Carlsbad Renter was the one who said this blog was turning into an informercial, and expanded on that thought earlier today (under ‘Hot All Over’):
Please don’t take my post above (or this one) personally, like I said I am not the most eloquent blog poster. I’m just trying to tell you what I see, and how that conflicts with what once attracted me to your site.
To me, your early description in the next days video are a perfect example of how the focus around here has shifted from home buying to short term finance finance. What you described is the very essence of a bubble. No rationale for pricing, buyer frenzy, and the unspoken urgency for people to get in now. I’m sure at one point the tulip brokers were having a hard time finding merchandise for their buyers, too.
In my opinion, in the past you offered more commentary on the intangibles, on neighborhoods, peculiarities of a particular house, and longer time horizon factors that as a newcomer to SD, I found refreshing and useful. The Oceanside condo auction/head shop tour is a perfect example.
What seemed to me to distinguish you from other realtors was that you kept the excitatory rhetoric relatively low, you didn’t openly fan the flames and play on emotions like the realtors who took me around NoCo in late 2007. They were crassly after a commission, and didn’t seem to care a whit how that affected my family or future prospects. [You may be too, but at least you try to hide it :-)]
How about some information for “the rest of us,” the ones who still don’t have 20% down and are unwilling to rush into this crazy market? What SHOULD we be looking for? I’m not talking about buying price alone, but also the more intangible and durable components of home buying. Neighborhood, noise, future development, commute times, boring details like that that make a place a dream or a nightmare.
You’ve been through a SD RE bubble before. Where did people get burned, what mistakes were made, what things have proven over time to have been good moves?
Happy to oblige. I’d like it to be said that you could learn a little something here about buying and selling real estate. Let’s start at the beginning. When I first became a realtor in 1984, I learned two things in my first month in the business:
1. Risk and Reward ride the same elevator, and
2. There’s Nothing Price Won’t Fix
Here’s an example of #2: