April 30, 2008

21% price cut in Milpitas – which is why it’s not in the Bay Area

385 Carnegie Dr, Milpitas

385 Carnegie Dr, Milpitas image
Photo: << 1 2 3 4 5 6 7 8 >> All
$469,000

* Status: Active
* Bedroom: 4
* Bathroom: 2
* Year Built: N/A
* Lot Size: 5663
* Square Footage: 1436
* List Date: 5/22/2007
* Garage Spaces: 1
* MLS#: 727905
Well Located lots of room for your Dreams! Perfect home with converted garage! Beamed ceilings, open floor plan, Dual Pane Windows, Marble Shower Surround in Setting for growing family!! Nearby schools, shopping and freeways!

I’m not sure why the price of this house has dropped. It’s in Milpitas. It’s within listening distance to 680. It’s got a Marble Shower Surround in Setting for growing family! I mean, come on – how often is it that you can buy a place with a shower where your growing family can fit into!

Let’s take a trip down memory lane and see what this looked like last year:

Milpitas is so prime, so special, so great weather that I just had to share this house with you. You see, it sold on 4/4/2007, for $525,000. And then, the new owners wanted to give back to the community, by allowing you to buy it – so they put on the market on 5/22/2007 for $599,900.

That’s just $1,560 appreciation per day – nothing out of the ordinary for a place as special as Milpitas.

Gosh how time flies. Some day Milpitas will be back in the Bay Area. Some day.

Comments (86) -- Posted by: burbed @ 5:39 am

86 Responses to “21% price cut in Milpitas – which is why it’s not in the Bay Area”

  1. Pralay Says:

    Milpitas is so prime, so special, so great weather that I just had to share this house with you. You see, it sold on 4/4/2007, for $525,000. And then, the new owners wanted to give back to the community, by allowing you to buy it – so they put on the market on 5/22/2007 for $599,900.
    —————

    It seems 2007 sale record was the foreclosure case – buy back by Wells Fargo. Immediately they put it back to market for $599,900, but they did not get any buyer so far.
    I think the last sale was at Sept 2006.

  2. Robert Says:

    > “Perfect house with converted garage!”

    Does that mean my house won’t be perfect til I wall off my garage?

    Guess it’s off to Home Depot for some 2×4′s because I believe in perfection!

  3. RealEstater Says:

    Don’t under-estimate the power of cheap, junk houses. If you used your spare change to buy 5 of of these houses 10 years ago, you’d be retired now.

  4. ex-sunnyvale-renter Says:

    Still has an extra zero on the price, when gas is $10 a gallon, no one’s going to consider commuting to/from Milpenis that much of a treat.

  5. Pralay Says:

    If you used your spare change to buy 5 of of these houses 10 years ago, you’d be retired now.
    ————-

    RE,
    Are you retired already? If not, why not? Still living as “hitech guy” and paying mortgages?

  6. MSG Says:

    I just saw the median price index for the local areas. It looks like quite a bit of neighborhoods are getting hammered in San Mateo and Santa Clara county based on year over year prices in Q1:

    http://www.dqnews.com/Charts/Monthly-Charts/SF-Chronicle-Charts/ZIPSFC.aspx

    Cupertino, parts of Los Gatos, Mt. View are still holding up- that doesn’t mean the trend is heading lower. Milpitas getting hammered.

  7. MSG Says:

    I was thinking, if you want to send your kids to the best public school districts, why not just buy a nice house in a cheap area, and rent an apt. in Cupertino to qualify and send your kids to school there? My cousin went to Monte Vista, and he and his parents lived in a small one bedroom apt there. Pretty cheap rent too… less than a grand. If elite private school education is less than 12k a year, then that could make sense economically.

  8. RealEstater Says:

    >>Are you retired already? If not, why not? Still living as “hitech guy” and paying mortgages?

    Pralay,

    I can pay off my mortgage today if I choose to, but I’m quite happy to keep paying it at 5.5% APR. Instead, my money can be put to better use by buying another property in the Bay Area.

