The San Francisco Real Estate Blog



San Francisco Real Estate Blog. It's every bit as interesting as Curbed, the New York Real Estate blog.
-- Max Black - Prairie Fire












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August 2006




August 01, 2006

San Francisco Bay Guardian : Best of the Bay 2006 : Neighborhoods

It's the end of the day, and like so many other noble laborers in the city, I'm sipping an icy cold Sierra on the back deck of Dago Mary's Restaurant. From here it's possible to see the sunset reflecting off the faces of distant downtown buildings and miles of opaque, indescribably blue ocean and sky that look so pure I feel like I've died and gone home to down east Maine.

Except that I'm about 100 yards from a Superfund site. Dago Mary's is perched between the city's 1,400 Bayview acres slated for redevelopment and the Navy's cleanup operations on Parcel B, one of six Hunters Point Naval Shipyard sites that will also go municipal someday. From here, there's a bird's-eye view of the mounds of "clean" and "dirty" earth - the old adage "a little dirt never hurt" comes to mind as dust swirls in the evening breeze and little particles land in my beer foam.

It also happens to be only a few hundred yards down the hill from my own humble abode. In fact, I had lunch there yesterday. Fairly basic for two, fried calamari, a crab louis, and the catch of the day (halibut) for sixty bucks with tip. Ouch!

The SFBG calls this locale "Third Street," but what they're really talking is Bayview-Hunters Point Shipyard, my hood. They say it's one of the six "Best of the Bay" neighborhoods. I like my nabe, but "best?" Let's get a Safeway in there first, okay?




August 02, 2006

Those damn neighbors! This cracks me up -- Burbed.com: Your Silicon Valley Home and Mortgage Insanity Blog

I was pretty certain that there were a lot of ignoramuses dabbling the the real estate market, clueless nitwits who would end up badly hurt when the inevitable downturns occur, but I didn't realise just how stupid they could get until the good folks at Burbed offered living (I think) proof.

And by the way, speaking of stupid - how about that "expert" reply?




August 15, 2006

My Way News - Home Sales Decline in 28 States, D.C.

WASHINGTON (AP) - The slowdown in the once-sizzling housing market is spreading, with 28 states and the District of Columbia reporting spring sales declines, led by big drops in former boom areas of Arizona, Florida and California.
As I have repeatedly said, the buying public now views the glass as half-empty, not half-full. Look for more, and worse, reports like this one over the next couple of years, at least. When the pendulum swings, it always swings further than you expect.




August 21, 2006

Face it: The housing bust is here - MSN Money

Back on June 12, 2005, Time Magazine chose this headline for its cover: "Home $weet Home: Why We're Going Gaga Over Real Estate." I did not share the euphoria, as I believed that the housing bubble was about to peak.

In fact, in my column two months later -- the headline of which, "It's RIP for the housing boom," stood in stark contrast -- I said that Time's cover would be shown in retrospect as basically having marked the peak. That real-time view little more than a year ago has been validated, regrettably.

Any contrarian knows that when the boom of the moment finally hits the covers of Time and Newsweek, it is then officially time to bail.




August 26, 2006

Remember when you sold a house in the SF Bay Area by sticking your head out your window, hollering, "House for sale!" and then rushing outside to conduct an auction on the spot among a dozen or so desperate buyers, which usually tacked another 20-30k onto your original asking price?

I just did a search in the real estate section of the SF craigslist for ads containing the word "reduced." Came up with 655 results.