Housing Boycott
Housing Boycott
San Francisco Bay Area

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What is this?
My wife and I are tired of the insanity of Bay Area housing prices, and want to fight back. Most of our friends — and we suspect, you — do too. So we created this website to start a grass roots movement to stop the insanity, through a synchronized boycott, and through education. We CAN make a difference. Read more here.

This reminds me of those “If we all stop buying gas, they’ll have to lower the prices!” campaigns.

I’d rather just make fun of the bubble.

Home sales, published April 15

• 1435 Oak Rim Drive $2,000,000, 3,080 SF, 4 BR, Berry Trust to M. Tsang; 1971:$85,000
• 1456 Montego Drive $1,200,000, 2,849 SF, 6 BR, Paiga Trust to K. & M. Morrison; 1977:$123,500
• 5125 Devon Park Court $870,000, 2,533 SF, 5 BR, Bulder Trust to J. Adame; 1973:$43,000
• 4880 Rue Calais $660,000, 1,446 SF, 4 BR, Pham Trust to B. Hernandez; 1979:$71,900
• 3989 Twilight Drive $1,100,000, 2,561 SF, 5 BR, Barker Trust to J. & C. Weisenfeld; 1977:$105,800
• 250 Abbot Ave. $740,000, 1,290 SF, 3 BR, J. Tong to J. Tong; 1979:$76,000
• 3353 San Onofre Court $655,000, 1,500 SF, 3 BR, Gonzales Trust to E. Ayala; 1976:$31,900
• 2509 Bluestone Court $662,000, 1,189 SF, 3 BR, C. & L. Bernardo to J. Vera; 1977:$50,800
• 1061 Pizarro Lane $1,195,000, 2,360 SF, 4 BR, Vickers Trust to M. Boschetti; 1976:$88,600
• 250 Sandpiper Court $890,000, 1,640 SF, 3 BR, Hughes Trust to A. Bharwani; 1975:$59,000
• 35466 Eden Court $714,000, 1,669 SF, 2 BR, R. & B. Nichols to M. & A. Campos; 1978:$79,500
• 25960 Vinedo Lane $2,225,000, 2,175 SF, 3 BR, Barbara Trust to Vinedo Lane Property; 1972:$68,500
• 308 Bean Ave. $891,000, 1,160 SF, 2 BR, O. Kennedy to C. Lauren; 1978:$101,000
• 1010 Almanor Ave. $995,000, 1,620 SF, 3 BR, Livermore Trust to L. Joyce; 1978:$86,500
• 2188 Petersburg Drive $738,000, 1,796 SF, 4 BR, J. Lavigne to F. Mendez; 1972:$33,000
• 1112 Glacier Ave. $740,000, 1,240 SF, 3 BR, V. & M. Kangas to T. & K. Amborski; 1974:$44,000
• 410 Redwood Ave. $842,500, 2,060 SF, 4 BR, H. & T. Wilson to M. Galea; 1977:$70,000
• 690 Port Drive $1,020,000, 1,800 SF, 3 BR, J. & J. Freeman to R. Ives; 1976:$81,000
• 3238 Agate Drive $600,000, 1,040 SF, 3 BR, E. Loy to P. Gamino; 1971:$24,000
• 3344 Princeton Way $742,000, 1,442 SF, 3 BR, Carpenter Trust to P. Rayala; 1976:$66,500
• 12622 Kane Drive $1,420,000, 2,329 SF, 4 BR, Carlson Trust to S. & T. Fong; 1977:$123,000
• 509 Diamond Ave. $780,000, 1,140 SF, 3 BR, M. Beller to J. Kwan; 1977:$66,000
• 3641 Sawtooth Court $490,000, 1,461 SF, 4 BR, J. Reyes to J. Yost; 1979:$179,700
• 787 North Fairoaks Ave. #2 $409,000, 926 SF, 2 BR, Bickelman Trust to A. Tejeda-Ortiz; 1979:$69,000
• 619 North Henry Ave. $786,000, 1,431 SF, 3 BR, Leverett Trust to R. & E. Wright; 1974:$46,500
• 1549 Dry Creek Road $1,085,000, 2,333 SF, 4 BR, Murphy Trust to R. Sanchez; 1972:$60,000
• 1445 Minnesota Ave. $1,128,000, 2,245 SF, 3 BR, M. & L. Miller to U. & M. Guzman; 1976:$60,000

Ah… to have bought a place in California before 1980. Better than working.

Nothing like the ol’ generational transfer of income. Massive mortgages, peak oil, falling incomes, implosion of social security - interesting times ahead!

After Friday’s reality check, it’s time to go back to unreality…

Sacramento Land(ing): 50-Year Mortgage a Penny Saver?
A reader noticed this ad in a local PennySaver. Is this a sign of the end of the housing boom or is this the beginning of a brave new world of multi-generational mortgages?

Wow! I don’t think people even get 50 year mortgages to live in New York City!

But then again, New York City is no Lodi.

WSJ.com - Share of People Owning Homes Is Leveling Off
After climbing steadily for a decade, the nation’s homeownership rate appears to have leveled off.

I’m semi-surprised that the Bay Area was only 4th. But the other 3 are California… so that makes sense.

CBS 5: CA Homes Sales Up, Bay Area Sales Declining
Californians bought new homes in 2005 at the highest rate in two decades, according to a report released Friday.

DataQuick, a real estate information service, reported 136,228 newly built homes were sold last year, the highest amount sold since the company began taking records in 1988.

San Mateo County was the most expensive place to buy a brand-new house. The median price was $900,000.

DataQuick President Marshall Prentice attributed the record number to strong demand and relatively low interest rates in 2005.

But overall sales of Bay Area homes have declined for the last nine months, according to a report released last week by DataQuick.

Uh oh. Is this the end for the Bay Area Bubble?