Not here, apparently. How do you feel about Pittsburgh? The Bay Area doesn’t score particularly high, btw.
Read the whole thing HERE.
Where’s the best place to flip a home?
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Category Archives: real estate
BAY AREA Renters say they want to move. Will they come here?
The high rents in the Bay Area continue to be a destabilizing factor in the Bay Area. Read about it HERE.
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Short Ribs and Random Thoughts July 4 2017
Independence Day and our country is in the process of being wrecked by a cretin who has no wisdom, no knowledge and no shame. Happy Fourth!
Hurricane season began June 1- and continues to the end of November. But our lazy President has yet to name anyone to lead FEMA. Do lives have to be lost before this jackass gets serious about his responsibilities??? Apparently.
The Housing Shortage- A month or so ago the AEDC sponsored a forum on our perpetual housing shortage. I didn’t cover it in the blog because Gregg Foster and others did so very well. I just found out that a young relative in the Bay Area has just been accepted for Section 8 housing after ELEVEN YEARS on the list. The plight of the poor and disabled in the Bay Area economy- heck, ANY high cost area- is real and under-reported.
Is Jeff Sessions the LEAST impressive person in the Federal Government? There are counter clerks at Six Rivers Forest who show more wisdom and presence than he does. An Attorney General should have a memory; that should be a basic qualification. Every response in his recent testimony was “I don’t recall”. He looks like Howdy Doody and he sounds like Gomer Pyle. And he wants to restore the War on Weed. What a winner.
Venus Williams will likely pay a pretty penny for her car accident in Florida but the whole incident will have a good effect if it reminds people that you don’t have to be driving FAST to have a fatal accident.
Trump’s horoscope- is available at AstroDienst. I will only make some brief observations. The first is that a “normal ” or “balanced” scope is one in which the planets are spread around the wheel, not bunched up in one place. Trump’s are bunched up in the left half of the ‘scope, which indicates a limited point of view, or limitations in his personality. He also has Mars conjunct his ascendant which indicates belligerence. And his moon is opposite his Sun/Uranus conjunction indicating major conflicts between his inner and outer personas. His four planets in Cancer indicate a home-loving person with domestic proclivities. Let’s see how well he does on his trip later this week.
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For Sale In Fortuna- The Riverwalk Hotel
For something over $4M. Jeff Denham has the listing HERE
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FOR SALE IN HUMBOLDT
San Francisco Rents Update
Yes, it’s unbelievable. The place we used to rent on Potrero Hill for $185 now goes for almost four grand.
Read about it HERE.
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“ROOM FOR RENT”
It’s been officially acknowledged and certified by the Lost Coast Journal that we indeed have a housing shortage, if not a crisis, on the North Coast. Apparently something like 500 students who started school in August are still looking for housing. That is ridiculous! Why hasn’t a public health crisis been declared? What is HSU doing about it??? Many unanswered questions.
I rent out my extra room and bath. I resisted it for years, then got smart. A tenant solves a lot of problems. An extra hand for heavy chores, someone to watch the dog when I’m out of town, lots of advantages. Plus the extra income is like crack; you are instantly addicted. What’s puzzling to me is that with all the shortage talk, the PRICE for a room hasn’t really gone up at all. I charge $600 for a furnished room with private bath, in a decent area. I’ve only seen a couple of ads on Craig’s List that want more for a room. So the law of supply and demand doesn’t seem to be applicable.
Craig’s List is always a good read. It’s amazing how many folks want to rent a room for nothing or “work in exchange for rent”. Who does that except for growers? I usually don’t have to list my vacancy. I just scan Craig’s lIst for people looking for housing who sound reasonable.
Anyway, my new tenant is moving in this week. Happy New Year!
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Even the Rich are Fleeing Bay Area Housing Prices
Not that we want to be smug or anything like that, but it’s hard not to experience a bit of schadenfreude when you hear stories like the President of the SF Federal Credit Union relocating to Oregon because of housing prices. The details are HERE.
Also, recently, a Palo Alto planning commissioner announced that she was moving to Santa Cruz after going to extreme measures, including renting a house with another couple. Her story is in the sidebar to the Palo Alto story. Santa Cruz isn’t much of an answer. And in Sonoma, people are paying half a milll for houses that would go for $300K up here. Unbelievable but true.
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No, Bay Area Real Estate is Not Slowing Down, not even a little bit.
We keep hearing that SF area values are plateauing, but where’s the evidence?? The San Jose Marriott just sold for almost DOUBLE the price it sold for less tan three years ago. This is a slowdown? What the Bay Area needs, and what WE need is some stability down there. Houses in Sonoma have doubled in value in the last few years but this is not necessarily good news for us.
Read about it HERE.
Sheesh! Another Eureka motel in Eureka for sale?
According to LoopNet, the venerable Christies’ is for sale. Can anyone recall a time when there was no Christie’s Motel? They seem to have gone over to the Dark Side in recent years. See it and other listings HERE.
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