My frustrations with the BTR control panel continued tonight – the opening song started before I realized that I had no off button. So enjoy the full version of “Heartbreaker” live by Led Zeppelin, or fast forward about five minutes:
We talked about the general market conditions, and how the flurry of activity we’ve seen lately is unlikely to cause higher sold prices. If there is a surge of new listings over the next few months, they will likely be a result of sellers being enticed by today’s list prices, which are a false sense of the real market. In other words, prepare for a glut of overpriced listings for the next few months.
I also got off on a tangient about what and where this blog is, and my enthusiasm about it. I don’t have much, if any, sense of who reads this blog, or what you the readers want out of it. So look forward to a new survey coming soon!
Think some more inventory might show up before schools let out for summer? How far in advance?
Following you since about 2006. The old blog.
“I would rather be realistic with you…”
Exactly why I stick around.
What if you just post questions and use the comment feedback to collect survey results? (regarding you asking for feedback).
You sound way too apologetic. I remember meeting you at an open house on the lagoon that we REALLY wanted to buy. We KNEW the market was about to tank BIGTIME but got nowhere trying to convince to to try harder to convince the seller. You, RIGHTFULLY, weren’t buying it and as I recall did (not easily I’m sure) get your seller his price. THAT’s your job & I knew at the moment you were a real Pro. Way too many schlock R.E. Brokers say anything to close the price, take the commission & move on to the next one. You were representing your seller and did it well.
Why pay so much credence to the nay-sayers, they have no stake in the game. You know as well as I, if the market fell 20% from here the great majority of nay-sayers would still want another 10%.
Buyers and sellers are pot-committed – for their own reasons. Those reasons deserve respect AND especially Professional representation. Best luck.
What was the song you started the show with? Also why did you sound like you are calling in on a phone?
I’m a buyer sitting on the fence. This month is a “false start” I believe.
Why pay credence to the nay-sayers?
Because they do most of the commenting, and I think they have a valid point about us considering all the potential for disaster.
Secondly, I don’t want the good, solid readers who might be considering me to be their realtor to think that I disregard the negative arguments – all angles deserve to be considered, and reviewed.
I am grouping around in the dark – I don’t know who is reading this blog. I have run surveys in the past, and people have said that they like the videos, etc.
But I don’t have a read on how people feel about the market, or agree or disagree with the content here.
I was on a phone tonight – previously I was on Skype.
The BTR control panel is a nightmare, so I only had the one song teed up – it was Led Zeppelin live in Long Beach from around 1977.
If you wanted a topic to discuss I would be interested to know how Commercial Real Estate in the areas you specialize affects residential prices?
I mean I’m seeing less “Space Available” signs, but can’t say for sure.
Also the proximity to “Light Industrial” areas.
Sorry I missed the show. Wiped out from work today and actually slept through it. 🙁
In commercial real estate vacancy rates are coming down but not quickly. San Diego Office peaked around 15% at the beginning of 2010 and now is now right around 14%. Strong companies are moving into newer nicer spaces for less than it cost them 10 years ago (Illumina comes to mind). Average rental rates are back to 2000 levels.
There’s really nothing in commercial real estate statistics that suggests a strong recovery although commercial real estate lags a bit. It pretty much mirrors what we’re seeing in other parts of the economy slow sluggish growth.