May 26, 2009

Belmont house – new from the foundation up – $709 per square foot

This week, we celebrate the 5 Bay Area cities featured in Forbes’ “Top 25 Towns To Live Well (and have good access to Venture Capital)”. Coming in at #11:

2524 DEKOVEN Ave, Belmont, CA 94002 | MLS# 80804798
2524 DEKOVEN Ave Belmont, CA 94002
Price: $1,049,000

238872938-2524
Beds: 3
Baths: 2
Sq. Ft.: 1,480
$/Sq. Ft.: $709
Lot Size: 7,900 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Bay, Neighborhood, City Lights
Year Built: 1949
Community: Haskins Estates
County: San Mateo
MLS#: 80804798
Source: MLSListings
Status: Active
On Redfin: 389 days
New from the foundation up. Staged, gorgeous Hi ceilings, sky lights, chefs kit, sub zero, Wolf etc. .Ideal park like setting for bar-b-q, rv, boat playground, dog run etc. .SF views slate walks, drive, and patio area, ready to move in. ..

New from the foundation up. But most importantly, it’s staged. Do you know how few houses are actually staged these days? It’s defnitely a value add and something you’ll always remember.

In fact, it’s so gorgeous that it has been on the market for 389 days. Do you know what happens? Basically people go, visit the house, and amazed at how beautiful the staging is (and the views too) and then leave, realizing that they are not worthy.

Again, this is a great example of a house where you can buy it, and turn it into a tourist attraction, charging for the views. Win win! It’ll help pay the mortgage!

Go ahead and visit, I bet you will find that you can’t buy it either. You’re not worthy.

Comments (210) -- Posted by: burbed @ 5:20 am

210 Responses to “Belmont house – new from the foundation up – $709 per square foot”

  1. caterpillar Says:

    Look at the bird’s eye view. What happens if war or something breaks out? You’ll be sitting pretty right next to 2520-2522, the only fresh water for miles…and if you’re a ham radio buff, sneaking a radio up on the water tanks next to the cell towers has got to provide near-ideal conditions for messing around with radios. Important not to sell this one short.

  2. Herve Says:

    Bought in September 2006 for $750K and they’re trying to sell it for $1,049,000… On the market for more than a year… In the Nile.

    And why does the realtard even mention that the house is staged?

  3. Herve Says:

    More good news!

  4. nomadic Says:

    I think this is the lovely view caterpillar was referring to in #1:
    http://maps.live.com/default.aspx?v=2&FORM=LMLTCP&cp=q7m0g54t6zxr&style=b&lvl=2&tilt=-90&dir=0&alt=-1000&scene=13490535&phx=0&phy=0&phscl=1&encType=1

    Those are TALL water towers. And you get to see the house at the framing stage! I wonder if an earthquake ruptured one of those tanks if it could completely wash the house away? Then again, it’s already underwater…

  5. nomadic Says:

    tanks, I mean. (not towers) but they are kind of towering over the ‘hood.

  6. steve Says:

    a nice summary of the housing market from the Chron:

    Signs of more trouble ahead for housing market

  7. Observer Says:

    Don’t believe the media. Houses are cheap if you don’t care about school district or quality of the neighborhood. In good areas homes are going quickly. A lot of home sales are going through this month.

  8. Pralay Says:

    In good areas homes are going quickly.
    —–

    You mean “Average Day On Market” in Palo Alto from 42 (last year same time) to 85 is “going quickly”?

  9. Pralay Says:

    Don’t believe the media.
    —–

    Observer, please tell us whom/what should we believe. :)

  10. Pralay Says:

    I find #7 is quite believable.

  11. a. lewis Says:

    Another great report from Calculated Risk:

    House Prices, Real Prices, Price-to-Rent ratio

    In the ‘good’ East Bay cities I’m looking at, listing price/sfqt is indeed holding firm at ’08 levels for the very best places.

    But the definition of ‘very best places’ continues to shrink. And the number of sales that closed in March-April was stunningly low.

    I predict inventory bloatage, putting very much pressure on those ‘best homes’.

    Sure, the best home on the best block can command a premium – even the most cynical housing bears on this blog have to face the fact that people like really nice homes and are inclined to pay more for them.

    But how much premium? When a totally decent home that needs a little landscaping and a kitchen remodel costs a lot less than the cost of a little landscaping and kitchen remodel…

    I see big discounts on smaller, older homes, and the larger, newer ones sitting on the market waiting for the shrinking pool of rich buyers to reward them.

  12. Real Estater Says:

    Right on, Observer. Your observations are quite accurate. I take it you have been looking at houses?

  13. Pralay Says:

    Your observations are quite accurate.
    —–

    Yes, when operative words are some vague terminology like sold quickly” or “a lot of home sales“, anything could be “accurate”. :)

  14. Real Estater Says:

    How can someone who is “not even looking” be able to tell if something is accurate or not?

  15. Pralay Says:

    Another logical flaw in RealExcreter’s statement. It’s RealExcreter who claimed accuracy some value statements. Not me.

  16. Pralay Says:

    Correction in #15: accuracy of some vague statements.

  17. nomadic Says:

    If we parse #7, we could say this is accurate:

    Houses are cheap if you don’t care about school district or quality of the neighborhood.

    We’ve all seen the $1 houses in Detroit. :-)

    The rest is nothing but opinion without data.

  18. Pralay Says:

    How can someone who is “not even looking” be able to tell if something is accurate or not?
    ———–

    Second logical flaw: A person’s “not even looking” status has nothing to do with understanding housing market.

    We all know how much RelExcreter, who is looking for property for more than one year, understands market. He uses the word “selling briskly” for 200 DOM property. I think that’s what he referred as “having a firm grip on the pulse of the market” in March 2008. :)

  19. Pralay Says:

    The rest is nothing but opinion without data.
    ——

    What I find amazing is that he starts his comment with statement “don’t believe the media“, then he offers none to believe him.

  20. Real Estater Says:

    nomadic,

    Have you seen any data from Pralay? He doesn’t even have any information regarding his own neighborhood!

  21. Pralay Says:

    How about RealExcreter answers #8? That indeed have some data.

    But he won’t answer it, because whenever he tries to sell his data (actually lie) as “selling briskly”, he is proven wrong.