    I absolutely need my job, but probably for reasons different from yours. Here are some of those reasons:
    1. Without a pay stub, I cannot borrow money to buy real estate.
    2. A job provides healthcare for the family. I don’t care how much money you have, if you get sick without insurance, you can be quickly wiped out.
    3. With miles earned on business travel, I get to go on free vacations at least twice a year!

  9. RealEstater Says:

    What is often not mentioned in the press is that over the past 5 years, a lot of people have re-financed to rock bottom 30 year fixed interest rates. These people have not only accumulated large amounts of equities, they are paying the lowest possible rate on their house. They are riding through this recession like nothing can touch them, and there is no incentive to sell.

  10. Kapil Dev Says:

    “Cupertino, parts of Los Gatos, Mt. View are still holding up- that doesn’t mean the trend is heading lower. Milpitas getting hammered.”

    I have been following Milpitas. The hammered is maybe because almost all the sales are in two new condo complexes which are mostly 1 or 2 bedroom units. I do not know if they included in the average.

  11. Pralay Says:

    I absolutely need my job, but probably for reasons different from yours. Here are some of those reasons:
    1. Without a pay stub, I cannot borrow money to buy real estate.
    2. A job provides healthcare for the family. I don’t care how much money you have, if you get sick without insurance, you can be quickly wiped out.
    3. With miles earned on business travel, I get to go on free vacations at least twice a year!

    ————–

    RE,
    You are the only rich guy I have seen who is working to get health insurance and free mileage. :)

    Damn! When will the time come for me when I have to deal with some morons 9 to 5 everyday and have hectic airline travels for only ONE purpose – to get free mileage.
    Then I figured that buying air-tickets is the cheapest part of vacation costs. I end up paying more in hotels, food and drinks, car rentals, tours and activities. :(

    Cannot borrow money without paystubs? Hmmmm, now I know why all the real estate investors working in my office. To get paystubs.

  12. madhaus Says:

    So this house is down 21% from last June, which is 3 more percentage points than how much the median price is down in the whole zip code (per Dataquick link furnished by MSG above).

    I love how they include not one but two pictures of that carefree landscaping, better known as abandonment.

    ex-svl alluded to snout houses in another post. This one has a converted garage and I can’t find any evidence of a front door from those pictures. So what do you call a snout house that had its garage turned into extra living space? Realoplasty! Ahahahahaha!

    MSG, the whole subject of people “living” in Cupertino while really residing somewhere else ought to be covered as a whole post. I know the high school district did some checking up a couple of years ago and kicked out more than 300 kids for not being legal residents.

    RE, you’re such a card. A successful real estate investor doesn’t need an outside job, because once you own enough property, they pay for themselves! You need to read The Saga Of Jeff. You remind me of Jeff. Be sure to read all 3 parts. I don’t think you’ve hit part III yet. But you will, I have faith in you.

  13. RealEstater Says:

    Madhaus,

    Don’t waste your time on those ridiculous stories put up on the Bubble sites. The model I follow is on solid footings every step of the way. Let me cite some major differences:

    1. I don’t invest in fly-over country. I only invest in places where property values always go up.

    2. A property in the RBA will not just sit vacant for long periods. There is always an abundance of renters. Just look at the crowd on this site.

    3. I don’t use creative financing. If I can’t close a deal with regular financing, I don’t buy the house.

    4. I follow best practices. I make sure there is money left over to cover any unexpected events after buying a house.

    By the way, I don’t claim to have any secret formula. There are plenty of people like me (e.g. most of my friends), and not as many “Jeff’s” out there as you’d like to believe. What I’m doing, any regular tech guy can do it.

  14. Pralay Says:

    RE, you’re such a card. A successful real estate investor doesn’t need an outside job, because once you own enough property, they pay for themselves! You need to read The Saga Of Jeff. You remind me of Jeff. Be sure to read all 3 parts. I don’t think you’ve hit part III yet. But you will, I have faith in you.
    ———–

    Madhaus,
    You are dead-on, while giving example. My favorite line from that saga:

    On the other hand, it’s a bit alarming when an investor says “it simply will NOT happen”.

    Why do points #1 and #2 in post 13 sound so similar to what described in above line?

    And, renters? Renters are obviously not favorite people for for a guy. So I am guessing he is not renting his properties either.

