How crowded are the Open Houses you're looking at today? The one we visited was not very busy and the Realtard didn't understand the difference between a Census tract, a tract house, and a County parcel.
We wish we were making this up. Meanwhile, make up whatever you wish, because this is an Open Thread.
It’s been a while since we had a realtards thread. But today’s Not So Professional Agent isn’t being given the Burbed Loving Hug of Attention for his brilliant listing copy. Thanks very much to Burbed reader J from Alameda for alerting us to this story.
(03-02) 07:49 PST SANTA ROSA — A Santa Rosa man turned himself in Friday in connection with a fatal hit-and-run crash that killed a pedestrian, police said.
Steven Harry Heath, 60, was arrested on suspicion of vehicular manslaughter and felony hit-and-run in the crash Wednesday that killed 64-year-old George Michael Black of Pacifica, Santa Rosa police said.
Black was walking on the 4600 block of Montgomery Drive shortly after 1 p.m. Wednesday when he was hit by a car that fled the scene, police said. Black died at the scene.
On Friday, a Santa Rosa law firm contacted police on behalf of Heath, who works as a real estate agent. Heath’s attorney told officers that the vehicle from the crash would be found at Heath’s home, authorities said.
Let’s review. Real estate “professional” in a Mercedes S550 hits a pedestrian in broad daylight, and flees the scene. Unlucky stroller who had traveled to Santa Rosa to attend a healing program is pronounced dead seven minutes later. #1 Agent in Sonoma the last 3 years running then requests his lawyer contact police two entire days later to say they’ll find what they’re looking for at the hit-and-run driver’s house. Why two whole days? We’re going to make an educated guess that it was long enough for all possible alcohol in someone’s bloodstream to dissipate.
Perhaps you think we’re being cynical. Well, the readership of sfgate.com is far more so, as several commenters hypothesized that Heath had his attorney transfer his assets to the law firm. We think that’s nonsensical speculation, and that he asked the law firm to transfer his wealth to some deserving relative outside the United States. Heath, we note, is British and probably has relatives in non-US locales.
Here is just one of those assets: his house on 5562 Pepperwood Road. None of the real estate portals have any specific information on the house other than the lot size (11,246 sf) because they aren’t in the public recorder’s office search results either (yes, we checked).
We are now opening the floor to discuss whatever you’d like about those wonderful real estate professionals in your life, or about anyone who would leave the scene and lawyer up when the right thing to do was fucking call 911 because you just ran your fucking 6,000 pound vehicle into some innocent party’s 175 pound body. We usually don’t pick on realtards by name, but we’re going to make a giant-ass exception in this case because.
Oh yeah, and this is an Open Thread. It’s March! Time for some Spring Bounce! Let us know how many Mercedes S-class vehicles you see parked at Open Houses!
To the south of the Golden Gate Bridge, large parcels of land are rare. Located half-way between San Francisco and the Silicon Valley in the bucolic Town of Hillsborough, an approximately 16,000 sqft. Mediterranean-styled, Bliss and Faville mansion is positioned on approximately 47-acres which have been owned for 150 years by one family. Decorated by celebrated interior designer Anthony Hail, the mansion interiors encompass elegant and ornate public rooms, which evoke the sophistication and grandeur of a bygone era. Grand-scale Ballroom, Living Room, Library and Pavilion are aligned to open to a Pool Courtyard, revealing sweeping views of San Francisco and the East Bay. Formal gardens and park-like grounds adjoin dozens of undeveloped acres surrounding the mansion, providing ultimate privacy and security. Timeless, sophisticated and elegant, the deGuigné Estate represents a rare opportunity to own one of California’s few remaining mansions surrounded by substantial acreage near an urban center.
Yadda yadda big yadda yadda acreage yadda yadda old yadda yadda history yadda yadda expensive.
This, by the way, seems to be Plan B. Plan A was when he tried subdividing the heck out of the place in 2009, which did not endear him to his neighbors. And he did that because he had an expensive divorce to finance. Also the house cost much more to run than he got living off his investments, the poor dear.