  22. Pralay Says:

    He doesn’t even have any information regarding his own neighborhood!
    ——

    Above statement is another lie from a proven liar.

  23. Real Estater Says:

    Pralay’s waffling positions are fully backed by his proven data!

  24. Pralay Says:

    And liar’s words should not be trusted.

  25. a. lewis Says:

    Ha – bay area houses with bad location and bad school districts have come WAY down from their bubble heights – but they’re not cheap by national standards!

    They’ve merely dropped to somewhere near building costs, which is NOT cheap. In bad areas of the rest of the country, bad housing drops way below building costs. There’s not many such areas around here. The average US home is somewhere in the what, $150k range? Find me some 3BD SFH for $150k in the Bay Area – it’s not going to be pretty.

    It’s not going to be ‘just OK’ houses, in ‘OK’ neighborhoods that merely have bad schools. It’s going to be BAD locations, high crime, and bad schools. And probably run-down, to boot.

    I don’t think Observers statements are either valid or helpful.

    Just because houses in Richmond have dropped from $400k to $200k doesn’t make them cheap.

    Observer just still believes in the bubble pricing.

    This is common from people who weren’t interested in real estate prior to 2002 – they have no context for judging prices beyond the bubble, so they’re AMAZED when things drop down by 25% or even 50%. But what if they were inflated by 400%? It doesn’t make them cheap.

  26. nomadic Says:

    #20 – he hasn’t made any specific claims regarding real estate either. In case you haven’t noticed he only makes fun of you with your own words.

  27. a. lewis Says:

    #26 – Do Not Feed The Trolls. We lose more threads this way…

  28. Nomadick Says:

    just using my alternate moniker today

    ;-)

  29. Real Estater Says:

    nomadic,

    In case you haven’t noticed, you have a habit of feeding Pralay’s troll posts. If he hasn’t made any claim, what the hell are you supporting him for? Try to be honest with yourself for once: Do you really take this clown seriously?

  30. Real Estater Says:

    A. Lewis says,
    >>bay area houses with bad location and bad school districts have come WAY down from their bubble heights – but they’re not cheap by national standards!

    Do you really think it’s legitimate to compare Bay Area with other parts of the nation that don’t have our weather, employment, income, and entrepreneurship environment? If you really think the other places are equivalent, then why don’t you just move there? Unless you ask yourself these basic questions, you’ll always be wondering why Bay Area costs more.

  31. Pralay Says:

    A proven liar’s word should not be trusted.

  32. SiO2 Says:

    #4, the birds eye view is also a time machine. If you spin counterclockwise you can see the pre-remodel house. I guess the passes in one direction were taken at a different time than passes in another direction.

    Check out the google street view too. That’s nutty. Bright side though, a quiet neighbor.

  33. anon Says:

    “Do you really take this clown seriously?”

    Yeah, Nomadick! Evidently you missed the memo that the only serious clown around here is real estater.

  34. Real Estater Says:

    Liar, liar, pants on fire! Can anyone help Pralay register for elementary school? Please find one with API score above 700.

  35. Pralay Says:

    Do you really think it’s legitimate to compare Bay Area with other parts of the nation that don’t have our weather, employment, income, and entrepreneurship environment?
    ——

    Do you really think that he is comparing with the criteria (“weather, employment, income, and entrepreneurship environment”) conveniently set by you? Or is he making argument against Observer’s argument of the cheapness of BA homes?

  36. DreamT Says:

    where can I book RealEstater for my next party?

  37. Pralay Says:

    Evidently you missed the memo that the only serious clown around here is real estater.
    —-

    Don’t forget the “pro” part. A serious PRO clown with “having a firm grip on the pulse of the market”.

  38. Real Estater Says:

    DreamT,

    I’d gladly help out at your going-away party if you get canned again.

  39. Real Estater Says:

    Pralay,

    And don’t forget, never believe a clown who is a proven pathological psychological liar who cannot be trusted!

  40. Pralay Says:

    where can I book RealEstater for my next party?
    ——-

    Well, considering the fact that Real Gray Area is “too fraught with dangers”, he won’t be joining your party after dark.

    But again, RealExcreter is a proven liar. It’s possible that he does not live in “Green Zone”.

  41. Pralay Says:

    Pralay,

    And don’t forget, never believe a clown who is a proven pathological psychological liar who cannot be trusted!
    —–

    Thanks for providing the link. It will be great if you provide the same link at the bottom of your every comment (e.g comment #12) – something like a signature.

  42. DreamT Says:

    Doesn’t “getting canned” mean getting fired? They make parties for that?

  43. Herve Says:

    Come on people, where is the love?

  44. nomadic Says:

    #29 – I sure as hell don’t take you seriously. You have proven you aren’t capable of an intelligent fact-based discussion.

  45. anon Says:

    Don’t worry, excreter!

    I know you’re a serious clown…

  46. Real Estater Says:

    nomadic,

    I applaud you for your capability to have an intelligent discussion with Pralay even though he does not have any specific point!

  47. Pralay Says:

    Except some excretions from real estate industry (e.g. “no downturn here” and “Sunnyvale homes are selling like hot cakes”), what “specific point” do YOU have RealExcreter?

  48. Real Estater Says:

    The data is finally here! April existing home sales rose by 2.9 percent. All those posts by those who keeps denying are proven wrong. Yes, all those pending sale signs do make it into the records!

  49. Pralay Says:

    Useless aggregate data.

  50. nomadic Says:

    In April, the inventory of existing homes for sale rose 8.8 percent to 3.97 million. The median national home price fell 15.4 percent to $170,200, compared to the same period a year-ago. That was the second biggest percentage decline on record.

    A separate report from the Federal Housing Finance Agency showed prices for U.S. single-family homes fell 7.3 percent over the 12 months ended in March. On Tuesday, the Standard & Poor’s/Case-Shiller survey showed prices off 18.7 percent in March compared to the same period last year.

    http://www.reuters.com/article/ousiv/idUSN2754905920090527

    This news sure makes me thrilled to be a homeowner. Inventory is growing faster than sales are accelerating…

  51. Pralay Says:

    And don’t forget that the NAR data is comparison between March to April (not year-to-year).