  15. fremontrenter Says:

    RE,

    You are a real idiot. Your reasons for having to work crack me up. I have to admit those are the most foolish reasons I have ever heard. Your explanations indicate that you are NOT rich. You could have just said “I work because that would keep me engaged rather than sitting home and doing nothing” and I would have bought it at face value.

  16. Real Estater Says:

    >>You could have just said “I work because that would keep me engaged rather than sitting home and doing nothing” and I would have bought it at face value.

    fremontrenter,

    I’m just an average Silicon Valley tech guy, and I think people can relate to that. It doesn’t serve any purpose to boast about money. Contrary to popular belief, a guy who sits around doing nothing doesn’t usually get rich.

  17. Pralay Says:

    Contrary to popular belief, a guy who sits around doing nothing doesn’t usually get rich.
    ———–

    I thought that’s the basic idea of being homeowner. :) Atleast that’s idea I am getting from post #3.

  18. rick Says:

    Do NOT buy a house with flat roof unless you plan to add a new roof, unless you love the leaking in the raining season. This house will need a lot of work.

  19. fremontrenter Says:

    RE,

    You don’t have slightest idea what being rich really means. A person who is rich does not “have to” work for money. His savings/investment income will make sure that he will maintain an upper middle class life style till he dies. A person who needs to work for satisfying his needs (whatever they may be) is not already rich. May be you could say he’ll become rich one day if he keeps working for a while.

  20. RealEstater Says:

    >>You don’t have slightest idea what being rich really means.

    Rich or not is relative. Compared to you I’m rich enough, but compared to the Jones across the street I may not be.

    >>A person who is rich does not “have to” work for money.

    Tell that to Bill Gates or Warren Buffet.

    >>His savings/investment income will make sure that he will maintain an upper middle class life style till he dies.

    Isn’t that the model I’m putting forward? To summarize: If a person invests in real estate during his prime working years, then sooner or later his properties will be supporting his life style until he dies. As long as the property is there, there is income coming in. Note that this is very different than a person having a lot of savings, and hoping he dies before the savings run out.

  21. RealEstater Says:

    >>Do NOT buy a house with flat roof unless you plan to add a new roof, unless you love the leaking in the raining season.

    Moderning roofing materials should solve that issue for good. The real problem with flat roof is the heat build up, since there’s no attic to serve as an insulation layer.

    Basically any Eichler or Eichler-like houses are energy inefficient. At the time they were built, the purpose was to build them cheaply and quickly.

  22. RealEstater Says:

    Correction:

    Moderning -> Modern

  23. Crossroads Says:

    Wait… if Eichler houses are so bad, why are people always fighting to preserve them?

  24. RealEstater Says:

    >>Wait… if Eichler houses are so bad, why are people always fighting to preserve them?

    Because they have a certain character that some people like (or are stuck with), such as a wall of glass that bring in a lot of Sun light. At the time it was marketed as a way to bring the outdoors into the house. In reality, it’s a cheap design, and not energy efficient.

  25. DreamT Says:

    http://johnfyten.com/eichler_city.htm
    written from a real estate agent (abhored by many burbed readers I know), but pretty comprehensive and balanced review of Eichlers in the peninsula.

  26. fremontrenter Says:

    >> Compared to you I’m rich enough,

    How can you be soooo sure about this. Looks like you are reverting back to your habit of making claims without any stud.

    >> Tell that to Bill Gates or Warren Buffet.

    They don’t “have to” work. I thought a person of your intelligence may understand what “have to” mean. But seems not.

    >> Isn’t that the model I’m putting forward?
    Your model is put all the eggs in the same basket Real Estate. Tell that to Bill Gates and Warren Buffet

  27. fremontrenter Says:

    “without any stud.” read it as “without any proof”

  28. RealEstater Says:

    >>How can you be soooo sure about this. Looks like you are reverting back to your habit of making claims without any stud.

    I am sure of it. Show me otherwise, and I will consider an apology.

  29. fremontrenter Says:

    why should i show. If you have any brain left, you should show what you have. I’ll consider forgiving.

