Curb Appeal: 3132 Laguna

Curb Appeal: 3132 Laguna

3132 Laguna: A surviving bit of character on a block of nondescript facades. ( Read More »

Great Advice For Buyers

James Stewart at SmartMoney hits the nail on the head. If you’re a first-time buyer looking to purchase a primary residence and you can easily afford the down payment, ongoing mortgage, taxes, and upkeep – just do it. Don’t try to time the market, just do it. Current mortgage rates are fantastic and even if Read More »

San Francisco’s Housing P/E

As sales prices have risen, and rents have dropped, San Francisco’s residential “rent ratio” has climbed to a nation-wide high of 34.1 (according to The New York Times). We’re higher than New York City (25.4) and San Diego (28.9), and up from a rent ratio of 12.5 in 2000. In other words, on average, properties Read More »

Bet On A Bubble (Or Not)

We don’t know whether to be extremely terrified or slightly intrigued. Quite honestly, we’re a little bit of both. Promoted as an opportunity to “Hedge, Speculate, and Invest” in specific real estate markets without actually buying property, HedgeStreet’s “Hedgelets” allow just about anyone to take a position on the median sales price of existing single-family Read More »

Real Estate Investment Clubs On The Rise

Since the end of 2002 the number of real estate clubs affiliated with the National Real Estate Investors Association has grown 300%. And since 1999, the number of stock market clubs has dropped nearly 50%. Remember back when all water cooler, coffee house, and cocktail chatter revolved around stock picks, options, and un-realized capital gains? Read More »

Condo Conversion, TIC, and Ellis Act Overviews

Goldstein, Gellman, Melbostad, Gibson & Harris, LLP provides a trio of articles on Condominium Conversion, Tenancy in Common, and Owner-Occupancy/Ellis Act Evictions in San Francisco. Some spin, but generally well written and great overviews. Keep in mind that recent developments (such as the Board of Supervisors recent application of Section 1386 of the City’s Subdivision Read More »

Top Five San Francisco Trophy Homes

Looking for new digs? Have an extra twenty million in Google stock burning a hole in your pocket? Match the recent Mega number? If so, then perhaps you’ll want to check out the five most expensive homes currently listed in San Francisco… 5. 34 Presidio Terrace ($11m) – Cheapest of the five. The six bedrooms Read More »

Economic And Real Estate Trends Report

Considering the purchase of an investment (rental) property in San Francisco? Thinking of leveraging an interest-only loan to finance a short-term speculative buy? Do yourself a favor and read The PMI Group’s latest Economic and Real Estate Trends report. The PMI Group is publicly traded residential mortgage insurer and is in the business of accurately Read More »

Anti-Bubble Theory And The Seven Deadly Sins

In a self-described rant on Inman News, columnist Lou Barnes shares his perspective on the recent explosion of financial press coverage regarding a real estate “bubble”. In Lou’s own words: There is no evidence whatever that home prices are unsustainable, nor any evidence of widespread default. The bubble is in commentary coming from the financial Read More »

Curb Appeal: 104 Collins

Curb Appeal: 104 Collins

104 Collins: Natural wood, earth tones, and succulents; equally at home in Sao Palo or Rio de Janeiro. (view full facade) Read More »

Design & Architecture: About

Bill Cosby once said, “I don’t know the key to success, but the key to failure is trying to please everybody.” We couldn’t agree more. “Great” design is subjective, and so are we. We can’t help it, and honestly, we wouldn’t want too. We believe that a distinct voice and perspective is important. And we’re Read More »

Greenspan Sees Local Housing Bubbles

While dismissing a national bubble, Alan Greenspan acknowledged signs of market “froth” and local housing bubbles during his address to the Economic Club of New York this evening. A couple of choice quotes: “We don’t perceive that there is a national bubble but it’s hard not to see … that there are a lot of Read More »

TIC Owners/Buyers Beware

Tenancy-in-common (TIC) units created through an Ellis Act eviction of previous building tenants may be denied eligibility for condo conversion in San Francisco. On Tuesday the San Francisco Board of Supervisors rejected the condo conversion application for the six-unit building at 400-410 Vallejo based on Section 1386 of the city’s Subdivision Code. Section 1386 prohibits Read More »

Interest-only loans meteoric rise in the Bay Area

Financial savvy for some, financial folly for others. According to The Chronicle and LoanPerformance, in 2002 less than 20% of property purchases in San Francisco utilized interest-only mortgages. In 2005? Nearly 70%. And according the Federal Reserve, owners’ equity in household real estate has grown 46 percent over the past four years while mortgage debt Read More »