January 13, 2007

How to get paid on your worst borrowers!

I got this in my inbox the other day:

If you’re a mortgage broker, and you found this useful, you owe me!!

If you’re a “homeowner” who used a broker who found this useful… then… uh… you might want to find some nice sturdy cardboard boxes and an overpass.

Click here to post a comment -- Posted by: burbed @ 5:39 am

January 12, 2007

$925k for a 4br/2.5 2094 sqft house – guess where!

So yesterday Burbed covered a $925,000 house 3/2.5 1300 sqft house in Sunnyvale. Oh… and it had metal bars on the door.

Let’s take a look at what $925,000 can buy you somewhere else… somewhere less special…

REALTOR.com: Find a Home – Listing Detail
92-6030 MAKEKE ST
MLS ID#: 185939
4 Bed, 2.5 Bath
2,094 Sq. Ft.
0.13 Acres

Panoramic view from Diamond Head to Barber’s Point. Upper lanai off master bedroom. Sunrise and sunset views from upstairs lanai. Complete landscaping and irrigation. Motion activated security lights. Extended rear lanai with ceiling fans. Recessed lighting throughout the house. Ceramic tile flooring in the kitchen, laundry room and bathrooms, remainder of house with laminate flooring. Glass block accent in Master Bath, Stairway Wainscoating (decorative treatment for the lower portion of wall in stairway). All new Tuscany ceiling fans with dimmer lights operated with remote. Custom linen storage closet. Large master bedroom closet with custom shelves. Split A/C. Custom painted interior. Crown molding throughout downstairs, stairwell and upstairs hallway. Custom French doors with tilt/moveable blinds installed between glass. Custom blinds. Custom bathroom mirrors. 4 speaker surround sound stereo system hook-up.

Single Family Property, Subdivision: Makakilo, County: Oahu, Lot is 5766.00 sq. ft., View,

Let’s face it though, Oahu ain’t Sunnyvale. They don’t even have a Fry’s. So… you could choose
to buy a $925,000 house there and not be special – or you could choose special and live in beautiful Sunnyvale. Besides – the mexican food is probably better.

Click here to post a comment -- Posted by: burbed @ 5:28 am

January 11, 2007

The Worst Is Over! You couldn't afford NOT to buy!

SignOnSanDiego.com > News > Business — U.S. housing seen showing more life in second half
In California, where home sales tumbled 23 percent in 2006 and could drop another 7 percent this year, “the worst is over,” said Leslie Appleton-Young, chief economist for the California Association of Realtors.

Median home prices in the state could slide 2 percent this year, with inland inventories of unsold homes lingering on the market, she said.

“All that being said, I never subscribed to the bubble argument anyway so I’m feeling pretty confident about 2007,” Appleton-Young added.

“Remember we’re going from a market where you couldn’t afford not to buy. Rates were so low, and prices were appreciating 15 to 20 percent, you just had to do that deal,” she said.

I’m confused. The worst is over, so now is a good time to buy.

But wait, they never said when it was not a good time to buy!

But wait again, before you couldn’t afford not to buy. Does that mean now I can afford not to buy?

How confusing.

Regardless, I’m just glad to hear that the worst is over.

Let’s all work together! I want to see 1br/1ba condos in Mountain View for $500k this year! Together, we can do it!

Click here to post a comment -- Posted by: burbed @ 4:16 pm

What's $925,000 and has bars on the door?

MLSlistings Property Detail for MLS number 671702
Sunnyvale, CA 94085


This Single Family Residence has the following features:
MLS#: 671702 Approx Age: Unavailable Approx Sq Ft: 1300
Detached Single Family 2 Stories Traditional
3 Bedrooms 2&1/2 Bathrooms 2 or More Stall Showers
1 Tub Separate Family Room Separate Dining Room

So let’s say you buy this house – what do you do next?

Of course, you tell your friends living outside of the Bay Area: “It’s special here! What a great deal!”

Click here to post a comment -- Posted by: burbed @ 5:50 am

January 10, 2007

$599,000 to be in the center of San Jose crime

San Francisco Bay Area Houses & Homes – 1691 S KING RD, San Jose Alum Rock 95122
1691 S KING RD, San Jose 95122

Bedroom: 3 Bathroom: 2 Square Footage: 1121 $599,900
Year Built: 1958 List Date: 10/28/2006 Lot Size: N/A
Parking Spaces: 2 MLS#: 666423
Email this to a friend Ask a Question Neighborhood Data Comparable Data
1691 S KING RD, San Jose
Just reduced!! New roof, nice floorplan recently remodeled, with marble floor in bathrooms. New double-paned windows. Covered patio with built-in barbeque grill. Very motivated Seller. Open house Sat 11/4 and Sun11/5 12-4pm

Burbed reader Brendan writes:

Now if you didn’t know that’s a stone’s throw away from the famed king and story intersection where most of San Jose’s crime happens.


