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01-01-2008, 02:08 PM
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#81
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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You can be sure you're getting clean, straightforward data from housingbubblebust.com 
Hold on while I pull something up from www.buybeevercheese.com.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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01-01-2008, 02:10 PM
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#82
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,299
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 Quote:
Originally Posted by cute fuzzy bunny
You can be sure you're getting clean, straightforward data from housingbubblebust.com
Hold on while I pull something up from www.buybeevercheese.com. |
Seems to be a problem with your link...
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01-01-2008, 02:28 PM
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#83
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Yep. Beevercheese fell like a rock and the cowards took their site offline to save themselves the embarrassment.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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01-28-2008, 12:22 PM
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#84
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gone traveling
Join Date: May 2006
Posts: 1,036
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Quote:
Originally Posted by wabmester
Hey, cube_rat, it looks like you timed the top perfectly. The bay area just had it's first year-over-year price drop since the dot-com bust.
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Time for more recent resales and annual compounded appreciation rates. First purchases in 2003, 2004 & 2005. All resales in late 2007.
400 Beale # 2406
Sold 5/2004 $840,000 resold 9/2007 $1,029,000 7.2% annual appreciation.
454 Frederick sold 10/2004 $920,000 resold 10/2007 $1,195,000 9%
2342 9th sold 9/2002 $549,000 resold 10/07 $884,000 9.8%
201 McAllister #201 sold 3/2003 $505,000 resold 9/2007 $740,000 10%
For you long term investors in Ca, 134 Parker Avenue, a non owner occupied property (rental) was paying taxes of $606 annually thanks to Prop 13. It sold for $1,071,000. The new owner will be paying taxes in the amount of $12,220 annually. Basically the state was subsidising the rental to the tune of $1,000 a month.
What do you think Wabmester? Should I hang on for another $60,000+ or bail? 
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01-28-2008, 12:25 PM
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#85
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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__________________
Emancipated from wage-slavery since 2002
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01-28-2008, 12:32 PM
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#86
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gone traveling
Join Date: May 2006
Posts: 1,036
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Quote:
Originally Posted by twaddle
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Yeah but them's those mushed up numbers and houses and areas and such. I think they include the 50% that do worse than the top half or so. If you want to be in the bottom half, well OK, but I think you're like yer dog, She's noisy and excitable.  SF down 1.9%!!!
Today is a good day to make a smart real estate purchase.
BuymybookBuymybookBuymybookBuymybookBuymybookBuymy book
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01-30-2008, 09:56 PM
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#87
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 1,502
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Quote:
Originally Posted by brewer12345
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Remember, Cube_rat is a former O'Farrel Theater dancer. I don't think she risks people losing interest whether she makes others pull out early or not.
I'm still waiting for the picture proof from her though.
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01-30-2008, 10:22 PM
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#88
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 1,502
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Am I crazy or does hobnob work for the real estate industry in some way?
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01-31-2008, 07:10 AM
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#89
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,603
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Quote:
Today is a good day to make a smart real estate purchase.
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... and eat right and exercise.
__________________
FIRE'd since 2005
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01-31-2008, 08:34 AM
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#90
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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And don't forget to floss...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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01-31-2008, 08:42 AM
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#91
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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Quote:
Originally Posted by BunsGettingFirm
Am I crazy or does hobnob work for the real estate industry in some way?
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No other rational explanation comes to mind...
__________________
Numbers is hard
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01-31-2008, 06:54 PM
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#92
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gone traveling
Join Date: May 2006
Posts: 1,036
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Quote:
Originally Posted by BunsGettingFirm
Am I crazy or does hobnob work for the real estate industry in some way?
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Well you must be crazy because real estate works for Honobob .
And it can work for You too!
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08-13-2008, 11:39 AM
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#93
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gone traveling
Join Date: May 2006
Posts: 1,036
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Almost two years since Sam's original post. Time to follow up with some more SF resales. These all sold in 2008.
88 King # 414 sold 4/01 for $485,00 and resold 4/08 for $838,000 8.2% annual compounded appreciation.
601 4th #223 sold 12/03 $870,000 and resold 3/08 $1,320,000 9% ACA.
75 Folsom #1203 sold 9/04 $637,000 and resold 3/08 $819,000 8% ACA.
The above are all condos but I thought I'd take a look at a single family. 131 Mendosa sold 1/06 $1,162,000 and resold 26 months later in 3/08 for $1,400,000 9.2% ACA. They did take out a $2,000 permit to retile baths and kitchen so doesn't seem a flip!