  30. Pralay Says:

    Tell that to Bill Gates or Warren Buffet.
    ———–

    I am pretty sure they don’t work for earning frequent flyer mileage. Recently Bill Gates traveled to India and Africa for some purpose. And I am pretty sure that this some purpose is not earning frequent flyer mileage.
    Earning freq flyer mileage – this is the most amazing reason I have ever heard as reason for work.

    I always thought people like Bill Gates, Buffett or Andrew Lloyd Weber can earn FFM this way:

    I love the story of playwright, Andrew Lloyd Weber purchasing a famous 18th century painting for $15 million dollars and paying with his credit card, earning him a cool 15 million frequent flyer miles!

    Source ref here

  31. RealEstater Says:

    >>If you have any brain left, you should show what you have.

    It doesn’t take much brain to see that a person renting in Fremont is not exactly prime material for lifestyles of the rich and famous!

  32. RealEstater Says:

    Pralay,

    You were one of those crying about not being able to go on vacation due to the high cost of living in the Bay Area. Although I wrote that in a humorous tone(which I’m sure your “low IQ” friend appreciates very much), the real intent is to show someone like you that there is a way to achieve anything. Yes, you can own a million dollar house in the Bay Area, have your 3 cars paid off, go on vacation to international destinations twice a year, go out to eat Sushi and lobster every weekend, and have zero credit card debt. Yes you can!

  33. RealEstater Says:

    >>Your model is put all the eggs in the same basket Real Estate.

    Why are you making a claim without any basis? I’m also an advocate of maxing out your 401K.

  34. fremontrenter Says:

    >> It doesn’t take much brain to see that a person renting in Fremont is not exactly prime material for lifestyles of the rich and famous!

    I never claimed to be rich and famous. You claimed to be rich. Then you claimed that you are richer than me. Both unproven statements.

  35. fremontrenter Says:

    >> Why are you making a claim without any basis? I’m also an advocate of maxing out your 401K.

    Because maxing out on 401k is not the only alternative to putting your non 401k money in RE. Some portion of your non 401k money should also in investment which are non RE. Based on what I have read so far you are advocating putting everything (non 401k money) in RE investment,

  36. RealEstater Says:

    >>You claimed to be rich. Then you claimed that you are richer than me. Both unproven statements.

    You’re making things up again. Show me where I said I am rich?

  37. fremontrenter Says:

    Your post #8 was attempt to cast yourself as a rich guy, though you did not understand what “being rich” really means.

    Then your statement “Compared to you I’m rich enough” was an unproven statement that you are richer than me with the justification that “It doesn’t take much brain to see that a person renting in Fremont is not exactly prime material for lifestyles of the rich and famous!

  38. RealEstater Says:

    >>Because maxing out on 401k is not the only alternative to putting your non 401k money in RE. Some portion of your non 401k money should also in investment which are non RE.

    We can get into a big discussion, but you need to focus on baby steps, since you’re still a renter in Fremont. It’s a fair assumption that you’re not well established. Before you can start talking about money allocation, your first priority is to save up for a down payment to buy a house. After you have a place to live, we can talk about what to do with the rest of your money.

  39. fremontrenter Says:

    Watch your pride. You already sound like a drunk guy. The reply was completely out of context. That’s your problem. When you run out of points, you start off with something like this.

  40. RealEstater Says:

    >>Your post #8 was attempt to cast yourself as a rich guy

    Let me recap:

    Post #8: “I absolutely need my job”. No mention of the word “rich”.

    Post #13: “There are plenty of people like me”

    Post #16: “I’m just an average Silicon Valley tech guy, and I think people can relate to that.”

    You follow?

  41. fremontrenter Says:

    That shows you progressively had to eat your own words in post #8 after getting ridiculed and disproven. You could have simply stated “I am not rich” rather than “Compared to you I’m rich enough”.

    Also “There are plenty of people like me” does not say “I am not rich”. It’s like “There are plenty of millionaires”

  42. Pralay Says:

    RE,
    Just like your many other posts, post #32 little bit off-topic – probably you wrote it to show how much you have, without any context. As I personally don’t know you, I have no reason to believe it is true. And I have no reason to believe it is false either. So let’s not get into that. But I have say the same thing what I stated earlier:

    Earning freq flyer mileage – this is the most amazing reason I have ever heard as reason for work.