    Yahoo News:

    Sales of previously occupied homes rose modestly from March to April as buyers who were brave enough to dive into the market took advantage of prices that were 15.4 percent below year-ago levels.

    The National Association of Realtors said Wednesday that home sales rose 2.9 percent to an annual rate of 4.68 million last month, from a downwardly revised pace of 4.55 million in March.

  52. Pralay Says:

    In April, the inventory of existing homes for sale rose 8.8 percent to 3.97 million.
    ———–

    We should be talking about “velocity of buyable inventory”, nomadic. ;)

  53. Real Estater Says:

    More than 90 percent of economists predict the U.S. recession will end this year

    Of course, they are all wrong, just as Ben Bernanke is wrong. Only Pralay knows best!

  54. Pralay Says:

    What recession? There is no recession. Declaration by NBER was arbitrary.

  55. Pralay Says:

    More than 90 percent of economists predict the U.S. recession will end this year
    ——–

    Guys,
    Let’s look at the facts, not the predictions.

  56. a. lewis Says:

    In lieu of reading the rest of my post, just check out the best source for the housing sales analysis, CalculatedRisk:

    Existing Homes Sales & Inventory

    Now, for my usual long-windedness:

    RealEstater is a liar and should not be trusted at all – almost everything he says is an outright lie or a distortion intended to give the impression that home prices are going up.

    I’m really tired of his bullsh*t. Congratulations, RE, you made me annoyed today if that is your goal.

    But moving on to other matters for anyone interested in facts and useful information instead of a flame-war.

    Existing home sales:

    First of all, the NAR report is a National Report, which is only partially related with the details in your local neighborhood, as many here like to point out. Isn’t it amazing how people will criticize others for talking about national trends or data, then cite other national trends when they think it bolsters their opposing view?

    I personally think all housing markets are interconnected, so we should watch the national trends, and keep them in mind when considering local and regional sales and inventory. But we should not forget that you could have a huge over-supply of housing somewhere else, and a dearth of supply here, which won’t be reflected in the average.

    Nationally, existing home sales rose from March to April 2009 by 2.9 percent. This is a small increase. It would have been worse news if it dropped, but this was not strikingly good news. Sales in May almost always exceed sales in April. But to be fair, it could have been worse.

    Compared to 2008, May sales were DOWN. Repeat, May sales were down from last year. This is not good news. The NAR could have emphasized this point, but they chose not to, instead making a point of the Month-Month increase, though that’s not news. Ponder that for yourself.

    In fact, May sales have been continuously dropping since 2005. A 5 year downward trend – is that encouraging news? No, it’s not. That’s bad news.

    The silver lining to these dark clouds is that we’re probably closer to the bottom than the top, because the rate of decrease YoY is slower, and we’ve come a long way down since 2005.

    Read CR’s analysis on inventory, I won’t re-iterate it here b/c I’ve gone on long enough.

    Bottom line: the national housing report points to lower national housing prices. Your mileage may vary.

  57. nomadic Says:

    A., this is GREAT:

    In fact, May sales have been continuously dropping since 2005. A 5 year downward trend – is that encouraging news? No, it’s not. That’s bad news.

    downward trend for five years? That just means we must be at bottom now and things can only get better! ;-)

  58. Pralay Says:

    Isn’t it amazing how people will criticize others for talking about national trends or data, then cite other national trends when they think it bolsters their opposing view?
    —–

    Especially when it happens in very same thread (e.g post #30).

  59. Real Estater Says:

    A,

    I’m giving you a fact based discussion by providing a link to data announced today. True, this data is for the national market, so it is only the baseline. The Bay Area market is known to be better than the national market. I’ve been saying for a month now sales are up in the Bay Area, and it is also coming out in our local reports. These are facts, not lies. You heard it from me before it made it to the news, and I’m certain you will surely hear similar news in the coming weeks…and be more annoyed by the reality than ever.

  60. burbed Says:

    There’s actually an interesting theme here – how does the Real Bay Area real estate market diverge from the greater California, and National market.

    I’m not sure how one would quantify or evaluate that delta.

  61. a. lewis Says:

    #59, I stand behind everything in my last.

    If anyone wants to understand the general annual pattern of home sales, look at the first chart in the CR post I linked to. Sales are lowest in winter, and higher in summer. Nationally, sales tend to increase every year from January through June.

    Again, 2009 is the worst Jan-April for the last 5 years. That is a sign of lower housing prices.

    RealEstater, you again prove yourself entirely useless, look at what you wrote: “The Bay Area market is known to be better than the national market.” That’s so vague it’s useless. Better in what way?

    If you mean higher prices than the national average, that’s true. I’ve always said it’s true. I’ve always said the BA deserves a premium over the national average, and will continue to do so. And the RBA over the MRBA over the BA. Location matters.

    But the national prices are dropping, the sales are the worst in 5 years, and that’s going to bring BA prices down, not up.

    You heard it from me before it made the news!

    Let me be clear – I’m annoyed by you – I’m smug and self-satisfied when I read these dismal housing reports that tell me how smart I was to continue renting on not buy over-priced housing in a feverish bubble.

  62. Pralay Says:

    RealEstater is a liar and should not be trusted at all – almost everything he says is an outright lie or a distortion intended to give the impression that home prices are going up.
    ——

    And when he posted #48, he did not bother to provide the source (NAR).

    It reminds me his six months old post where he cherry picks some comments from real estate page and labels them as “notable quotes“. It turned out that most of the comments he quoted (“notable quotes”) are from Realtards.

  63. Pralay Says:

    I’ve been saying for a month now sales are up in the Bay Area, and it is also coming out in our local reports.
    —–

    “Up” compare to what, RealExcreter?

  64. a. lewis Says:

    Spring bounce should be expected every year – otherwise hell has frozen over. But starting from the lowest December in five years, and ending with the lowest April in 5 years, is bad news, not good news.

    Liars with vested interests and Real Estate Brokers are the only ones pretending it’s good news.

    If I say, “California woke today without an 8.5 earthquake destroying billions of property!”, is that good news that should cause housing prices to rise?

  65. a. lewis Says:

    Quick real estate 101 question – what are the components that go into real estate appreciation? That is, explain why home prices rise (when they are rising).

