July 19, 2009

Why does Orange Juice cost 75% more in San Jose?

Cost of Living: How Much For a T-Bone Steak? – Slideshows – CNBC.com
Orange Juice

High Price — San Jose, Calif.: $5.73
Low Price — Los Alamos, N.M.: $2.50
National Average: $3.27

Thanks to Burbed reader Ek for this find.

People outside of the Bay Area probably wouldn’t understand this – but the fact is that the orange juice is much fresher and tastes better when it is had in San Jose. The perfect weather, the perfect air, the perfect people all combined to make this orange drink even oh so refreshing. In fact, it’s 75% more refreshing!

Comments (2) -- Posted by: burbed @ 4:36 am






July 18, 2009

Roll over your IRA/401k into Real Estate

Burbed reader Sue was at the Menlo Park fair and she noticed this:

mpfair

This is what she had to say:

Gotta love the con artist and his bimbo. Oddly, they weren’t getting much business!

Hey, as we all know, stocks can lose money. But Real Estate? That’s a can’t lose in the long run. It doubles every 10 years whereas the stock market? Who knows!

Thanks Sue for the find!

Comments (22) -- Posted by: burbed @ 2:32 pm

Untapped Riches: Never Pay Off Your Mortgage — and Other Surprising Secrets for Building Wealth

It Saturday! That means it’s time for Burbed book recommendation!

Untapped Riches: Never Pay Off Your Mortgage — and Other Surprising Secrets for Building Wealth

Why do some folks get rich while others just get by? The biggest stumbling block for most people is believing they lack the capital required for serious wealth-building. Untapped Riches dispels this myth. This remarkable book reveals that most homeowners are in fact sitting on “untapped riches.” Working diligently to pay down mortgages, they are unwittingly tying up money in equity they could be investing elsewhere for greater return.

Offering 40 wealth-building and wealth-protection strategies, many of which fly in the face of conventional wisdom, Untapped Riches will change how readers think about borrowing money, investing, and mortgages. Challenging the idea that it is more financially sound to be debt-free, the authors believe that there is both good and bad debt — and that the former is essential to generating cash flow and building significant wealth. Real estate tycoons know it’s all about leverage. Now, the authors, who made their own fortune in real estate, show how anyone can get the cash they need, and really put it to work.

Why pay off your mortgage when you can easily use that money to earn more money! Like… buying more real estate!

Let’s face it, debt equals wealth. It’s what saved this this country in the first part of this century, and… uh… yeah!

Being debt free is for suckers. It’s what The Man wants you to believe is a good thing, so that you’ll never rise and become wealthy!

So load up on debt, and while you’re at it, help this site out, click this link to learn more!

Comments (8) -- Posted by: burbed @ 5:57 am

July 17, 2009

Study finds more millionaires in Bay Area

Study finds more millionaires in Bay Area
(07-15) 18:29 PDT — Last year, the S&P index dropped nearly 40 percent, regional home prices fell by almost half and the state unemployment rate zoomed to the brink of double digits, so obviously the number of Bay Area millionaires … climbed?

Believe it or not, that’s the conclusion of a report released Wednesday by Merrill Lynch. Several economists, however, quickly placed themselves in the “not” camp.

The World Wealth Report, produced by Merrill and market research firm Claritas, found that the number of millionaire households across the nine-county Bay Area climbed to 136,120 last year, up 10.2 percent from 123,621 in 2007.

In fact, all three regions surveyed in the Golden State (Los Angeles, San Diego and San Francisco areas) increased in wealth last year, in sharp contrast to national and global trends, said Mike Riherd, senior vice president of investments in the Walnut Creek office of Merrill.

[snip]

The report predicts that the number of millionaires in the Bay Area will increase by 20 percent by 2013. The wealth of millionaires worldwide will swell by 48 percent during that time, from $32.8 trillion to $48.5 trillion, it said.

The study defined millionaires as having $1 million worth of “investable assets,” which exclude things like their primary residence, collectibles and consumables.

