking of, Jack? That sounds like a good place, but there are many options. Anyone want to weigh in?
Welcome back, Fake P!
There is also the SF Fish Company.
Is it a food court? We can just choose from large variety of food. :-P
there is a REALLY good Mexican place that is kind of indoor/outdoor as I recall… Maybe Kurt knows the name of it?
Yeah--the name is Mijita, bench seating inside, casual--good food!
It's on the water side of the building, close to the terminal.
There's a few other good places, such as The Slanted Door, but that place is impossible to get into.
R Patrick,
I love the "Homeowners Relief Act of 2007"! During Harvey Pitt's brief tenure at the SEC he attempted to restore faith by "making corporate accounting transparent". Yet another lame attempt at fabricating safety nets. The list goes on and on, FDIC, SIPC, etc. etc. In the end, all of the regulatory agencies and all the kings men couldn't put daytraders back together again. The RE Bubble has been given numerous advantages over the stock market bubble, not the least of which, it's close chronology. Rates and tax codes were more than accomodative to give the American Public just what they wanted after a stock market crash. The question is, now that these "kiss me" no risk, no fault, no way to lose parameters have become the norm how can the gov. just step aside and permit fast, loose and easy lenders and their borrowers get exactly what they deserve? Reg. agencies were hardly forgiving when it came to pursuing Wall St. wrongdoers (think Elliot Spitzer here). However when it comes to hearth and home, my guess is that we'll see the gov. bend over backwards to bail out and comfort bruised lenders and "homeowners".
Hey, this is like Ghosts of Threads Past or something. Everyone is checking in again after months away.
Welcome back, Schmend Rick and newsfreak. Good to see you both again. I am starting to feel like the unofficial blog greeter.
Seattledude, this is this thing called "white space"... (kidding...no really!)
Mijita at 1:30 is cool with me.
Where is the nearest parking? Does the ferry building have a lot where spaces are always open? Or is it a nearby garage, or what?
Where is the nearest parking? Does the ferry building have a lot where spaces are always open? Or is it a nearby garage, or what?
I believe Ferry Building has a lot (with fees). I do not remember whether you can get validations.
I’ll plan on meeting at 1:30, but we’ve been getting hit with some heavy fog around here, and it doesn’t burn off until noon. So if the fog is really bad on Sat, I may not make it in.
I totally understand that. I usually do not count on being able to leave Sacramento before 11:30am during the winter months anyway. :)
Will it be better if we make it 2pm or 2:30pm?
Don’t go changing anything on my account. It would be hard for me to come in too late anyway. My son’s birthday is Sunday, so I have to plan for a B-day party and I’m afraid being gone too late in the day wouldn’t work either. I’ll just plan on being there if the weather holds, otherwise I’ll catch the next party.
Okay, 1:30pm then. Give me a call if the weather does not hold. It is too dangerous to drive in the fog anyway. :)
Will it be better if we make it 2pm or 2:30pm?
2 pm would be preferable for me, but I can make 1:30 as well.
Regarding parking: I'd advise parking inshore from the ferry building. All those office lots are rather empty on weekends, and may offer better hourly rates.
So looking past my monitor out the window where there’s perfect visibility of the car park the paddocks beyond that and the ridge 10 miles away beyond thatan idle thought starts to form
Yes, winter in the US. :(
Especially Sacramento winter, with visibility of 2 meter. It is not safe to drive on the freeway with less than 200m visibility.
(In otherwords, only ONE recent year’s total appreciation given back over the next 3 to 4 years.)
How is that possible? If RE is really so stable then perhaps I should invest in it. :)
Huh?
Thanks for understanding. The fog came in kind of heavy today and I had an uh oh moment. My Mom made me promise I wouldn’t drive if the fog got too heavy.
I lived in Davis for four years. I know what fog means. :) I also remember the pile-up near Elk Grove a few years ago... people always drive faster than conditions would allow.
Today’s max was 27C (about 80F) with a bit of a breeze and about 30 miles visibility if you’re high enough to see that far.
Nice. In the Bay Area, we had a fine day with a high of about 16C. Not too bad. Silly Valley does not usually get horrible fog. :)
I remember visiting Canberra about 15 years ago. It is a nice place.
SacQT have you considered taking the train from downtown Sacramento? It takes about 90 minutes to get to Richmond, then you can walk across the platform and BART it to downtown SF in about 30 minutes.
I use it sometimes to visit the in-laws in Sacramento. They have to pick us up, but often it is faster than taking the 80.
Fake P writes:
Well, like I pointed out back in March 05, Patrick should change the title of this website so as not to mislead people. A title like “SF Bay Area Housing Appreciation Continues†is much more appropriate…:p
Ok, I'll bite.
Well, Fake P, I do hope you put your money where your mouth is and leverage yourself up a bit more.
If you could please buy yourself a nice 5BR house (>2800SF) in a good, quiet area in the South Bay, preferrably Cupertino, Los Altos, South Sunnyvale?
I'll take the property off your hands in five years at market price.
If all goes well, I get my house at at reasonable price and you're in the hock for the difference between today's price and the price then for the next 30 years, slowly paying off the early retirement of the guy you bought it from.
If it doesn't and the price actually goes up, then I will admit publicly that you're a genius, real estate really only goes up, and there will be enough buyers at any price. Thus, it's risk-free to get in, even at the higher prices then.
I win either way, you don't. ;-)
Fake P writes:
I guess you missed my point. I do not know what will happen in the future and I certainly do not believe that real estate will continue to appreciate non stop.
Fake P also writes (2 hours earlier):
The bubble is not going to BURST. The best that a housing bear can hope for now is a slight decline, which btw…might not even happen…:)
Whatever, Dude... :-) :-)
The best that a housing bear can hope for now is a slight decline, which btw…might not even happen…:)
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Saturday Dec 17 13:30 Ferry Building, SF