  66. Real Estater Says:

    A.,

    >>Better in what way?

    When I said better, I meant stronger. The market we have today in the Bay Area would be considered a good market in most parts of this country.

    >>Again, 2009 is the worst Jan-April for the last 5 years. That is a sign of lower housing prices.

    As I said before Q1 2009 was the bottom, and we are in recovery mode now.

  67. Real Estater Says:

    >>Spring bounce should be expected every year

    I agree that Spring bounce happened in the Bay Area this year, as with every year. In other words, it’s business as usual. No downturn here.

  68. Pralay Says:

    I agree that Spring bounce happened in the Bay Area this year, as with every year. In other words, it’s business as usual. No downturn here.
    ——

    What about #57?

    May sales have been continuously dropping since 2005

    Business as usual indeed! :)

  69. Real Estater Says:

    >>Quick real estate 101 question – what are the components that go into real estate appreciation? That is, explain why home prices rise (when they are rising).

    For starters:

    1. Demographic changes – Increase in population over time due to migration or immigration.
    2. Economic developments – Entrepreneurship activity, industry growth, employment opportunities.
    3. Limited supply of land.

  70. Pralay Says:

    As I said before Q1 2009 was the bottom, and we are in recovery mode now.
    —–

    The person who confuses between seasonal change and recovery, INTENTIONALLY, is a liar.

  71. a. lewis Says:

    #66: hahahahah.

    When I said better, I meant stronger. The market we have today in the Bay Area would be considered a good market in most parts of this country.

    So what does ‘stronger’ mean? What does ‘good’ mean? Do you want to take SP/LP? DOM? Months of inventory? Be specific if you want to participate.

    But you’re just trying to distract from all the solid, data-backed points I made. With none of your own.

    The evidence is that 2009 is a year of low prices and low sales Nationally. That is the only sane interpretation of the data. Anyone saying different is lying and probably trying to make money off their lies.

    And let’s be clear on another point. Buying in the bay area during the last 5 years was one of the worst possible real estate investments in the country. We had some of the biggest bubble-fever-induced price increases, unrelated to fundamental value, of anywhere in the country.

    Compare the Case-Shiller data for the other 20 cities, and you see that only a few did worse than us (Miami, Phoenix, Vegas) – the rest suffered from this bubble, but not so badly.

    So it would be more accurate to say “the bay area has been one of the worst, weakest, housing markets in the country in the last 2-3 years”.

    And I’ll be specific, I mean in terms of price declines. The Bay Area suffered some of the steepest price declines in the country. That’s a fact.

  72. Pralay Says:

    3. Limited supply of land.
    —–

    LOL! RealExcreter third choice is a gem – coming right from NAR.

    I thought RealExcreter would be talking about “velocity of buyable inventory”.

  73. a. lewis Says:

    For a visual of the 20-city data, look at the nifty NY Times graphic, which I base my last point off of.

    NYT Housing Graphic

  74. Pralay Says:

    Anyone saying different is lying and probably trying to make money off their lies.
    —-

    Is it true, RealExcreter?

  75. Real Estater Says:

    A. Lewis,

    The graph is flawed because it’s based on useless aggregate data. When they refer to “San Francisco”, they’re including all the outlying areas that have been devasted by the crisis. Such data is totally irrelevant, unless you want to move out there.

  76. Pralay Says:

    2. Economic developments – Entrepreneurship activity, industry growth, employment opportunities.
    —–

    Tell about industry growth and employment opportunities in Q1 that resulted “recovery” (according to you), RealExcreter.

  77. Real Estater Says:

    Pralay,

    Have you found a suitable elementary school yet?

  78. nomadic Says:

    Care to take your own advice from post #27, A.?

  79. Pralay Says:

    The graph is flawed because it’s based on useless aggregate data.

    Do you have alternate no-flaw graph for SF, RealExcreter?

  80. nomadic Says:

    From A.’s Calculated Risk post, there is one positive graph (from a “where’s the bottom?” perspective):

    http://2.bp.blogspot.com/_pMscxxELHEg/Sh1l3r60TNI/AAAAAAAAFYY/rFqmFn6cztA/s1600-h/EHSYoYInventoryApr2009.jpg

    CR’s comment on it:
    If the trend of declining year-over-year inventory levels continues in 2009 that will be a positive for the housing market. Prices will probably continue to fall until the months of supply reaches more normal levels (in the 6 to 8 month range compared to the current 10.2 months), and that will take some time.

  81. Pralay Says:

    Have you found a suitable elementary school yet?
    —-

    I figured that I don’t need to, because I can spell Manhatten.

  82. Pralay Says:

    When they refer to “San Francisco”,
    —-

    Some news from city.

    The city’s real estate industry showed no signs of a recovery, with accelerating weakness in residential asking rents, median home sales and commercial rents.

  83. Real Estater Says:

    Pralay says,
    >>Do you have alternate no-flaw graph for SF, RealExcreter?

    The best alternative is to simply listen to you. After all, we cannot trust the Fed Chairman or 90% of the economists out there. You are the single source of truth, and well supported by the likes of nomadic.

  84. Real Estater Says:

    Pralay says,

    >>Some news from city.

    I think the Chronicle hired the guy from patrick.net. This is why they published this headline article. Look at the readers’ comments, and you’ll see why many people do not agree.

  85. anon Says:

    Do not confuse “do not agree” with “are stupid and desperate to believe a lie.”

  86. Pralay Says:

    As usual you are avoid answering it, RealExcreter. Let’s sum up the points:

    1. In #66 you said Bay Area market is “stronger”. Keep in mind that you used the word “Bay Area”, not SF. You provided NOTHING to support your statement.

    2. In #71 and #73 Lewis showed with sufficient information why Bay Area (not SF) market is not stronger.

    3. Then comes your decorated reply #75 – switching the gear from “Bay Area” to “San Francisco”. But again you provided no substance to show why Bay Area (or San Francisco) market is stronger.

    So where is your no-flaw graph to prove Bay Area/San Francisco market “STRONGER”, RealExcreter?

  87. Pralay Says:

    I think the Chronicle hired the guy from patrick.net.
    ——

    Well, if that is the case, there is another guy who posted comment #48 here. Who hired him?

