QuickLinks: Friday update (updated)

Calling All “Industry Experts”

Headlines coming out of the Inman News’ Real Estate Connect conference this afternoon: “Industry leaders predict slowing market”. To which we respond: no kidding, it’s about time, and how about some hard numbers from these so called “Experts”? So instead of simply nodding our head at the vague predictions of six conference panelists, we decided Read More »

Here We Go Again

Remember last May when we first suggested you take a look at the Spring PMI Risk Index? And then how two months later Kiplinger’s finally gets around to publishing a story about the report and gets all the press? Well, here’s another two-month head start for the SocketSite community… According to the PMI Group’s Summer Read More »

Mission Armory Redux?

Mission Armory Redux?

We’d be willing to bet that if you’ve ever passed by the Armory at Mission and 14th you’ve had visions of what you’d do with the empty building. And you wouldn’t be alone. Despite being listed on the National Register of Historic Places, the Armory has been vacant for over 30 years. And during those Read More »

To Sell, Or Not To Sell

The majority of San Franciscans are trying to figure out if (or how) they will ever buy a house in the current market, while a minority find themselves contemplating a sale of their primary residence in order to “cash out” on a bubble. CNN/Money weighs in with four options for those considering a sale of Read More »

Refrigerator Porn

Refrigerator Porn

We present the Sub-Zero Pro 48 as a perfect excuse (or inspiration) to remodel your kitchen. And according to Land+Living, “this refrigerator conforms to the US Department of Energy’s stringent standards for residential use – consuming less energy than a 100 watt light bulb.” Now that’s cool. · Sub-Zero PRO 48 Refrigerator/Freezer Read More »

Sales Activity: National Versus Local

According to the National Association of Realtors, national existing home sales came in at a record setting annual pace of 7.33 million homes as measured in June. And according to the California Association of Realtors, statewide home sales are up 3.6% as compared to June of 2004. Sales activity in the San Francisco Bay Area, Read More »

Bayview/Bernal Home Depot Update

Home Depot will present its final Environmental Impact Report to the Planning Commission this Thursday, July 28, at 5pm in City Hall Room 400. The public is welcome to attend and comment prior to the Commissions “go”/“no-go” vote. Bring popcorn, this one should be interesting. · Home Depot debate · Home Depot seeks to Read More »

Not The “P” But The “E”

Not The “P” But The “E”

You might recall our previous discussion about San Francisco’s housing P/E. In summary, it’s out of whack. From an investing perspective, while the cost (Price) of an investment in San Francisco real estate has risen, the returns (Earnings) have remained flat. This suggests that the majority of buyers are banking on appreciation (i.e. speculating), which Read More »

Kiyosaki Speaks

When Robert Kiyosaki speaks, the masses seem to listen. Sparking an investing revolution with “Rich Dad, Poor Dad”, Kiyosaki recently shared his thoughts about the current real estate craze with Carol Lloyd of “Surreal Estate” fame. “Don’t get me wrong, I’m still buying real estate,” he told me, adding that he was in the process Read More »

Dueling Reports

If you read the Examiner, the median sales price of a San Francisco home is now $760,000 (a reported 16.4% gain from 6/04); and if you read the Chronicle, the median sales price is now $800,000 (a reported 15% gain from 6/04). Both papers credit DataQuick as their source. Our take, if you’re trying to Read More »

Home Depot Almost Home?

Home Depot Almost Home?

Next week Home Depot is headed back in front of the Planning Commission. Having signed a lease for the old Goodman Lumber location at 491 Bayshore Blvd. over five years ago, the Depot is still seeking approval to begin development. Proponents point to desperately needed neighborhood jobs and a significant increase in local sales tax Read More »

Blast From The Past

We’ve recently been reminded of a passage from Po Bronson’s The Nudist on the Late Shift: Though people are willing to make bets, nobody pretends that stock prices are rational. By now it’s perfectly clear that the national fascination is riveted on people who are getting rich quickly and easily – and that it’s hard Read More »

Fairmont Furor

Apparently the owners of the 591-room Fairmont Hotel are considering a condo conversion of 226 rooms in the tower annex into 60 housing units. According to the owners group, “The landmark portion of the hotel won’t be touched…hat will continue to operate as a hotel. All the ballrooms, all the public spaces will be exactly Read More »