Jump to content

Curb Your Dog- 8/11/21

Rate this topic


Recommended Posts

Remote-Working Prospects + SF is a Needle/Shit-Infested Cesspool = Young Rich Families Moving to the 'burbs. 

They have deep pockets and wanted space: that dynamic drove demand around us to escalating heights for months & months.

FWIW, however, it feels to me like the real estate market has peaked. Two months ago, my wife & a college pal who lives nearby in the same zip code & I would play "Guess the Closing Price" on attractive Redfin listings.  My rule was to add $500K to asking, which was pretty close to reality. Now, you're seeing aggressively-priced houses sitting longer, and in some cases, not moving.

What's even more insane is the pricing of desert property out near Joshua Tree, a market I have watched religiously with purchase-intent for 20 years.  I mean... desert shrub land without water or utilities used to be highly illiquid & cheap out there.  Now... $151K (originally offered at $99K) will buy you this:

https://www.redfin.com/CA/Landers/2360-Sand-Dr-92285/home/3858001

 

Link to comment
Share on other sites

  • Replies 18
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

36 minutes ago, Jimi said:

Remote-Working Prospects + SF is a Needle/Shit-Infested Cesspool = Young Rich Families Moving to the 'burbs. 

They have deep pockets and wanted space: that dynamic drove demand around us to escalating heights for months & months.

FWIW, however, it feels to me like the real estate market has peaked. Two months ago, my wife & a college pal who lives nearby in the same zip code & I would play "Guess the Closing Price" on attractive Redfin listings.  My rule was to add $500K to asking, which was pretty close to reality. Now, you're seeing aggressively-priced houses sitting longer, and in some cases, not moving.

What's even more insane is the pricing of desert property out near Joshua Tree, a market I have watched religiously with purchase-intent for 20 years.  I mean... desert shrub land without water or utilities used to be highly illiquid & cheap out there.  Now... $151K (originally offered at $99K) will buy you this:

https://www.redfin.com/CA/Landers/2360-Sand-Dr-92285/home/3858001

 

No wildfire risk. 

Link to comment
Share on other sites

I really thought that the Four Laws of Market Dynamics post would go viral. 

Shows you how much I know. 

16 views. 

16...

Does no one have a sense of humor anymore?

Or is mine just that warped? 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    No registered users viewing this page.

  • ×
    • Create New...