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Bay Area Real Estate: Wait 2 Months; Save $50,000
It’s been two months since I’ve done an update on local real estate in the Bay Area. One of the reasons I track the real estate market so closely is that most people simply aren’t aware of the magnitude of the price drops that are occurring right now. I’m still hearing quotes like “It’s a [...]
Continue reading...The REAL American Dream (Hint: It's NOT Owning A House!)
18. February 2008
“grandma’s decreipt house” by tatterh00dLicensed under Creative Commons I did the math, and I think our society has been sold a pile of crap that we’ve bitten on hook, line, and sinker. I’m not going to mince words or try to make this sound nice, because we’ve been duped, and we have every right to [...]
Continue reading...Real Estate Bubble – The "Tidal Wave" of Foreclosures Strikes the Bay Area
14. January 2008
I have to admit, I’ve been enjoying watching the housing bubble burst. There are lots of great stories, from crazy Realtors on crack to strawberry pickers earning $15,000/year who bought $720,000 homes. These make for quite the entertaining read. But what’s next? The housing bust is progressing quite nicely, and identical to what I predicted [...]
Continue reading...Real Estate Bubble – The Game is Over
15. August 2007
It’s time for an update on the real estate bubble, which I have been watching since 2003. About a year ago, I laid out a timeline for the real estate boom. Knowing real estate happens in 16-year cycles, I juxtaposed the last boom/bust cycle in the early 90′s onto this cycle. Here’s what I came [...]
Continue reading...Real Estate Bubble News, 2007 Edition
30. December 2006
It’s almost time for the new year, and although I have several blog entries I’d like to write, I think it’s time to take a look back at the real estate industry, which I have been tracking as a hobby for 2 1/2 years now. First of all, most of my predicted bubble headlines for [...]
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13. March 2008
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