Click here to post a comment -- Posted by: burbed @ 5:59 am

January 9, 2007

MLS-2.com: Complete Local MLS Search, Market Data, Maps and Local Real Estate Information

MLS-2.com: Complete Local MLS Search, Market Data, Maps and Local Real Estate Information
MLS-2 Bargain Hunter Page – Short Sales, Motivated Sellers, Price Reductions For Local Real Estate

This is actually a pretty neat site. Check out the page I linked to – with that you can easily find out which properties have dropped their prices by 10% or more, which ones are by “Motivated Sellers” and which ones are “Short Sales”.

Click here to post a comment -- Posted by: burbed @ 8:24 pm

Last Day! Vote Vote Vote Vote Vote!

Wow! I didn’t see this coming – Burbed was nominated for best regional blog!

If you like what you read here, please vote for Burbed.

The prize is $25, so this isn’t exactly about the money – rather, let’s help make Burbed even more well known… so that more people will find out about what makes Silicon Valley so very special!

Please visit http://www.housingwire.com/2007-rebas/ and click on the giant grey “Vote now” link at the top of the page. Burbed.com is in section 5.

Voting ends on 1/10 – so please don’t delay. OR THIS HOUSE IS GOING OFF THE MARKET.

Click here to post a comment -- Posted by: burbed @ 10:00 am

$29,900 for a 950 square feet house!!!!

Is this in Dixon’s Landing?


1166 E Livingston Avenue, Columbus, OH 43205 – Prudential Calhoon Company REALTORS®
1166 E Livingston Avenue, Columbus, OH 43205 go to map

Price: $29,900
Bedrooms: 3 Bathrooms: 1 Garage: 0
Square Ft: 1,276 Lot Size: n/a
Price Per sq/ft for this property: $23
Average Price Per sq/ft for this area: $102
Median Home Price for Columbus, OH: $119,900
Year Built: 1915 School District: Columbus
MLS Number: 2642802 Active Date: Aug 23, 2006
Property Type: Residential Area Location: 14 – Cols/Fra Co W 10, E Be

Burbed.com reader Sebastian writes:

I loved the old post comparing houses around the country to houses here…
So I was thinking here’s one to start with. From Columbus, OH I bring you this beautiful starter home. Being a three bedroom home with a whopping 950 Square Feet it is surely worth $900,000! Ok, ok how about $800,000? No? Well, let’s just be really crazy and say it is worth $500,000… surely that is very realistic in this “buyer’s market”.

Oh Sebastian… don’t you know that Ohio isn’t special? There aren’t smart people or burritos there. And they don’t have good weather. That’s why this is 3% of a Bay Area house.

Click here to post a comment -- Posted by: burbed @ 5:53 am

January 8, 2007

646sqft for $799,000 – Dream House Potential!

MLSlistings Property Detail for MLS number 670817
San Jose, CA 95125

Build your dream home on a big lot in Willow Glen
Desirable location of Willow Glen, Walk to town, preliminary plans for 3500 sq.ft. 4 Bedrooms and 3.5 Bathrooms are available.

This Single Family Residence has the following features:
MLS#: 670817 Approx Age: 86 Years Approx Sq Ft: 646

So let’s see… a 3,500 sqft house. At $250 per square foot, that’ll cost you another $875,000 – bringing this to a total of $1,674,000.

Better start dreaming if you want that dream house!

(Thanks to Burbed reader Brendan.)

Click here to post a comment -- Posted by: burbed @ 5:39 am

January 7, 2007

Murder, spitting, assault: Parking in San Francisco

San Franciscans Hurl Their Rage at Parking Patrol – New York Times
It is the price of parking in San Francisco.

Burdened with one of the densest downtowns in the country and a Californian love for moving vehicles, San Franciscans have been shocked in recent months by crimes related to finding places to park, including an attack in September in which a young man was killed trying to defend a spot he had found.

More recently, the victims have been parking control officers — do not call them meter maids — who suffered four attacks in late November, and two officers went to a hospital.

Over all, 2006 was a dangerous year for those hardy souls handing out tickets here, with 28 attacks, up from 17 in 2005.

All of which has left officials in this otherwise civilized community scrambling to explain, and solve, “parking rage.”

Parking truly is a San Francisco treat.

Click here to post a comment -- Posted by: burbed @ 10:15 am