  88. Real Estater Says:

    Pralay,

    Unless you explain what are your positions toward each of the items in #86, I have no response for you, as I do not know what I am responding to.

    Let me be clear:

    Are you saying the Bay Area market is weaker than the national market? If so, what is your basis for such a position?

  89. Pralay Says:

    Unless you explain what are your positions toward each of the items in #86, I have no response for you, as I do not know what I am responding to.
    ——-

    LOL! :)

  90. Pralay Says:

    Are you saying the Bay Area market is weaker than the national market? If so, what is your basis for such a position?
    —-

    Read #71 and #73. Don’t whine “San Francisco” this time.

  91. Real Estater Says:

    Pralay,

    I’m waiting for you to clearly state your own position, without waffling and without referring to other people’s posts. If you are unable or unwilling to do so, then there’s really no way for me to respond to you.

  92. a. lewis Says:

    #86 – Great post Pralay, thanks. Don’t bother responding to #91.

    Real Estater leaves an ever-lengthening trail of unanswered direct questions in his wake. His main strategy? Ask a new question of his questioners, and bog them down in silly arguments.

    Anyone reading the thread later will see how we made solid points, and he was trounced. It’s sad, really.

    #78 – OK, I blew off some steam. I hearby promise not to post further in this thread. See you in another thread.

  93. Pralay Says:

    RealExcreter, my position is you are wrong and a proven liar. Based on your lack of credibility and habit of lying, your words should not be trusted in face value. Now, show us why we should trust your “Bay area market is stronger” statement when you provided nothing to support your statement.

  94. anon Says:

    Yeah, excreter! Cover your bullshit with more bullshit! go go go!

  95. Real Estater Says:

    Pralay,

    One more time: What is your position regarding the Bay Area housing market vs. the national market.

    A. Lewis,

    As anyone can see, Pralay gets bogged down anytime you ask him what is his position. He is the only one who refuses to answer questions or provide a report about his own neighborhood. The only reason you are supporting him is to blow off some steam. Unfortunately, you have no idea what you are supporting, because he never explained his position on anything.

  96. Pralay Says:

    Unfortunately, you have no idea what you are supporting, because he never explained his position on anything.
    —–

    My position is that RealExcreter is a proven liar who lies about for his profession too. He excretes as usual craps from real estate industry and keeps parroting “right time to buy” all the time (e.g. documented here, here and here).

  97. Real Estater Says:

    In summary, Pralay’s position is one of personal attack, baiting, and lacking in Bay Area spirit!

  98. Pralay Says:

    My position described in #96 is based on facts.

    Personal attack would be calling someone serious pro clown.

  99. Anon Says:

    I like the “or anything” at the end of 95. LOL.

  100. Anon Says:

    Real Estater: the clown who takes himself seriously.

  101. Pralay Says:

    I like the “or anything” at the end of 95. LOL.
    —-

    Because RealExcreter is not anything. He is nothing.

  102. Real Estater Says:

    Classic. A zero value guy with no valid point, no position, no data, and no report accuses someone else of being nothing.

  103. anon Says:

    is he wrong?

  104. Real Estater Says:

    anon,

    Ask him to clarify his position first before asking this question.

  105. Real Estater Says:

    A. Lewis says,
    >>Again, 2009 is the worst Jan-April for the last 5 years. That is a sign of lower housing prices.

    This is an extremely naive statement. I would encourage you to avoid drawing conclusions from aggregate statistics. There’s the old saying: Lies, damn lies, and statistics. The worst kind of liars here are those who rely on statistics. It is much more useful to understand the market conditions on the ground in each neighborhood, or even each street within a neighborhood. Since last year, there has been a split market and flight to quality. A house with undesirable attributes may sit on the market for a long period with multiple price reductions, while another property nearby with the right attributes may sell quickly. Overall, this is how a “normal” real estate market behaves. By historical standards, the Bay Area housing market is behaving normally, with the typical “Spring Bounce” as you noted. There was a slow period during Q1 2009 which formed the bottom as we look back. All indications are the market is on the rebound, and consistent with the wide consensus regarding economic recovery.

  106. Real Estater Says:

    I’d like to qualify my comments with an assumption. The assumption is that there would be no dramatic geo-political event that shocks the U.S. economy. Specifically, I’m referring to events such as North Korea launching a war against U.S. forces in South Korea, Isreal launching an attack against Iran and dragging U.S. into it, or a major earthquake hitting our area. The possibilities of such events happening is not zero, so I don’t want to be accused of making statements about the market without stating the risks.

  107. Pralay Says:

    Classic. A zero value guy with no valid point, no position, no data, and no report accuses someone else of being nothing.
    —-

    Ok, you are nothing liar. Happy?

  108. Pralay Says:

    Overall, this is how a “normal” real estate market behaves. By historical standards, the Bay Area housing market is behaving normally, with the typical “Spring Bounce” as you noted.
    —–

    What is the definition of “normal”, RealExcreter? If 200 DOM becomes “selling briskly” in Realtard’s dictionary, then “normal” got to be something catastrophic.

  109. Pralay Says:

    I would encourage you to avoid drawing conclusions from aggregate statistics.
    ——

    LOL! It is coming from a guy who provided only one data point in this thread so far – uselsss aggregate data in #20.

  110. Pralay Says:

    There’s the old saying: Lies, damn lies, and statistics.
    ——

    And a proven pathological liar lies with statistics. The statement “April existing home sales rose by 2.9 percent” in post #48 is a perfect example.

  111. anon Says:

    “The possibilities of such events happening is not zero, so I don’t want to be accused of making statements about the market without stating the risks.”

    Looks like excreter’s thought of everything!

  112. Pralay Says:

    All indications are the market is on the rebound, and consistent with the wide consensus regarding economic recovery.
    —–

    Useless aggregated data. The funny thing about #105 is that it starts with advice that one should avoid drawing conclusions from aggregate statistics, then the post ends with very thing it advised to avoid. :)

  113. Pralay Says:

    The possibilities of such events happening is not zero, so I don’t want to be accused of making statements about the market without stating the risks.
    —-

    Looks like North Korea is the only risk for future US economy. :)

    What about Martians? Can they land on planet Earth and affect US economy, RealExcreter?