  43. Pralay Says:

    Ok, in case you guys don’t know, here is MY amazing reason to work:

    I get free coffee and coke at my work.

    And that’s the only reason I NEED my job.

  44. RealEstater Says:

    Pralay,

    Post #32 is all for you and about you. It says nothing about me, so there’s nothing to doubt one way or the other.

  45. RealEstater Says:

    FremontRenter,

    The troll police is about to get you soon. Let me say it one last time: Compared to you I’m rich enough. If you disagree, show me. I promise you I’ll take your word for it.

  46. Pralay Says:

    Post #32 is all for you and about you. It says nothing about me, so there’s nothing to doubt one way or the other.
    ————

    Really???????????? Thanks, but no thanks. I don’t need advise from a person without credential (or demonstration of some basic knowledge of economics and financial matters).

  47. RealEstater Says:

    >>get free coffee and coke at my work.
    And that’s the only reason I NEED my job.

    Pralay,

    In my case, I gave you 3 reasons. Healthcare was one of them, and it’s not to be taken lightly. The last one was thrown in for your benefit, as I mentioned.

  48. RealEstater Says:

    Pralay,

    The main problem I see in you is your refusal to get help. If you’re stuck in an apartment, unable to go on vacation, and need free coke at work, why don’t you get some help? Do you not ask for direction when you’re lost?

  49. Pralay Says:

    I got it. 3 reasons. 3rd one is silly one.

    But paystub for “investor”. I am taking it seriously – in face value. :)

  50. Pralay Says:

    The main problem I see in you is your refusal to get help.
    ———

    As matter of fact I do get help whenever I need – a lot. When I get sick, I don’t go to car-mechanic to fix my health. At least that much common sense I have.

    ———
    If you’re stuck in an apartment, unable to go on vacation, and need free coke at work, why don’t you get some help?
    ——–

    Just because I rent, that does not mean I rent an apartment. Just because I don’t trumpet my drum to announce how many times I go to “international vacation”, that does not mean don’t go. And I have no reason to tell you how many times I go to vacation, unless you personally know me.

    ————
    Do you not ask for direction when you’re lost?
    ———–

    Yes, GPS. But I definitely don’t ask a cow or elk for direction. :)

  51. madhaus Says:

    Pralay & fremontrenter: Stop feeding the troll.

    Reasons to work:

    1. Not much going on during the day in land of million dollar shacks.
    2. George W. Bush and Dick Cheney depending on me to drive my car each day and keep filling it up.
    3. Free office supplies!
    4. Amusing dramas acted out by my officemates, free!

    Reasons not to work:

    1. Sleeping late is really refreshing.
    2. I’m sick of filling out health insurance paperwork.
    3. Could spend hours posting to burbed.
    4. Would have to declare self as a “real estate professional.” Oh wait, that’s not a reason in favor.

  52. Pralay Says:

    2. George W. Bush and Dick Cheney depending on me to drive my car each day and keep filling it up.
    ————

    One car? I was under impression that I need to own 3 cars – one of them should be porsche. One gas tank allocated for W, one for Cheney and another for Condy The RBAian.

  53. fremontrenter Says:

    RE,

    i don’t have the habit of making baseless statements and then asking the otherparty to disprove them. Just like Bertrand Russel said when he was commenting on somebody’s style of debating “I claim that is a cup and saucer revolving around earth. Disprove it”. You seem to belong to same league of people who propose something and ask others to disprove it.

  54. fremontrenter Says:

    Looks like RE’s rude and unwelcome comments got removed. Yeah troll police is really out.

  55. Crossroads Says:

    I still think you guys are abusing the world troll.

    A real troll would come here and say “OBAMAMA SUX! Only Palo Alto people would vote for him”

    Or something.

  56. RealEstater Says:

    >>I still think you guys are abusing the world troll.

    For an example of trolling, see #51.

  57. RealEstater Says:

    fremontrenter,

    >>Looks like RE’s rude and unwelcome comments got removed.

    You must be delirious. There was never any rude and unwelcome comments in the first place.

  58. madhaus Says:

    Crossroads,

    That’s a basic off-topic troll, instantly identifiable by even the dweebiest n00b. RE is a a more difficult specimen, dedicated to annoyance rather than noise. Here’s a good website describing different types of trolls. See Part II. RE shows signs of several types.