Congrats Bay Area! With all these millionaires, I know we are set to blast off for returning to the normal 10% year over year appreciation for houses in the Real Bay Area.

Great work everyone!

Comments (22) -- Posted by: burbed @ 6:38 am

July 16, 2009

Bay Area home prices, sales rise

Bay Area home prices, sales rise
(07-16) 09:56 PDT San Francisco — Bay Area home prices rose month-over-month for the third straight time as sales reached their highest level in three years last month, fueling hopes that the limping real estate market is slowly beginning to heal.

Across the nine-county region, 6,518 existing, single-family homes traded hands, up 27.8 percent from a year ago in June, according to San Diego research firm MDA DataQuick. The median price paid was $360,000, down 29.4 percent from a year earlier but up nearly 7 percent from May.

DataQuick attributed the gathering strength to a growing perception among buyers that prices have bottomed out and the increasing availability of mortgages.

OMG! OMG! OMG!

The good times are coming back everyone! Woohoo!

Comments (37) -- Posted by: burbed @ 11:39 am

July 11, 2009

Let me know if the site is acting strange…

I’m not a very good admin – so I’m trying out some more tools to help make things better (and to help the behind-the-scenes spam problem that you don’t see). I’m trying out AskApache Password Protect. Do let me know in the comment if something gets busted. Thanks!

Comments (5) -- Posted by: burbed @ 4:02 pm

Real Estate Debt Can Make You Rich: What You Owe Today Is What You Will Be Worth Tomorrow – Steve Dexter

Real Estate Debt Can Make You Rich: What You Owe Today Is What You Will Be Worth Tomorrow

One of Robert Bruss’Top 10 Real Estate Books of 2006

“Reveals mortgage-lending secrets most home buyers, realty agents and investors have never heard before. On my scale of one to 10, this superb new book rates an off-the-chart 12.”
(Bruss, Robert J. Inman News Features )

Product Description

LEVERAGE THE LOANS AND FINANCING THAT CAN GIVE YOU BIG PROFITS!

You don’t have to wait for years saving up your first down payment before you start investing in real estate. Instead, you can put up a small percentage of a down payment and let a loan from the bank finance the rest. When it’s time to sell, you pay the bank for the original loan, and any profit goes right in your pocket.

But even seasoned real estate investors need a guide to help them through the maze of different loan products and financing options that banks offer. Real estate finance expert Steve Dexter takes you into the hidden world of leveraged investing-essentially using “other people’s money” to earn massive profits. With simple, straightforward advice, this book…

* Offers strategies for minimizing a down payment in order to maximize investment return
* Simplifies all tax issues related to real estate debt
* Gives strategies on making yourself more creditworthy
* Provides bonus insider advice on how to find the best properties

Thanks to Burbed reader Real Estater for this book recommendation.

Let’s face it, anyone who has studied corporate finances knows that debt is often a critical tool in ensuring your company is run in the most efficient matter. And are most families companies these days?

So lever up! Use OPM (there’s that word again) to maximize your cash flow and shield your income from taxes. Frankly, I think families should be able to IPO, but that’s another rant for antoher day.

Has anyone read this book? The idea of borrowing tons of money to become rich makes perfect sense in the Bay Area economics. Take than Krugman!

And when you do become rich, if you’re looking to help this site out, click this link to learn more!

Comments (4) -- Posted by: burbed @ 5:27 am

July 5, 2009

Flash from the past: Silicon Valley's New Record Home Price — $750,000

Realty Times – Silicon Valley’s New Record Home Price — $750,000

Silicon Valley’s New Record Home Price — $750,000
by Broderick Perkins

Three quarters of a million dollars; $0.75 million; $750,000.

Anyway you write it, April’s median price of single-family detached homes in Silicon Valley comes out the same.

“It’s crazy,” says Mark Burns, a Coldwell Banker agent in Cupertino.

