Bay Area: An average los of $5,000 per month for current listings
Burbed reader Remodelnerd sent this postcard in:
Here’s what Remodelnerd had to say:
Anyway- got this in the mail yesterday, thought you might be interested. I thought I was making money hand over fist here in Bay Area 2.0- but, boo
hoo- actually I’m losing $5000 a month!! Shoot. Now I’m going to have to make way over the 100K *everybody* here makes- just to break even.
Well, I’ll be the first to admit it – the real estate market is a bit soft around here. In part because the Main Street Media (MSM) continues to wrongly insist that places like East Bay, Gilroy, and others are part of the Bay Area.
Fret not though, just wait until Spring Bounce! Everyone knows that once the Superbowl passes, prices will resume their normal, healthy, God given 20% per year apprecation. It’s just a matter of time – be strong! Be strong!
October 25th, 2007 at 9:48 am
Oh man… the ‘spring bounce’ you really are reminding me of these awful Realtors® I keep running into. They just are as bad as car salesmen. Lie lie lie. Try to get you anxious so you’ll blow your hard earned savings.
October 25th, 2007 at 11:42 am
At least one Realtor® is saying that homeowners are losing $5000 every month. I thought home price always goes up. That’s what all the Realtors® were saying all the time.
Now, why should a person buy a home this month when it will cost $5000 less next month?
October 25th, 2007 at 11:43 am
Yeah, remeber last year’s spring bounce? Right after the Super Bowl? Prices went way up, I mean down. And that “normal” 20% appreciation has never happened before, and that “health” that you mention more closely resembled a line of meth, and that God you speak of … well, I think he’s getting a little bit ticked off.
October 25th, 2007 at 11:50 am
“We sold his property in 7 days for over asking price in a slow market”. Yeah Kurt! You’re bucking the downward selling trend and keeping the BA special! Now take your $$$ and buy some of that auctioned property in Manteca like any good Real Estate flipper would do.
October 25th, 2007 at 1:25 pm
Average “los” LOL!!
That’s why it’s called “los” Angeles folks!
October 25th, 2007 at 1:44 pm
95050 & 95051…that’s Santa Clara. Come on, how do you lose $5000/month there? We have Santana Row, Stevens Creek auto Row, Intel, and Pho!
October 25th, 2007 at 3:50 pm
You mean Slumma Clara?
As for Pho, it’s from Pot de Feu, it’s originally French. Not hard to make anywhere, except I’m not sure what part of the cow that part with all the stringy tendon is, I just mix it with the noodles and slurp it up….. yum!
Honestly, I invented a game one day at Barefoot Coffee Roasters….. “How Can You Tell We’re Not In Texas?” – never got a winner.
October 25th, 2007 at 6:35 pm
Santana Row is technically in San Jose, not Santa Clara. Part of Valley Fair mall is in Slumma Clara though.