Also, we likely found an actual address, because this sure looks like the entrance: 60 Glenbrook Drive. Note the road going from Glenbrook to the Big House. While the property records indicate a smaller home, the lot is 10,000,000 square feet on Zillow, or 227 acres. The listed house is probably a gatehouse/caretaker’s cottage.
This is also your Open Thread. Going to look an any Open Houses as spacious as this?
And we haven’t had a Search Engine Saturday for many, many Saturdays!
Recently someone used a Search Engine and found his or her way over to Burbed by entering the following search:
what kind of toxic dump is whisman station on
What kind indeed? The Environmental Protection Agency (EPA) can certainly tell you all about it. But who wants to read a bunch of boring government reports? That’s why there’s Burbed! We’re happy to pass along any news about what kind of toxic dump your neighborhood is sitting on as well. (Pro tip: Most Bay Area neighborhoods are infested with Bubbling Exuberance.)
The Dignity Mortgage would have a higher rate for higher-risk borrowers but include rate cuts after five years of on-time payments.
By E. Scott Reckard, Los Angeles Times; January 28, 2013, 5:53 p.m.
PHOTO: Pattie and Ollie Sibug would like to buy their San Diego town house, which they are renting for $1,750 a month. They are among those who may benefit from a proposed subprime mortgage program. (Allen J. Schaben, Los Angeles Times / January 29, 2013)
With home prices rising, interest rates falling and builders building, some prominent housing advocates are calling for a new kind of loan for buyers with lower incomes or bad credit.
They’d like to call it the Dignity Mortgage, but it has another name — one that’s become more of an epithet since the housing crash: subprime.
Applicants might include people caught in the early stages of the mortgage meltdown who have since rebuilt their finances, said Faith Bautista, who heads the National Asian American Coalition.
"They lost their work, their homes and their credit scores four or five years ago," Bautista said.
And let’s see what nomadic has to say about this idea.
These people are pushing for a mortgage that not only gives them better terms after five years of timely payments (which seems reasonable) but they want the extra interest paid during the "trial" period REFUNDED to them after those five years. In other words, the banks take more risk but don’t actually get paid for it in the end. Not to mention all of the other extra costs of the program (e.g., "extensive" financial counseling). WTF? Also thought it ridiculous that the rate goes down to what people with "sterling credit" and 20% down are paying. I haven’t done the math, but I suspect people aren’t necessarily paying off 10% of the purchase price in the first five years of their loan.
Think this is a better way to treat the poor people who shouldn’t have been buying houses at all but want another swing at the property piñata? Or was it all the banks’ fault from start to finish? Aaaaaaaaaand, this is an Open Thread.
Posted By: Jenny Pisillo | San Francisco Chronicle | January 18 at 4:00 am
Back in August, local East Bay Redfin real estate agents forwarded us a picture of hopeful homebuyers camping out – yes, spending the night (some up to 1 month) – to be one of the first to have the opportunity to buy a new construction home in the Shapell Homes Solaire development of San Ramon’s Gale Ranch community.
Fast forward to January – only the 4 model homes are left. Knowing that there would be high demand and wanting to avoid the cluttered look of tents, Shapell decided to have a lottery system to release the homes. Tickets were given out last Saturday morning at 10, and the lucky drawing was an hour later at 11am.
These people in the photo aren’t lining up for a chance to buy a new release of homes. They’re in line to get one of four tickets in a lottery to buy the four remaining model homes. And they will cost $50-90,000 more than they did just five months ago. As is. Penalty if not purchased by 2/28.
Which leads to this weekend Open Thread. How long are lines at the open houses? Are they having lotteries for who gets the glossy fliers?
Got your attention already, haven’t we? And if you like the little taste of hot bikini bondage babe above, just wait until you see the bodacious blonde on blonde action (which we swear we are not making up).
For this and more blatant uses of barely-clothed women to sell real estate, have a look at this video. Then check out the page for the house.
It’s already been sold at auction, but it’s a mighty long commute to Google (even more removed than last weekend’s house). According to Google Maps, it’s 480 hours away, but that’s because they wanted a stop in Japan first.
Enjoy the video. And enjoy today’s weekend open thread!
