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In United States
Registered Aug 03, 2011
madhaus's most recent comments:
- On 31 Jan 2012
Anyone care to guess what the Facebook IPO will do to prices on the Peninsula?,
I would expect a bit of a price kick in PA/MP/etc from the IPO. Would be interesting if it's coupled with some bad tech news when the lockup ends.
- On 31 Jan 2012
Will the bubble ever burst in NYC, DC, or SF??,
Too many new homes in Danville and San Ramon, too much downward price pressure, too many underwater homeloaners. If you like the house and your commute is okay, fine, but don't expect anything in that region to hold its value.
Interesting nobody mentioned Silicon Valley pricing. San Jose is not an SF suburb, it's considered its own metro region. That means Santa Clara County isn't included in the SF Case-Shiller index. Too bad, it would push it up somewhat. Alameda and Contra Costa County are full of fail.
The Facebook IPO will have some high-end home sales when the lockup ends. Look for Palo Alto to get even More Special!
- On 28 Jan 2012
Why Bayarea Housing is costly?,
Take a drive down Central Expressway in Santa Clara between Lawrence and De La Cruz and note the number of For Sale and For Lease signs. Those are a pretty good indication that the total number of jobs continues to decline in the Bay Area. . . .
Okay, so boring median areas are declining. But the Real Bay Area continues to skyrocket in price! And if you show a place with prices going down, then obviously it's not in the REAL Bay Area.
Of course I think the RBA is down to 6 houses in Palo Alto and one of them belonged to Steve Jobs.