Patrick.net

The East Bay is on Fire

By gregpfielding   Follow   Thu, 3 May 2012, 2:13pm   11,816 views   177 comments
In Danville CA 94526   Watch (3)   Share   Quote   Permalink   Like   Dislike  

It's not that sales are through-the-roof, but they certainly are very high compared with the number of properties for sale. The Supply/Demand balance is looking like 2005.

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1. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

   58   10:48am Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Yeah the soviet collapse is a good lesson. Although they lasted like 80 years before complete destruction of governemnt,finance,currency and rebuilt from scratch (with slightly different set of crooks in charge). CCCP might not be a good comparison as their economy was 100% government controlled/owned and ours is probably what only 50%? So maybe things will get waaaaaay more insane and then stay insane for 80 years, and then collapse? Although they stayed in power with murder and prisons, not with free S-8 and food stamps and money printing ponzi stock/housing market. Impossible to predict.

2. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

   59   11:34am Fri 4 May 2012   Share   Quote   Permalink   Like (2)   Dislike   Protected   PockyClipsNow says Housing is luxury item like diamonds. NO ONE needs one (SFR that is). Might as well complain about the Debeers diamond monopoly as well as the 'governemnt making prices always go up in RE'. Only purpose of diamonds is to make jewelers rich, enhance ego/status of buyers. Same with housing. Anyway I still like complaining. In California, a buying a house is a luxury. In Texas, it's like food...and almost as affordable.

3. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

   60   11:36am Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   wthrfrk80 says bmwman91 says The day of reckoning is coming. It may not even be in my lifetime, but it is coming. That much is crystal clear. Yep. History shows that when complex societies unravel, it's sudden and nasty. An intresting article linked from Pnet yesterday covers this: http://hipcrime.blogspot.co.uk/2012/04/what-if-collapse-happened-and-nobody.html?source=Patrick.net

4. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

   61   11:47am Fri 4 May 2012   Share   Quote   Permalink   Like (1)   Dislike (1)   Protected   leoj707 says wthrfrk80 says bmwman91 says The day of reckoning is coming. It may not even be in my lifetime, but it is coming. That much is crystal clear. Yep. History shows that when complex societies unravel, it's sudden and nasty. An intresting article linked from Pnet yesterday covers this: http://hipcrime.blogspot.co.uk/2012/04/what-if-collapse-happened-and-nobody.html?source=Patrick.net That reads like a Kunstler post. He's full of shit, too. We have a hundred years or more of natural gas. We have about the same amount of coal. There IS still oil here but it's becoming increasingly more difficult to obtain. Did you know the Germans almost beat us in World War II? Yes...and they didn't because we dwarfed them in natural resources. Our war with Japan was almost exclusively about natural resources. Since it's all about resources, right there you know America isn't over but that's not the message most people who post here want to send. They would rather be miserable and it seems to me life's too short for that.

5. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

   62   12:06pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   rootvg says Since it's all about resources, right there you know America isn't over but that's not the message most people who post here want to send. They would rather be miserable and it seems to me life's too short for that. When it comes to resources, we're ok. But it seems everything else is imploding.

6. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

   63   12:36pm Fri 4 May 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   wthrfrk80 says rootvg says Since it's all about resources, right there you know America isn't over but that's not the message most people who post here want to send. They would rather be miserable and it seems to me life's too short for that. When it comes to resources, we're ok. But it seems everything else is imploding. If we're okay on resources, we should be able to fix the demographic bubble issue. If they're gonna ask all of us to work a little harder and pay more in taxes, I'm good with it as long as we make sure we're paying what we need to pay and that money isn't being squandered. Our physical infrastructure is a mess...and we fixed that before and we can fix it again. Public education is a mess...and we can fix that as well. Our universities are already the best in the world. I don't think Gen X or Y or the Millenials are the problem. The barrier to progress is among the Baby Boomers who still have a weed up their ass about the sixties and Nixon and Vietnam. This is the group from whom "the agitators" here in California and especially the Bay Area always come. The earliest memory I have of that era is the moon landing and then the earliest days of elementary school which takes us up to about 1972. It was a LONG time ago.

7. FortWayne Follow Befriend (13) 102 threads 3,759 comments

   64   12:47pm Fri 4 May 2012   Share   Quote   Permalink   Like (1)   Dislike   I think you just warned a lot of Bay Area folks to stay out of the bidding wars.

8. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

   65   12:56pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   rootvg says I don't think Gen X or Y or the Millenials are the problem. The barrier to progress is among the Baby Boomers who still have a weed up their ass about the sixties and Nixon and Vietnam. This is the group from whom "the agitators" here in California and especially the Bay Area always come. I hope you're correct.

9. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

   66   1:03pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   wthrfrk80 says rootvg says I don't think Gen X or Y or the Millenials are the problem. The barrier to progress is among the Baby Boomers who still have a weed up their ass about the sixties and Nixon and Vietnam. This is the group from whom "the agitators" here in California and especially the Bay Area always come. I hope you're correct. We live here. We see it on a daily basis. They aren't in huge numbers down around San Jose where I work but in the more affluent, demographically older parts of the East Bay they seem to be everywhere. Go downtown Danville on a Friday or Saturday night and you'll see them driving incredibly well restored late fifties or early sixties Corvettes with women half their age or more riding along...usually the second or even third wife. Weather is supposed to be perfect this weekend, so I'll post some images here. You'll love it.

10. bmwman91 Follow Befriend (7) 37 threads 1,523 comments Mountain View, CA bmwman91's website Premium

    67   1:19pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   rootvg says Go downtown Danville on a Friday or Saturday night and you'll see them driving incredibly well restored late fifties or early sixties Corvettes with women half their age or more riding along...usually the second or even third wife. Danville, Monterey, Woodside...yup, sounds about like that.

11. rooemoore Follow Befriend 41 threads 905 comments Ross, CA

    68   1:36pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   So let me get this straight. While the east bay RE may be on fire, the barrier to progress are baby boomers driving well restored Corvettes with trophy wives in Danville.

12. bmwman91 Follow Befriend (7) 37 threads 1,523 comments Mountain View, CA bmwman91's website Premium

    69   1:44pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   rowemoore says So let me get this straight. While the east bay RE may be on fire, the barrier to progress are baby boomers driving well restored Corvettes with trophy wives in Danville. Well, duh. I doesn't take a rocket scientist to put 2 & 2 together. Isn't it obvious?!

13. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    70   1:48pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   leoj707 says An intresting article linked from Pnet yesterday covers this: http://hipcrime.blogspot.co.uk/2012/04/what-if-collapse-happened-and-nobody.html?source=Patrick.net I stand corrected. Darn, what's Apocalypsefuck going to do with his stash of weapons and potatoes?

14. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    71   1:49pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   rowemoore says So let me get this straight. While the east bay RE may be on fire, the barrier to progress are baby boomers driving well restored Corvettes with trophy wives in Danville. Woodside is in a whole other league. I don't think you could buy anything over there under a million, even a shack. The barrier to fixing our problems is the oldsters who think it's their turn to dictate our societal priorities and they have the numbers to make it stick through the elections process. It's the same way in other countries. BusinessWeek did a story on this same issue in Germany several years ago. Old folks are a potent political force there, even more so than in this country. They are truly a royal class which I guess has something to do with their traditions. It's a very conservative nation by European standards.

15. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    72   1:51pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   I'm on the clock for a few more hours, after that going to put batteries in the camera and go people watching. Should be interesting.

16. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 169 threads 4,153 comments Premium

    73   2:00pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   wthrfrk80 says leoj707 says An intresting article linked from Pnet yesterday covers this: http://hipcrime.blogspot.co.uk/2012/04/what-if-collapse-happened-and-nobody.html?source=Patrick.net I stand corrected. Darn, what's Apocalypsefuck going to do with his stash of weapons and potatoes? It ain't funny. In parts of the rust belt, Cannibal Anarchy has well and truly arrived. The survivors who can read pick up the papers and see ultra-rightists shrieking for the disbandment of unions, looting of social security and total deregulation of the financial crimes industry. In some towns, with the last job packing up to China, there's nothing left but a WalMart full of crap surrounded by decaying foreclosures, and scuffling retirees, babbling to themselves, begging strangers for food, a job, a bullet to the forehead. Occasionally, a GOP presidential candidate will drive through tossing packages of Fig Newtons to the starving throngs and entreating the survivors to help him or her take back America from the marxist dystopia that has made it impossible for business to prosper.

17. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    74   2:06pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   You're right, it isn't funny. NE Ohio has devolved into this ugly miasma where people point fingers at each other and the overall situation every year gets worse. You can see it when you fly up there. Why do you think we left?

18. edvard2 Follow Befriend 34 threads 2,085 comments

    75   2:12pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   rootvg says Why do you think we left? Cuz' that's what Ohioans do. They move everywhere. I swear like half of my parent's state ( NC) is now composed of OH former residents. Seems like at least 30% of the population of Cali is from there too.

19. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    76   2:21pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   edvard2 says rootvg says Why do you think we left? Cuz' that's what Ohioans do. They move everywhere. I swear like half of my parent's state ( NC) is now composed of OH former residents. Seems like at least 30% of the population of Cali is from there too. There aren't a huge number of ex-pat Buckeyes near us but we see them often enough. I see buckets of Michigan, Penn State and Ohio State license plate frames. Maryland is also a favorite college among technical folks. Go to the Specialty's (popular sandwich shop and bakery) at Santa Clara and you'll see at least one Cornell or Carnegie Mellon alum per day.

20. edvard2 Follow Befriend 34 threads 2,085 comments

    77   3:09pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   rootvg says There aren't a huge number of ex-pat Buckeyes near us but we see them often enough There seems to be a disproportionately large number of people here from a select few places: Ohio, New Jersey, New York, and a smattering of Midwestern states. Back home in TN we used to have a joke about how every summer Ohio just simply had emptied out entirely by the sheer volume of cars and campers with Ohio license plates.

21. rooemoore Follow Befriend 41 threads 905 comments Ross, CA

    78   3:36pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   rootvg says The barrier to fixing our problems is the oldsters who think it's their turn to dictate our societal priorities and they have the numbers to make it stick through the elections process. You're right. Things would be different if young people had more say.

22. clambo Follow Befriend (5) 1,070 comments Santa Cruz, CA

    79   4:33pm Fri 4 May 2012   Share   Quote   Permalink   Like (3)   Dislike (1)   Someone's complaining about "oldsters". Would that be the oldsters like my father who was in the Battle of the Bulge? Or my uncles who were in the Pacific and another who parachuted into Anzio Italy? Maybe you refer to "boomers". Well my friend the boomer studied mechanical engineering. His daughter studies psych and his son film or some such. They might as well take underwater basketweaving. Slacker idiots with tattoos and pierced ears, nose, etc can complain all they want. Just get that money up to buy more Apple junk pal, I'm counting on you and 100 million Chinese to make me comfortable in my old age.

23. clambo Follow Befriend (5) 1,070 comments Santa Cruz, CA

    80   4:34pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike (1)

24. eastbay19 Follow Befriend 14 comments Oakland, CA

    81   4:46pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   gregpfielding says eastbay19 says Last week I did searches at foreclosureradar.com and Redfin for the city of Oakland, where I'm hoping to buy my first house. I found about 600 active listings and 1,650 houses in some stage of foreclosure, for a ratio of 2.75 to 1. It's been that way for 6 years now and the bulk of those foreclosures have not and probably will not come to market. Most will be modified or maybe even sold to institutional investors. It's true that the shadow inventory is huge, but Uncle Sam and the big banks have been able to keep those home off the market and I don't expect them to change. East Bay Real Estate Agent and Blogger What has been the same for 6 years - the ratio of shadow to active inventory? The number of houses for sale sure hasn't been the same; per Redfin, SFR inventory in March was down 43 percent in Oakland compared to March 2011.

25. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    82   5:32pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   APOCALYPSEFUCK is Tony Manero says It ain't funny. In parts of the rust belt, Cannibal Anarchy has well and truly arrived. The survivors who can read pick up the papers and see ultra-rightists shrieking for the disbandment of unions, looting of social security and total deregulation of the financial crimes industry. In some towns, with the last job packing up to China, there's nothing left but a WalMart full of crap surrounded by decaying foreclosures, and scuffling retirees, babbling to themselves, begging strangers for food, a job, a bullet to the forehead. Occasionally, a GOP presidential candidate will drive through tossing packages of Fig Newtons to the starving throngs and entreating the survivors to help him or her take back America from the marxist dystopia that has made it impossible for business to prosper. That sounds a lot like Binghamton.

26. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    83   5:36pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   edvard2 says I swear like half of my parent's state ( NC) is now composed of OH former residents. Charlotte is considering changing it's name to New Pittsburgh.

27. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    84   6:57pm Fri 4 May 2012   Share   Quote   Permalink   Like (2)   Dislike   Protected   rowemoore says rootvg says The barrier to fixing our problems is the oldsters who think it's their turn to dictate our societal priorities and they have the numbers to make it stick through the elections process. You're right. Things would be different if young people had more say. But, they don't. And they won't. I've told you over and over, it's not the United States of San Francisco.

28. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    85   7:07pm Fri 4 May 2012   Share   Quote   Permalink   Like (2)   Dislike   Protected   clambo says Someone's complaining about "oldsters". Would that be the oldsters like my father who was in the Battle of the Bulge? Or my uncles who were in the Pacific and another who parachuted into Anzio Italy? Maybe you refer to "boomers". Well my friend the boomer studied mechanical engineering. His daughter studies psych and his son film or some such. They might as well take underwater basketweaving. Slacker idiots with tattoos and pierced ears, nose, etc can complain all they want. Just get that money up to buy more Apple junk pal, I'm counting on you and 100 million Chinese to make me comfortable in my old age. The only problem I have with the World War II generation is their flat out spoiling the hell out of their kids. Their theory was simple, that NO ONE should have to go through what they went through in the Great Depression and the war and THEN the early days of the Cold War. Most people don't know the early and even the mid fifties were still very lean times. The country was deeply in debt from all it had just been through. People were exhausted.

29. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    86   7:09pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   wthrfrk80 says edvard2 says I swear like half of my parent's state ( NC) is now composed of OH former residents. Charlotte is considering changing it's name to New Pittsburgh. Pittsburgh is doing better than it had been. We drove through there on the way to State College awhile back and I was surprised at how bad the traffic was. If I were younger and had a different career path, I might consider moving there.

30. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    87   7:33pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   rootvg says Pittsburgh is doing better than it had been. We drove through there on the way to State College awhile back and I was surprised at how bad the traffic was. If I were younger and had a different career path, I might consider moving there. Yep it's doing better than a lot of other Rust Belt cities. Pittsburgh's mass-exodus happened back in the early 80's when steel collapsed. It's been fairly stable since then. Compared to Upstate NY, Pittsburgh seems like a boom town. I still have family in the area and would like to move back.

31. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    88   8:00pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   wthrfrk80 says rootvg says Pittsburgh is doing better than it had been. We drove through there on the way to State College awhile back and I was surprised at how bad the traffic was. If I were younger and had a different career path, I might consider moving there. Yep it's doing better than a lot of other Rust Belt cities. Pittsburgh's mass-exodus happened back in the early 80's when steel collapsed. It's been fairly stable since then. Compared to Upstate NY, Pittsburgh seems like a boom town. I still have family in the area and would like to move back. Most people who grew up where I'm from have that nasally midwestern Chicago sounding accent. I used to sound like a Pittsburgh native because of the family connection and then not so much after moving away from there. After ten years in California, I sound like everyone out here.

32. rooemoore Follow Befriend 41 threads 905 comments Ross, CA

    89   8:29pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike (1)   rootvg says rowemoore says rootvg says The barrier to fixing our problems is the oldsters who think it's their turn to dictate our societal priorities and they have the numbers to make it stick through the elections process. You're right. Things would be different if young people had more say. But, they don't. And they won't. I've told you over and over, I'm a homophobic bigot!.

33. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    90   8:48pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   rootvg says I used to sound like a Pittsburgh native because of the family connection and then not so much after moving away from there. Have you ever heard the WDVE routine about a fictional second-hand clothing store named "Pants n' at" and Donnie Iris? :-D

34. 1sfrenter Follow Befriend (1) 11 threads 224 comments San Francisco, CA

    91   8:54pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   wthrfrk80 says That sounds a lot like Binghamton. Oh man don't remind me. Lived in Binghamton while going to college. That place is the Twilight Zone, for sure

35. 1sfrenter Follow Befriend (1) 11 threads 224 comments San Francisco, CA

    92   8:55pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   rootvg says it's not the United States of San Francisco. It is were I live. Now get the hell off my lawn.

36. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    93   9:16pm Fri 4 May 2012   Share   Quote   Permalink   Like (1)   Dislike (1)   Protected   rowemoore, There is no such thing as "homophobia." That word is a contrived, purely political term. It's sort of like the term "death tax." It used to be called the inheritance tax, but the aristocracy figured they could get what they wanted by playing word games.

37. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    94   9:27pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   wthrfrk80 says rootvg says I used to sound like a Pittsburgh native because of the family connection and then not so much after moving away from there. Have you ever heard the WDVE routine about a fictional second-hand clothing store named "Pants n' at" and Donnie Iris? :-D No, sorry.

38. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    95   9:29pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   1sfrenter says rootvg says it's not the United States of San Francisco. It is were I live. Now get the hell off my lawn. No problem. If you want to live in a politically correct bubble, so be it. Just don't expect that sphere of influence to extend beyond the bridge.

39. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    96   9:32pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike (1)   Protected   1sfrenter says rootvg says it's not the United States of San Francisco. It is were I live. Now get the hell off my lawn. I'm not on your lawn and I'm not going to be. We don't live in the United States of San Francisco! You can't get it done, now or EVER!

40. Mick Russom Follow Befriend (2) 7 threads 530 comments Belmont, CA

    97   10:13pm Fri 4 May 2012   Share   Quote   Permalink   Like   Dislike   East bay, violent crime, bad schools, terrible commutes and a feeling of "are we even in the USA?" yes, lets have bubble 2.0 in the hills where we can get a good whiff of the sweage dump near McCarthy Ranch.

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