The good news is that most experts say the market has just about peaked — for now — at the region’s new record price level for single-family detached homes, $750,000 — up a whopping $86,000 this year alone and $132,000 in the past year.

The median price for condos came in at $465,000 in April, up only $55,000 since the beginning of the year, and $80,000 from a year ago, according to the Bay Area Real Estate Market Newsletter by Richard Calhoun, broker owner of Creekside Realty in San Jose.

[snip]

“People come here from all over the world, not just all over the country. There’s an explosion in first time home buyers, baby boomers buying their second and third homes or smaller houses, immigrants, people going in together to buy homes. There are very favorable demographic trends, coupled with low interest rates and a finite number of homes,” Moles said.

Published: May 6, 2005

Recently I found this piece. Boy, it really brought back memories. <tears well up> I’m sorry. I’m all verklempt. Talk amongst yourselves. I’ll give you a topic. Facebook is neither a face nor a book. Discuss.

Comments (18) -- Posted by: burbed @ 5:16 am

June 28, 2009

Best Places to Live 2009 – Yahoo! Finance

Best Places to Live 2009 – Yahoo! Finance
Here’s our list of the 10 best places to live:

1. Albuquerque, N.M.

2. Auburn, Ala.

3. Austin, Texas

4. Boise, Idaho

5. Durham, N.C.

6. La Crosse, Wis.

7. Loveland, Colo.

8. San Luis Obispo, Calif.

9. St. Augustine, Fla.

10. Upper St. Clair, Pa.

Thanks to Burbed reader E.S. for sending this to me. Here’s what E had to say:

They have forgotten the RBA!  Where’s the culture, the access to VCs, and all the other… uhh.. benefits to living here… like how your school might shut down because a right wing state assemblyman from Fresno thinks life should be tax free…

hmm…

moving to Portland soon.

Ouch. Well have fun in Portland. Do they have Fry’s there? Do they have good schools like Monta Vista, Gunn, Sequoia, or Fremont there? Do they have VC’s up the wazoo? Can their light rail system compare with ours?

But back to the original topic, it’s a shame that this happens. We need to get our message to the MSM (Main Street Media) that they’re completely wrong if they should ever forget to include Mountain View, Palo Alto, Sunnyvale, etc in the list of best places to live.

Any one up for a letter writing campaign?

Comments (23) -- Posted by: burbed @ 5:53 am

June 27, 2009

The Housing Boom and Bust – Thomas Sowell

The Housing Boom and Bust

This is a plain-English explanation of how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The “creative” financing of home mortgages and the even more “creative” marketing of financial securities based on American mortgages to countries around the world, are part of the story of how a financial house of cards was built up—and then suddenly collapsed.

The politics behind all this is another story full of strange twists. No punches are pulled when discussing politicians of either party, the financial dangers they created, or the distractions they created later to escape their own responsibility for what happened when the financial house of cards in the financial markets collapsed.

What to do, now that we are in the midst of an economic disaster, is yet another story—one whose ending we do not yet know, but one whose outlines and implications are explored to reveal some surprising and sobering lessons.

It’s Saturday and that means it is time for Burbed’s book of the week.

Thanks to Burbed reader Butzi’s for this recommendation. It’s clear why this book was suggested – we in the Real Bay Area really need to do more to learn about the areas in the rest of America. The less fortunate areas, full of blissfully ignorant people, who don’t know what sushi is, or have never been able to experience the majesty of Fry’s.

Ideally we could invite Thomas Sowell over to the Bay Area so he could write about this amazing phenomenon. Perhaps it could be a sequel to his first book (“Basic Economics”) – he could call it “Paradign shifted economics.” Let’s face it, we have an economy here that defies all expectations. Whether it be $3 cupcakes, $500k condos in Mountain View, or Teslas, the economy here is rocketing forwards. It is the classic example of a perpetually New model of economics.

Finally, speaking of economics, if you’re looking to help this site out, click this link to learn more!

Comments (37) -- Posted by: burbed @ 5:19 am