patrick.net

Southern California is Prime!

http://tinyurl.com/28kar9

Peter said...

The 1900 sq. ft. townhouses runs upwards of 850K.

Not completely unreasonable. That works out to less than $450 per sqft.

Well considering 2000 sq ft TH sold for underr 200K 10 years ago..
I guess there is a reasonable explaination to go from 200K to 850K in 10 years.
Heck I even recal TH in Sausolito for around 300K now 1.2M...

More people, booming economy, high salary, inbound jobs, goverment restrictions
and "they aint building more homes in the Bay Area.

What a nice FAT BUBBLE we have in the Bay Area.

Well considering 2000 sq ft TH sold for underr 200K 10 years ago..
I guess there is a reasonable explaination to go from 200K to 850K in 10 years.

I pulled the following from Zillow about the townhouses in Sunnyvale, closed to where I used to live (La Mesa Terrace). It's around 2100 sq.ft.
It's about 8% increase every year, of course it's high but I doubt you can get anything that's worth 850K now for 200K back then.

Sale History
02/13/2007: $692,000
06/25/1996: $303,000

I pulled the following from Zillow about the townhouses in Sunnyvale, closed to where I used to live (La Mesa Terrace). It’s around 2100 sq.ft.
It’s about 8% increase every year, of course it’s high but I doubt you can get anything that’s worth 850K now for 200K back then.

Sunnyvale is very special now.

*unlurks*

I go away for a weekend in Italy and this thread appears before I can read it!

Don't buy in Vancouver. Expensive + global warming = under water...in more ways than one.

*relurks*

azrob Says:

I bike commute 13 miles each way every day here in phoenix. I go from tempe to scottsdale...
_____

I salute you!

The only thing is, the temperature is ramping up like crazy. Did you feel the heat and humidity on Saturday, before the dust storm? It was like 100 degrees F. and felt like the summer Monsoon had started early.

I live in the NW valley & can tell you that commuting 13 miles in the hot sun can cause heat exhaustion pretty quickly.

Good luck, you two-wheeled intellectual critter & soldier of the sun!

Brand,

Given the news hit on a Monday (not a Friday) I was limited to South Sea Tropical Blend Iced Tea! I don't recall it ever tasting so good though! Smiling and nodding as if hanging on the client's every word yet looking out of the corner of my eye for the waitress to work her way toward our table with that pitcher of "amber liquid". Sick, isn't it?

All global warming is local!

(and belongs to MUGGY!)

David Liareah left the NAR and is currently working on his new book to be released this spring. Be sure to reserve your copy today. :)

More bad RE numbers (it's almost mind-numbing how bad the numbers continue to look):

http://money.cnn.com/2007/05/01/news/economy/homesales/index.htm?postversion=2007050110

The National Association of Realtors' Pending Home Sales Index fell 4.9 percent in March, following a 1.1 percent increase in February. The index is down 10.5 percent from the March 2006 reading.

Economists surveyed by Briefing.com had been looking for a 0.4 percent rise in the index...

Brand said:
[re: Liearreah's departure from NAR]
Ever since I read the article this morning, I’ve been waiting all day to see the patrick.net fireworks.

Yeah, I know what you mean. But somehow, my own immediate reaction was that the bastard jumped ship just as it went down. I would have liked to see him go down with it, getting exposed for the shameless shill that he was.

Instead, he seems to have landed himself a cushy little gig, where (like the dot-com CEOs in 2000) he will most likely lie to his employees about exactly how fukked the company is. I hope DavidLereahWatch.com keeps going after him. :-)

SP

SP,

Also good to see the MSM turn on DL as well! Several articles today featured a timeline of his intentional misdirection's. Each passing day and the introduction of fresh evidence make his bad calls that much more obvious.