Comments on: What does $1,199,999 buy Alameda these days? http://www.burbed.com/2008/07/31/what-does-1199999-buy-in-alamdea-these-days/ San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog Thu, 09 Feb 2012 01:07:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: anon http://www.burbed.com/2008/07/31/what-does-1199999-buy-in-alamdea-these-days/#comment-12912 anon Mon, 04 Aug 2008 19:30:24 +0000 http://www.burbed.com/?p=2119#comment-12912 Real-a-tor speak: “…I fill in the blanks on your purchase contract for only $47,999.96″ - Timeline Guy™ but but but ... they have to have a high school diploma *AND* pass a test! That seems reasonable to me... Real-a-tor speak: “…I fill in the blanks on your purchase contract for only $47,999.96″

- Timeline Guy™

but but but … they have to have a high school diploma *AND* pass a test! That seems reasonable to me…

]]> By: Timeline Guy™ http://www.burbed.com/2008/07/31/what-does-1199999-buy-in-alamdea-these-days/#comment-12911 Timeline Guy™ Mon, 04 Aug 2008 18:34:30 +0000 http://www.burbed.com/?p=2119#comment-12911 Real-a-tor speak: "...I fill in the blanks on your purchase contract for only $47,999.96" - Timeline Guy™ Real-a-tor speak: “…I fill in the blanks on your purchase contract for only $47,999.96″

- Timeline Guy™

]]> By: madhaus http://www.burbed.com/2008/07/31/what-does-1199999-buy-in-alamdea-these-days/#comment-12910 madhaus Sat, 02 Aug 2008 22:00:24 +0000 http://www.burbed.com/?p=2119#comment-12910 Take a look at Foster City on that USGS map. It's all RED as far as the eye can see. If the San Andreas lets go closer to it, maybe over in Crystal Springs reservoir, say, I think we're going to have a lot of places literally underwater. Take a look at Foster City on that USGS map. It’s all RED as far as the eye can see. If the San Andreas lets go closer to it, maybe over in Crystal Springs reservoir, say, I think we’re going to have a lot of places literally underwater.

]]> By: anon http://www.burbed.com/2008/07/31/what-does-1199999-buy-in-alamdea-these-days/#comment-12909 anon Sat, 02 Aug 2008 21:16:47 +0000 http://www.burbed.com/?p=2119#comment-12909 'Don’t worry about the market. The market will adjust if prices cannot be sustained, regardless of whether there is complaint." This statement is both trivial and self evident therefore I have no substantive response. "It doesn’t matter. This is a capitalist economy. People have a right to take risks, and people have a right to pay the price if they’ve got the means. Reality is whatever the market is, rather than what you think the market should be." I am aware that this is a capitalist economy, and I am aware that people can take risks. The problem is that, in this case, the people who made stupid decisions are being helped by the government at the expense of people who did not live beyond their means. It's funny that you think you know a thing or two about 'the housing market' because you've been able to make money off it during a bubble. ‘Don’t worry about the market. The market will adjust if prices cannot be sustained, regardless of whether there is complaint.”
This statement is both trivial and self evident therefore I have no substantive response.

“It doesn’t matter. This is a capitalist economy. People have a right to take risks, and people have a right to pay the price if they’ve got the means. Reality is whatever the market is, rather than what you think the market should be.”
I am aware that this is a capitalist economy, and I am aware that people can take risks. The problem is that, in this case, the people who made stupid decisions are being helped by the government at the expense of people who did not live beyond their means.

It’s funny that you think you know a thing or two about ‘the housing market’ because you’ve been able to make money off it during a bubble.

]]> By: mrbogue http://www.burbed.com/2008/07/31/what-does-1199999-buy-in-alamdea-these-days/#comment-12908 mrbogue Sat, 02 Aug 2008 20:25:28 +0000 http://www.burbed.com/?p=2119#comment-12908 <i>Worth is what the market will bear. To those of you who think homes are over-priced, just don’t buy them, and don’t complain if others are willing to pay the price. Don’t assume just because you cannot afford something, nobody else can.</i> Good advice and the best train of thought. If you cant afford the areas you want now, its best to figure out better methods (innovate) to make additional income to achieve your goal. If prices do indeed decrease, then take it as a bonus. If home prices increase, then hopefully your innovations will produce revenue that far exceeds real estate price inflation. Worth is what the market will bear. To those of you who think homes are over-priced, just don’t buy them, and don’t complain if others are willing to pay the price. Don’t assume just because you cannot afford something, nobody else can.

Good advice and the best train of thought. If you cant afford the areas you want now, its best to figure out better methods (innovate) to make additional income to achieve your goal. If prices do indeed decrease, then take it as a bonus. If home prices increase, then hopefully your innovations will produce revenue that far exceeds real estate price inflation.