  114. Pralay Says:

    Looks like excreter’s thought of everything!
    —-

    He is just a well rounded guy.

  115. DreamT Says:

    “I don’t want to be accused of making statements about the market without stating the risks.”

    How about making statements about the market while stating all the facts, and only the facts, RealExecerpter?

  116. Pralay Says:

    A house with undesirable attributes may sit on the market for a long period with multiple price reductions, while another property nearby with the right attributes may sell quickly. Overall, this is how a “normal” real estate market behaves.
    ——

    Ok, now we get it. When RealExcreter mentions something as “normal”, he is actually talking about declining market.

    Realtard’s dictionary is so “normal”.

  117. herve Says:

    Lower case steve, here are some houses for you :-)

  118. Real Estater Says:

    Pralay says,
    >>He is just a well rounded guy.

    Unfortunately that’s not what I can say about you. What the hell were you doing on Burbed when the NBA Western Conference Finals was going on?

  119. Real Estater Says:

    Pralay says,
    >>And a proven pathological liar lies with statistics. The statement “April existing home sales rose by 2.9 percent” in post #48 is a perfect example.

    Here’s what I actually said:

    “The worst kind of liars here are those who rely on statistics.” Note the keyword in bold. I don’t solely rely on statistics; I also talk about the circumstances around the statistics.

  120. herve Says:

    FYI lower case steve, the cubical house on 848 Southampton Dr will be open this Sunday.

  121. Real Estater Says:

    DreamT says,

    >>How about making statements about the market while stating all the facts, and only the facts

    That’s exactly what I provide. The reason some dispute with the “facts” is because they never go look at houses and don’t stay on top of the market. Others confuse data with facts. Crap-Shitter Index is one example. You might consider those data as facts, but they are utterly useless facts, especially for anyone shopping RBA.

  122. anon Says:

    “What the hell were you doing on Burbed when the NBA Western Conference Finals was going on?”

    Lol – real estater thinks he’s well rounded because he watches sports.

  123. Real Estater Says:

    >>FYI lower case steve, the cubical house on 848 Southampton Dr will be open this Sunday.

    You might consider showing him something that’s 1/3 the price.

  124. herve Says:

    Does anyone know of a Firefox plug-in to remove/hide Real Estater’s comments?

  125. Real Estater Says:

    herve,

    My recommendation would be that you take a hiatus from Burbed and buy a box of yogurt :-)

  126. nomadic Says:

    Who cares about the NBA when the Detroit Red Wings are going to the Stanley Cup Playoffs AGAIN?

    :-)

  127. Pralay Says:

    Unfortunately that’s not what I can say about you.
    ——–

    :) RealExcreter just proved himself not a well rounded guy by not understanding the sarcasm about him being well rounded.

  128. Real Estater Says:

    nomadic,

    You’re rooting for a city where houses are worth $1 and the major employer is going bankrupt?

  129. Pralay Says:

    Here’s what I actually said:

    “The worst kind of liars here are those who rely on statistics.” Note the keyword in bold. I don’t solely rely on statistics; I also talk about the circumstances around the statistics.
    ——–

    Let me put this way: Your substance in this thread is ZERO.

  130. Pralay Says:

    That’s exactly what I provide.
    —–

    One more lie from proven pathological liar.

  131. Real Estater Says:

    Pralay says,
    >>RealExcreter just proved himself not a well rounded guy

    And don’t forget, he is a proven psycho-pathological liar who cannot be trusted!

  132. Real Estater Says:

    Pralay says,
    >>Let me put this way: Your substance in this thread is ZERO.

    Now come to think of it, you need to find an elementary school with API score not to exceed 700!

  133. Pralay Says:

    RealExcreter,
    Thanks again. How about you making that link as your signature?

  134. Real Estater Says:

    Pralay says,
    >>Thanks again. How about you making that link as your signature?

    Actually, I suggest you make it in your signature, so that you don’t need to type it so often.

  135. Pralay Says:

    Now come to think of it, you need to find an elementary school with API score not to exceed 700!
    ——–

    Missed #81?

  136. Pralay Says:

    Actually, I suggest you make it in your signature, so that you don’t need to type it so often.
    ——

    It IS my signature.

    And RealExcreter cannot dispute that he is not a liar.

  137. Real Estater Says:

    Pralay,

    We also know you can spell Cupertino, but can you afford it?

  138. nomadic Says:

    #128 – abso-f*cking-lutely

    The team rocks and the city needs it more than any other. Not that it’ll do much for it economically.

  139. Real Estater Says:

    Pralay says,
    >>And RealExcreter cannot dispute that he is not a liar.

    Please don’t forget to tell your elementary school teacher.

  140. Real Estater Says:

    nomadic,

    Instead of going to a Detroit Red Wings game, you can buy like 100 f*cking houses in that city. Tough choice.

  141. Pralay Says:

    We also know you can spell Cupertino, but can you afford it?
    ———

    You mean that Cupertino which used to have 106% SP/LP, RealExcreter used to brag about it and then he stopped talking about its SP/LP?

    Do Cupertino elementary schools teach how to spell Manhatten, Star Bucks, Face Book and sky scrapers? If so, I can think about it.

  142. Real Estater Says:

    madhaus,

    We need a song: “Proven Pathological Liar”. Sounds catchy, doesn’t it? You can split the royalty with Pralay to pay for his education.

  143. Real Estater Says:

    Pralay,
    >>You mean that Cupertino which used to have 106% SP/LP, RealExcreter used to brag about it and then he stopped talking about its SP/LP?

    Don’t tell me you still can’t afford Cupertino. What’s your excuse now?

  144. Pralay Says:

    Excreter and pathological liar doesn’t deserve a song, RealExcreter.

  145. Pralay Says:

    Don’t tell me you still can’t afford Cupertino. What’s your excuse now?
    ———

    Don’t you know that Cupertino market has long way to go – downward?

  146. Real Estater Says:

    Pralay says,
    >>Don’t you know that Cupertino market has long way to go – downward?

    Wow, is that a position? I suggest a headline feature Burbed!

  147. Pralay Says:

    Want to contradict? Just 12 days back you proved you know nothing about Cupertino.

  148. Pralay Says:

    The reason some dispute with the “facts” is because they never go look at houses and don’t stay on top of the market.
    ——

    Can proven liar show a single fact he provided in THIS thread? Just one.

