The other day I was talking to a business-savvy fellow who has been looking to get into the real estate market since 2009. Back then, he recounted, everyone thought he was crazy to want to buy something. Ultimately he didn’t. Recently I introduced him to some clients of mine who were looking to partner up with someone on a “fixer” project. Surveying the $1 million prices “fixers” seem to be going for, he used the words “bubble” and “frothy” to describe what’s going on in SF right now. ...
Happy New Year everyone! As promised, here is a link to Paragon’s comprehensive analysis of trends in the San Francisco residential market and beyond in 2012. You’ll find 19 incredible charts and maps covering a host of metrics and I highly recommend a quick scan of the online newsletter to find the stuff that might interest you. I’m going to cherry-pick just a handful of my favorites to discuss below.
My wife likes to remind me that I always seem to think that the stock market is heading down. Though I don’t generally think of myself as a half empty kind of guy, there may be some truth to the rap.
So, what to make of a recent article in the New York Times that sees echoes of the 2000 dot-com bust in the disappointing performance of Facebook and other new-tech companies like Zynga and Groupon?