We sure hope so. You survived the end of the world yesterday, didn’t you? (Those not surviving the end of the world, please stop interrupting.) Now we’ve found a piece on Trulia on the numerology of home sales.
This means you can continue your lucky lifestyle, thanks to Trulia’s research. It turns out that a lot of home sellers put their favorite “lucky numbers” in their asking prices.
So what’s wrong with this pie chart at right? Too many nines and fives, yet not enough eights, that’s what. Everyone knows that eights are lucky. Well, everyone in the Real Bay Area knows that. The lucky numbers in the rest of the country say otherwise.
This consolidated map suggests that there aren’t any particular lucky numbers in the Midwest, the Plains, the Rocky Mountains or the Pacific Northwest, just a countrywide avoidance of the number 13 in prices. And here’s some more on 8 as a lucky number.
We took a spot-check of the asking prices in Cupertino, right now, over a million dollars (which is pretty much all of them).
We came up with one 1, one 2, one 6, three 9s, seven 5s, and a whopping ten 8s. We just had to make a pie chart out of that. Until today, we had no idea that donuts were a subset of pie.
If we then take the sub-million houses, we get an additional one 1, four 5s and two 8s.
We then compare with similarly sized cities (at least as to number of sales over a million) with rather different demographics. San Rafael is majority white, and Oakland, while one of the most racially diverse cities, has a higher percentage of blacks than many other areas.
Whoa. There’s 4s in Oakland, which is a very unlucky number in Cupertino. All three cities have a strongly marked preference for 5 over 9, while nationally it’s the other way by almost 2 to 1.
We welcome your reasoning on why this would be, or anything else you wish to bring up in this Weekend-after-the-end-of-the-world Open Thread.
Letters, oh we get letters… Here’s something to snuffle over from Burbed reader Kiki:
I would love to see some analysis on South Bay snout houses. Why are there so many? It’s like mullets at Wal-Mart.
Do they sit on the market longer than other house styles? Is that a punishment? Do people actually like them or do they settle because of … ahem … “inventory” available?
I don’t think anyone has ever done a published, peer reviewed analysis on snout houses (because the people who would be interested in that sort of data sure don’t want to share it). I’m in Santa Clara – I know of one tract developed in the 1950s that’s almost ALL snout houses. It’s east of Lawrence & north of El Camino (yes, El Camino runs East-West in Santa Clara) and runs east to about Kiely. I’m not sure how far north the sprawl of snout goes but I can surf google earth later today.
thank you for your delightful daily snark. I love what you’re doing.
Given the location, location, location that Kiki provided, we went to Redfin and saw what was available. Answer: nothing you can buy that’s particularly snoutside, but looking at recent sales yielded a winner from 1954 on our first click.
And in that same general area, no snout about it, different from the first one yet so much the same, and also from that excellent year of 1954.
Asnout these homes… yes, they do seem to be clustered in this area. But we’ve featured this style of home before, and they aren’t all in West Central Santa Clara.
For example, here’s one we ran at the beginning of this year. It’s all snout and nothing else to face. It’s also not in Santa Clara, but in San Jose. Such a delightful frontage, wonder why it took ten months to sell. No, it didn’t take ten months, it sold this October. And also this June, so it’s a snout-flip. (The June sale took 3 years to happen, and then sold for 1/3 less than the 2000 sale price.) Wow, instant equity!
But there are all kinds of snout houses, just as there are all kinds of buyers and sellers.
This delightful domicile à droit (that’s at right for the realtards following along from their home offices) looks like it could fit in a tract with any of the others up top, but this middle-class muzzle-mansion is in Atherton. Yes, it’s in the cheap-ass part that’s practically Redwood City, but it has an Atherton mailing address and more importantly, an Atherton property tax bill.
Let us know about snout houses you’ve seen, visited, or even lived in. Or let us know about anything else you want, because it’s also time to get your schnozz into a Weekend Open Thread!
Update 10:07 PM: How could we forget this ode to snout housing from 1986? Put your hands together for David Byrne, who anticipated what endless expansion of exurbia would lead to. This is a clip from True Stories.
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