    But what trolldom comes down to is interfering with discussion and getting people to argue, either with the troll or with each other.

  59. madhaus Says:

    fremontrenter: Second reminder — don’t feed the troll.

  60. DreamT Says:

    Crossroads – but that would be an obvious troll and ineffective because not related to the topic in any way. A better troll is a comment that appears to be on topic but starts a heated conversation where the point of contention has nothing to do with the original topic. Since even burbed sometimes posts trolls on his main page, I guess posting trolls is not only accepted but expected…

  61. DreamT Says:

    Pralay, madhaus’ link claims that you’re a Mutt Troll?!? “Mutts frequently become obsessed with a few or even a single poster with whom they disagree, often for purely personal reasons. Like a dog gnawing at a bone, the Mutt will attack the object of its ire over and over again (…)” (j/kidding, no need to respond!)

  62. Pralay Says:

    Pralay, madhaus’ link claims that you’re a Mutt Troll?!?
    ——–

    Since when I denied I am not a troll or did not behave like a troll? People who feed troll are troll too.

  63. DreamT Says:

    Pralay,
    Not a troll because of feeding one (if it’s a good troll one is not even aware (s)he is feeding it). But a troll because of the fixation on a specific person and the relentless postings. Anyway I thought the term ‘Mutt’ was funny…

  64. sg Says:

    DreamT,

    RE attracts negative attention from a lot of people. This particular thread proves it.

    RE likes posting random comments, anything that can be used to prove his/her assertion about housing.

    Obviously there is no doubt in anyone’s mind that he/she is a Realtor. Yet he/she denies it.

    And Pralay is not the only person who disagrees with him/her. But Pralay’s rebuttals have been the funniest of all, IMO.

  65. Pralay Says:

    Guys,
    Forget about definition of troll. Anybody else has amazing reason for work? I would love to hear that.

    I stated mine, in post #43.

  66. Real Estater Says:

    Guys,

    Don’t play madhaus’ game. His favorite topic is trolling, and his purpose is to get people into heated discussion about it rather than discussing real estate.

    It’s funny I get accused of being a realtor, which means I’ve been talking real estate on a real estate blog. By definition, that’s not “trolling”.

  67. madhaus Says:

    My Case-Schiller comment finally showed up. Burbed said it automagically went to the spam folder and has no idea why. Must be all those spammy numbers.

    Have a look and continue commenting either there or here.

  68. Real Estater Says:

    >>RE attracts negative attention from a lot of people.

    Again, this is very funny. Why should there be negative attention in the first place? Just because you don’t agree with it? Instead of denouncing the attack dogs here who make inappropriate remarks, you are attacking the victim?

    Many of my topics have been featured on this site, which means at a minimum they merit further discussion. Have you gotten that from the “troll” guy or his Indian comrade?

  69. Pralay Says:

    Have you gotten that from the “troll” guy or his Indian comrade?
    ———–

    And what exactly is the relevance of mentioning my origin here, Mr. Victim?

    Let me try to guess. You are assuming most of the visitors here are non-Indian (probably born American too). So you are trying to gain support instigating on race or origin factor here. Am I right, Mr. Victim?

  70. Real Estater Says:

    Madhaus the hypocrite:

    Isn’t it about time you ask Pralay to stop trolling?

  71. madhaus Says:

    Pralay, if I’ve told you once, I’ve told you a hundred times:

    Don’t Feed The Troll.

  72. fremontrenter Says:

    Well for me RE is the troll on this forum. Pralay just tries to reply too many times rather than ignoring him. Problem with RE is that he gets slowly far away from the point he is making after some time. I have noticed in too many debates. Once is loses in debate, he does not admit it. Instead keeps bringing up points already debated and lost by him. Once he loses all of them, he gets personal.

  73. Pralay Says:

    Pralay, if I’ve told you once, I’ve told you a hundred times:

    Don’t Feed The Troll.
    ———–

    Madhaus,
    Actually this time I did not try to feed the troll.

    I asked him a very fair question: What is the relevance of my origin in this discussion? Tolling is one thing, bringing race/ethnicity/color/origin without any context another thing. I think that’s called politics.

