Greater Fool Theory Comes Home

Bubble buzz phrase of the week: ‘Greater Fool Theory‘. Even National Public Radio joined the debate this weekend.  And like the old Saturday Night Live skit, it just begs the questions: who is this fool, just how much money does he have, and shouldn’t somebody warn him? Read More »

Market Similarities (Beyond Just The “U”)

Two select quotes and five “lessons” from CNNMoney’s look at the U.K. housing market slowdown. Perhaps a little foreshadowing of what’s to come in the U.S.? And isn’t our market rationalization du jour all those wealthy Europeans? “In these markets there is a herd instinct where people rush out... Read More »

Section 1386 Update: Andy Sirkin Weighs In

It’s worth reading Andy Sirkin’s overview and perspective on the Board of Supervisors vote to block the condo conversion of a lottery-winning six-unit TIC. Yes, the owners won the condo lottery but were still denied conversion based on Section 1386 of the City’s Subdivision Code. Sirkin writes: Until the... Read More »

Riotous Living Anyone?

According to a study by the California Building Industry Association, Bay Area homeowners have increased the equity in their homes by roughly $234 billion over the past five years. Which, if the basic assumptions of the study were neither biased or flawed, would be quite impressive. The study assumed... Read More »

San Francisco ScrapHouse Nearly Complete

San Francisco ScrapHouse Nearly Complete

Blitz-built from salvaged materials (including street signs, phonebooks, and fire hoses), ScrapHouse will open to the public tomorrow (6/2). Built in conjunction with World Environment Day 2005, ScrapHouse is billed as an opportunity to see “creative, real-world solutions for re-use and green building” and “illustrates the possibilities–as well as... Read More »

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... 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.... 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... 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... Read More »