Underwater? Bubble?
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08-13-2008, 04:02 PM
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#94
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Full time employment: Posting here.
Join Date: Sep 2006
Location: SoCal
Posts: 928
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I live in SoCal, in a "good" neighborhood with highly ranked schools, etc. In my neighborhood, prices are off ~10% from the peak 3 years ago.
Down the street, there's a place for sale that's the same model as ours, listed at $749,000. That house was last sold on 03/22/2005 for $830,000.
I'm sure we could spend days finding individual examples of homes that have appreciated, but I assure you that the vast majority in my area have gone down. The higher end of the market seems to be more affected than the lower end.
__________________
I can't complain, but sometimes I still do.
- Joe Walsh
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08-13-2008, 04:13 PM
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#95
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 2,049
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Quote:
Originally Posted by ProspectiveBum
I live in SoCal, in a "good" neighborhood with highly ranked schools, etc. In my neighborhood, prices are off ~10% from the peak 3 years ago.
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If you had honobob's talent, you'd be sitting pretty. The guy can't miss! He's like a successful Kiyosaki, or a modern Midas.
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08-21-2008, 10:10 AM
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#96
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gone traveling
Join Date: May 2006
Posts: 1,036
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Quote:
Originally Posted by ProspectiveBum
I'm sure we could spend days finding individual examples of homes that have appreciated, but I assure you that the vast majority in my area have gone down.
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Well normally I give you resales from the areas I've been looking in for my own investment purposes and every recent sale that has a prior sale within the last few years has appreciated!!
But nooooooooo, you still want to naysay till we're all unhappy  . Well be that way, but if you want the good news I'll be happy to email you the report I just got that has 761 resales in San Francisco (18 pages total) that shows mostly double digit appreciation and quite alot of triple digit appreciation!! and not ONE decline in value. First sale in 05,06,& 07 and resold in 07 or 08. Yep, no bubble.
OK, I've found my happy spot.
4% appreciation my *ss!!
Today is a great day to buy real estate! 
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11-03-2008, 12:02 PM
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#97
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gone traveling
Join Date: May 2006
Posts: 1,036
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More resales from CA
Condos
77 Dow Place 3750-564 sold new 1/04 for $530,000
Resold 3/08 $769,000 for $239,000 in appreciation.
855 Folsom #533 3752-295 sold 9/03 for $684,000
Resold 5/08 $960,000 for $276,000 in appreciation
Flippers SPECIAL Single family 5 rooms 1 bath 701 Rockdale Drive.
Purchased 4/06 for $650,000 remodeled but no added space to the 1,150 Sq. Ft.
And sold 5/08 for $1,098,000. A $448,000 INCREASE!
New construction condos are selling well. 301 Main 3745-376 a 2bed/2bath sold 5/08 for $1,427.05 per sq. ft.
AND the highest $ per s.f sale…2780 Broadway , a 1962 built 3,965 sq. ft. home on a 3,461 sq. ft. lot. Sold 3/00 for $5,625,000 and resold 5/08 for $10,950,000! That’s $2,761.66 a square foot.
Hey CuppaJoe, That's got to be near you. I have to imagine that house is a mid-century smack in the middle of some Victorians.
Here's the seller. Trevor Traina, 35, owns 2780 Broadway. Stepson of novelist Danielle Steele, Traina sold his comparison-shopping web site CompareNet to Microsoft in 1999 for an undisclosed sum and made the society column in April with a 1970s-themed birthday party.
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11-03-2008, 12:18 PM
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#98
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Nice honobob - look at all those folks making money 6 months ago!
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11-03-2008, 12:24 PM
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#99
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gone traveling
Join Date: May 2006
Posts: 1,036
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Quote:
Originally Posted by FUEGO
Nice honobob - look at all those folks making money 6 months ago!
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Well the OP's prediction was from 25 months ago!! Plus, it takes a bit for sales to be recorded. I'll update as the information becomes public. 
Annnnnnnnnd, are they making money OR winning the real estate lottery?!
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11-04-2008, 02:33 PM
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#100
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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We bought a small house in southern San Jose (3/2, 1200 sf) for $239,000 in 1997 and sold for $440,000 in 2003. (That's why we're fortunate enough to enjoy a paid-off home today.)
A couple years later I think its value probably peaked at around $650,000. Today I think it's probably back to about our selling price. And I think California gets hit a lot harder by this economic slowdown than most states. So I don't think it's done yet.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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