  74. Real Estater Says:

    >>Don’t Feed The Troll.

    Here we go again!

  75. Real Estater Says:

    fremontrenter,

    You can claim to win all the debate if you like. At the end of the day, who is the one living in the real Bay Area?

  76. Real Estater Says:

    >>I asked him a very fair question: What is the relevance of my origin in this discussion?

    A fair question deserves a fair answer. I chose not to point you out by name, yet you came out to admit you are that guy. How can I help you now?

  77. Real Estater Says:

    Correction:

    >>At the end of the day, who is the one living in the real Bay Area?

    should be

    At the end of the day, who is the one not living in the real Bay Area?

  78. Pralay Says:

    I chose not to point you out by name, yet you came out to admit you are that guy.
    ———–

    And somehow you figured out that citing race/color/origin/ethnicity is the only way to point at someone precisely, right?

  79. sg Says:

    >> Why should there be negative attention in the first place? Just because you don’t agree with it? Instead of denouncing the attack dogs here who make inappropriate remarks, you are attacking the victim?

    Huh! We have been there before. Read my last comment again and again until it sinks. In short, your arguments funny at best, and stupid at worst.
    BTW, I have to admit, I do get entertained at your funny arguments.

    >>Many of my topics have been featured on this site, which means at a minimum they merit further discussion.

    What are “your” topics? Do you have monopoly on certain topics?

    >> Have you gotten that from the “troll” guy or his Indian comrade?

    This wasn’t necessary. Looks like you are seriously upset.
    You haven’t been getting your commission this year like you used to get last year or year before?

  80. sg Says:

    >>At the end of the day, who is the one living in the real Bay Area?

    RE, the same question.
    What is REAL bay area?

  81. DreamT Says:

    sg (post#64) – I find RE moderately entertaining and Pralay annoyingly persistent. I see more negativity in Pralay’s aggressive posts than RE’s self-important posts, and both come out arrogant anyway – RE with his tunnel vision on RE data, references to “management class”, disregard for amateur RE analysis and frequent hypocrisy; Pralay with his high-school debating antics that do not stand scrutiny. Frankly, I wouldn’t want to be either one’s supervisor or coworker. Would you?
    I also agree with the consensus that RE must be a failed real estate agent (possibly racist too?), who maybe was a tech person before and now.
    Now I think I’ll speak for the silent majority (but apparently not this site’s moderator?): enough of thrashing this forum with noise that drowns the relevant posts.

  82. burbed Says:

    All I can say is:

    1. Please keep it civil. I see too much name calling here. I see too much baiting here.
    2. Please keep it somewhat related to real estate.

  83. Pralay Says:

    And I agree with completely with DreamT for his post#81 (yes, including my description). :)

  84. Real Estater Says:

    DreamT,

    >>references to “management class”,

    Let me just say a word about that, which has been quoted out of context. When I brought up that phrase, I was making a point that when you invest in real estate, you want to follow where the money is. If you look at where the prices are dropping (and where people are making fun of on this site) it’s all those places where the money is not at. Would you rather be in a position of envy, or a position of being made fun of?

  85. Real Estater Says:

    Let’s see:

    DreamT – “Pralay with his high-school debating antics that do not stand scrutiny”

    Pralay – “And I agree with completely with DreamT for his post”

    That’s giving Pralay too much credit. Pralay will surely get blown off the stage if he is to compete with someone from Monta Vista High School debating team.

  86. RealEstater Says:

    >>Frankly, I wouldn’t want to be either one’s supervisor or coworker. Would you?

    You would if you are smart. The following is a true story. One of my coworkers came to seek out real estate advice from me in 2003. At the time, there were still a lot of layoffs in tech companies, and many people considered home prices to be too high. This person bought a house in the mid-800′s after I checked it out. Last year, two comparable homes across the street have sold for slightly over $1.5M. You can calculate how much equity they have now. They’re now thinking of expanding the house to bring it to $2M price range.


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Please be nice. No name calling, no personal attacks, no racist stuff, no baiting, etc. Let's be nice to each other in the true Bay Area spirit! (Comments may be edited/removed without notice.)