]]> By: Real Estater http://www.burbed.com/2008/07/31/what-does-1199999-buy-in-alamdea-these-days/#comment-12907 Real Estater Sat, 02 Aug 2008 18:01:28 +0000 http://www.burbed.com/?p=2119#comment-12907 >>The ‘market’ could only ‘bear’ these prices with the existence of easy credit. Don't worry about the market. The market will adjust if prices cannot be sustained, regardless of whether there is complaint. >>Why shouldn’t people complain that other people are ‘willing’ to pay the price? It drives the overall prices up to a point where they have lost touch with reality. It doesn't matter. This is a capitalist economy. People have a right to take risks, and people have a right to pay the price if they've got the means. Reality is whatever the market is, rather than what you think the market should be. >>The ‘market’ could only ‘bear’ these prices with the existence of easy credit.

Don’t worry about the market. The market will adjust if prices cannot be sustained, regardless of whether there is complaint.

>>Why shouldn’t people complain that other people are ‘willing’ to pay the price? It drives the overall prices up to a point where they have lost touch with reality.

It doesn’t matter. This is a capitalist economy. People have a right to take risks, and people have a right to pay the price if they’ve got the means. Reality is whatever the market is, rather than what you think the market should be.

]]> By: plasticv http://www.burbed.com/2008/07/31/what-does-1199999-buy-in-alamdea-these-days/#comment-12906 plasticv Sat, 02 Aug 2008 17:56:39 +0000 http://www.burbed.com/?p=2119#comment-12906 Looks like a haunted house to me. Must be great to dress up on halloween, but I wouldn't want to live in it. Looks like a haunted house to me. Must be great to dress up on halloween, but I wouldn’t want to live in it.

]]> By: anon http://www.burbed.com/2008/07/31/what-does-1199999-buy-in-alamdea-these-days/#comment-12905 anon Sat, 02 Aug 2008 17:55:52 +0000 http://www.burbed.com/?p=2119#comment-12905 Why shouldn't people complain that other people are 'willing' to pay the price? It drives the overall prices up to a point where they have lost touch with reality. Isn't that part of why this blog exists? Actually paying for a home has become passe. Whereas the attitude once was: "can I pay for this home in 30 years?", it is now: "I need to jump on the bandwagon so I can get 15% yearly appreciation. Therefore I will execute certain documents that put this home in my name for a year or five so that I can get some free money. Sure, I have no intent to fully carry out the lease, but that doesn't matter because I'm guaranteed 15% appreciation so I can over leverage myself." The 'market' could only 'bear' these prices with the existence of easy credit. Why shouldn’t people complain that other people are ‘willing’ to pay the price? It drives the overall prices up to a point where they have lost touch with reality. Isn’t that part of why this blog exists?

Actually paying for a home has become passe. Whereas the attitude once was: “can I pay for this home in 30 years?”, it is now: “I need to jump on the bandwagon so I can get 15% yearly appreciation. Therefore I will execute certain documents that put this home in my name for a year or five so that I can get some free money. Sure, I have no intent to fully carry out the lease, but that doesn’t matter because I’m guaranteed 15% appreciation so I can over leverage myself.”

The ‘market’ could only ‘bear’ these prices with the existence of easy credit.

]]> By: Real Estater http://www.burbed.com/2008/07/31/what-does-1199999-buy-in-alamdea-these-days/#comment-12904 Real Estater Sat, 02 Aug 2008 17:55:41 +0000 http://www.burbed.com/?p=2119#comment-12904 Whether or not a place is safe has everything to do with the caliber of the population that reside there. High priced areas will naturally have less crime. Therefore, when it comes to buying a home, affordability should be construed as a negative. As everyone would agree, criminals are losers. You want to be in an area where losers cannot afford. The above concept may be counter-intuitive, because when it comes to everything else, you want to buy for the lowest price. Whether or not a place is safe has everything to do with the caliber of the population that reside there. High priced areas will naturally have less crime. Therefore, when it comes to buying a home, affordability should be construed as a negative. As everyone would agree, criminals are losers. You want to be in an area where losers cannot afford.

The above concept may be counter-intuitive, because when it comes to everything else, you want to buy for the lowest price.

]]> By: Real Estater http://www.burbed.com/2008/07/31/what-does-1199999-buy-in-alamdea-these-days/#comment-12903 Real Estater Sat, 02 Aug 2008 17:44:15 +0000 http://www.burbed.com/?p=2119#comment-12903 Worth is what the market will bear. To those of you who think homes are over-priced, just don't buy them, and don't complain if others are willing to pay the price. Don't assume just because you cannot afford something, nobody else can. Worth is what the market will bear. To those of you who think homes are over-priced, just don’t buy them, and don’t complain if others are willing to pay the price. Don’t assume just because you cannot afford something, nobody else can.

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