  149. Real Estater Says:

    Pralay says,
    >>Just 12 days back you proved you know nothing about Cupertino.

    I’m sure you know how to Google up all the stats on Cupertino. The only question left is: Can you afford it?

  150. Pralay Says:

    The reason some dispute with the “facts” is because they never go look at houses and don’t stay on top of the market.
    ——

    It seems RealExcreter cannot stay on the top of the market even going to open houses and collecting truthful information from fellow Realtards.

  151. Real Estater Says:

    Pralay says,
    >>Can proven liar show a single fact he provided in THIS thread?

    A proven pathological psycho-analytical liar cannot be trusted!

  152. Pralay Says:

    I’m sure you know how to Google up all the stats on Cupertino. The only question left is: Can you afford it?
    —–

    Not a relevant question. Therefore ignored.

  153. Real Estater Says:

    Pralay says,
    >>It seems RealExcreter cannot stay on the top of the market even going to open houses and collecting truthful information from fellow Realtards.

    A proven pathological biological liar cannot be trusted!

  154. Pralay Says:

    One more time. :)

  155. Real Estater Says:

    Put it in your sig! I want to be able to click on “Pralay” and be taken to that page immediately.

  156. Pralay Says:

    I never knew that you have so much love for the proofs of your lies.

  157. Real Estater Says:

    Pralay says,
    >>I never knew that you have so much love for the proofs of your lies.

    Just helping to reduce the number of junk posts by you.

  158. Pralay Says:

    Oh, leave it to Burbed. He is doing a pretty good job. For example, this one.

  159. Real Estater Says:

    Actually, if Burbed were really smart, he should just remove the source of all junk posts.

  160. Pralay Says:

    Junk post? Those two posts just quotes YOU and prove you as liar. How could they be junk?

  161. DreamT Says:

    RE – You’re probably not qualified to gauge how smart Burbed is. After all, he called Bait on you, yet you didn’t change your ways. How smart does that make you?

  162. Real Estater Says:

    Pralay,

    I’m sorry to point out the truth, but you are the troll of the forum and all of your posts are junk posts. This would be a better place without you. Will you please take a hiatus with Herve? I’m sure he would be happy to share some yogurt. Good night!

  163. Real Estater Says:

    DreamT says,

    >>After all, he called Bait on you, yet you didn’t change your ways.

    I have done nothing wrong. The trolls are fully responsible for the consequences.

  164. DreamT Says:

    Indeed, it doesn’t surprise anybody here that you fail to acknowledge responsibility for what you write.

  165. Pralay Says:

    This would be a better place without you.
    —–

    I bet it would be, at least for YOU. :)
    It must be an humiliating experience for you to be proven liar when all you wanted is to build a fictitious persona living in prestigious zipcode (with exotic plants.

  166. Pralay Says:

    Indeed, it doesn’t surprise anybody here that you fail to acknowledge responsibility for what you write.
    —-

    It’s all others’ fault. :) Others make RealExcreter excreting. I think it is better known as urinating in pant.:)

  167. Real Estater Says:

    After today’s housing data, even ABC News is asking if we have hit bottom! According to the article:

    >>Experts say the stars are aligned for people to begin creeping back into the housing market.

    Don’t forget, RE’s track record shows he never lies about anything; he’s just ahead of the curve! If you don’t believe him today, you will believe him later. It’s about as guaranteed as Pralay’s zero value status.

  168. Real Estater Says:

    DreamT says,
    >>Indeed, it doesn’t surprise anybody here that you fail to acknowledge responsibility for what you write.

    It sounds like you are blaming me for what was written. Please at least have the courtesy to share with me, exactly was written that you believe was my fault?

  169. anon Says:

    Blaming you for what you wrote!?

    How dare he!

  170. DreamT Says:

    Whatever you wrote was removed by Burbed. How would I know what was written? What kind of question is that? :P It’s certainly not Pralay who had posted on your behalf, unless you two are roommates who have been feuding since kindergarten and only address each other on this site.

  171. herve Says:

    Upper case Herve may be already taking a hiatus (international vacations, who knows?) but his lower case alter ego is here to stay.

    If you are using Firefox, you can install the RIP extension and add the following XPath to hide Real Estater’s nonsense:

    //li[cite='Real Estater']/p | //li[a='Real Estater']

    Yogurt anyone?

  172. DreamT Says:

    or ex-lovers who are still stuck on the lease.

  173. Pralay Says:

    If you don’t believe him today, you will believe him later.
    —–

    One year back:

    1. Don’t kid yourself. There’s no evidence to substantitate that lower prics are coming to the RBA.

    Does anybody believe this guy after one year? Raise your hand.

    Six months back:

    Any comment about the 553 jump in the stock market? The same thing will happen to the housing market when the rebound occurs — it’ll be very sudden and furious as buyers cave in after a period of low inventory, slow sales and flat prices.

    Does anybody agree this guy’s absurd prediction after six months?

    And of course he has “right time to buy” ALL THE TIME (as posted in #96).

  174. Real Estater Says:

    DreamT says,
    >>Whatever you wrote was removed by Burbed. How would I know what was written?

    If you don’t know what was written, WTF is your basis for blaming me? Is this just a blind accusation?

  175. Pralay Says:

    If you don’t know what was written, WTF is your basis for blaming me? Is this just a blind accusation?
    ——

    Emperor Burbed declared that it was a bait post. And we believe Emperor Burbed. :)

  176. DreamT Says:

    You know RE, accepting responsibility and accepting blame are two slightly different concepts. Your dad hasn’t taught you that?

  177. Real Estater Says:

    Pralay,

    Don’t waste your time copying an old post that has already been responded to. I won’t feed the troll. Sorry, try something more creative next time.

  178. Real Estater Says:

    DreamT,

    Hasn’t your dad taught you not to point the finger before you know the facts? You’re asking me to accept responsibility for something which you don’t even know what it is? Don’t you find this completely laughable?

  179. Pralay Says:

    Don’t forget, RE’s track record shows he never lies about anything; he’s just ahead of the curve!
    ——-

    Example of “ahead of the curve” – eight months back:

    There is indeed no recession.

