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Registered Mar 23, 2006
skibum's most recent comments:
- On 30 May 2008
Interest Rates Must Rise Before They Can Fall,
I've also seen a sometimes infuriating resilience in the prime Fortress housing market. We're now following things very closely, as in looking to make potential lowball offers. However, we are still seeing significant multiple bid and overbid situations here. I'm talking about Menlo Park and Palo Alto. It seems like there is an endless supply of people willing to plunk down their hard earned cash for places that are still way overpriced.
I've come to the conclusion, which I know others have made before, that prices in the Fortress are not coming down until there are major job losses in the tech industry. Those job losses will be inevitable (normal business cycle, etc.), but even with the overall recession picking up steam, I don't see a real effect here for another 1-2 years.
- On 18 May 2008
Inflation as Control Mechanism,
Interesting stuff. Did you also see the recent article (?WSJ) discussing the idea gaining traction to "infill" some of these vast parking lots used for suburban corporate campuses with housing. The idea is that this would reduce commuting, add character to a soulless landscape, and best of all, much of the infrastructure (electricity, plumbing, etc) are already in place.
Seems like an idea even Kunstler would approve of.
- On 12 May 2008
President Bush is our new hero,
Thanks for that article link. Humorous, but it definitely rings true...