    Looks like used car salesman is trying hard to sell his car with “track record”.

  180. Pralay Says:

    Don’t waste your time copying an old post that has already been responded to.
    —-

    RealExcreter as usual: I explained everything in past (when in past he did the very same thing he is doing in this thread).

  181. Pralay Says:

    You’re asking me to accept responsibility for something which you don’t even know what it is?
    —–

    In one side Burbed. In another side RealExcreter the proven liar. Burbed is believable. RealExcreter is NOT.

  182. DreamT Says:

    RE – I’m not asking you to do anything. I’m observing that you “fail to acknowledge responsibility for what you write.” This is factual, regardless of your post’s content.
    So, going back to your dad…?

  183. Real Estater Says:

    DreamT,

    Did your mother bring you up to be a hypocrite, or was it due to the environment in your motherland?

    You know full well Pralay is a worthless troll, yet that never seems to bother you. Why don’t you ask him to accept responsibility for his false accusations and personal attacks? Even madhaus has on one occasion expressed disapproval of his behavior, yet you have kept quiet. It seems like you’re the type that would watch someone get robbed on the subway and then tell the police you never saw the crime. I think it’s time for you to come to terms with your own bias, and accept responsibility for that.

  184. Pralay Says:

    Even madhaus has on one occasion expressed disapproval of his behavior, yet you have kept quiet.
    —–

    What about you, RealExcreter? Madhaus must be having great impression about you.

  185. DreamT Says:

    wow that was heavy. Maybe you should just go to bed and forget about these dad issues :)

  186. Real Estater Says:

    DreamT,

    The question is not whether I should go to bed, but whether you will stay up to accept responsibility.

    Pralay,

    Keep on trolling!

  187. DreamT Says:

    No Sir, I will not take responsibility for the crap you post, especially when it gets moderated by Burbed!
    Instead of whining and pleading for some fairness on my part, while (counterproductively) eructing whatever insults come to your mind… grow up!

  188. Real Estater Says:

    DreamT,

    You and Pralay are quite a pair. One of you will not take responsibility, while the other will not provide a report!

  189. Anon Says:

    And to top it all off, re is trash

  190. nomadic Says:

    My, weren’t you all productive last night?

    Well, that huge pent-up demand has been released, rushing us to new records! Too bad it’s banks’ pent-up foreclosures:

    http://www.marketwatch.com/story/foreclosures-break-another-record-in-first-quarter

    A highlight:
    “MBA’s forecast, a view now shared by the Federal Reserve and others, is that the unemployment rate will not hit its peak until mid-2010. Since changes in mortgage performance lag changes in the level of employment, it is unlikely we will see much of an improvement until after that,” he said.

    Good thing last quarter was just the final big rush to bottom, eh? Hmm, but unemployment has only improved in the last two week-to-week reports (well into Q2 and not expected to last).

  191. Real Estater Says:

    nomadic,

    This is Q1 data. As I already noted, Q1 this year was the bottom. The results should be expected.

    As for unemployment, if you’re still employed, your job is safer now than it was a year ago. Companies have already cut to the bones, and there is little room to cut back further.

  192. nomadic Says:

    My point exactly – we should see Q2 data with fewer foreclosures per your prediction, yes?

    And hell, what’s delinquency of just 9.12%? Almost 91% of people are paying their mortgage on time! woohoo.

  193. a. lewis Says:

    I want to join the proven liar’s club, so I’m posting in this thread again. Nyah nyah!

    I just wanted to raise the level of discourse.

    RBA home prices will fall fast and hard. Sell now! Don’t buy!!

  194. Real Estater Says:

    A. Lewis,

    Your desparation for a market fall is almost comical. I was just going to say I saw 2 more Sold signs on my route to the fwy.

  195. Real Estater Says:

    nomadic says,
    >>we should see Q2 data with fewer foreclosures per your prediction, yes?

    Foreclosure areas are usually the first to fall and last to recover; therefore I would not expect to see dramatic changes in one quarter. What I would expect to see, however, is brisk sales of foreclosure properties (which is already happening), leading to a drop in foreclosures as economic recovery kicks in in the latter part of this year.

  196. Real Estater Says:

    The tally of newly laid-off people requesting jobless benefits fell last week, the government said Thursday, a sign that companies are cutting fewer workers.

  197. a. lewis Says:

    Ha! Now I’ve got you reacting to me!

    94301 is one of the most vulnerable zipcodes in the USA! It is the WORST place to buy in the SF Bay Area right now. Expect 30% drops in the next 6 months.

    Sell now or be a debt-slave forever!

  198. a. lewis Says:

    “desparation” IS comical. And so am I.

  199. Real Estater Says:

    A. Lewis,

    I look forward to seeing you move in to my zip soon!

  200. a. lewis Says:

    And I look forward to you losing your job, foreclosing on your house, and me buying it for 1/3 of what you paid! And you finally stopping posting here!

  201. nomadic Says:

    get a room you two.

  202. Real Estater Says:

    nomadic says,
    >>get a room you two.

    I welcomed him to my neighborhood with open arms, and look at the ill-wishes I got! Mr. Lewis needs to go find a restroom, so that he doesn’t sh** in this forum.

  203. a. lewis Says:

    Like you, I now feel free to say whatever I want. Burbed can moderate me if necessary. Caveat Emptor!

  204. burbed Says:

    Wow. This has really spiraled out of control.

    Let’s talk about something more straight forward – for example, why are rent prices seemingly dropping in Mountain View and Sunnyvale?

  205. anon Says:

    Why, lower-case burbed! I’m glad you asked.

    Rents are apparently dropping because people are losing their jobs and leaving the area. This is leading to less demand for rent!

  206. herve Says:

    The “Hiatus from Real Estater” extension works quite well by the way. Very refreshing.

  207. Real Estater Says:

    anon,

    Are you saying that after people leave the area, they don’t need a place to live?

  208. anon Says:

    No. I am saying that they are absorbed in the ample supply of housing elsewhere.

    That’s your lesson. Now go to bed.

  209. Real Estater Says:

    anon,

    Are you saying they are leaving the area because there are more jobs elsewhere?

  210. Real Estater Says:

    anon,

    Have you thought through the statement you made yet?


Leave a Reply

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.)