Another professor commenting on the prospects of another bubble, and the renter's society:
More Bubble Talk
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Month: October 2013
Inventory Watch
We saw that last month's NSDCC closings looked weak, compared to September, 2012 (254 vs 289). But look how October has started, and there will be late-reporters adding to this year's total: Oct. 1-10 Closings #Sales Avg. $/sf 2011 34 $410/sf 2012 86 $376/sf 2013 87...
Open House Report
You don't have to watch the video to hear the usual report - the market appears fine; we had 100+ people come to open house over the weekend, and buyers are engaged. What price they are willing to pay is not so obvious. The investors are providing the floor, most...
Drain Cleaning
Houses that are more than 10-15 years old, or have trees in the front yard should have the sewer line checked periodically. Affordable Drain charges $185 for the camera scan, and have been very reliable: http://www.affordabledrain.com/
Adobe Home Tour Today
Those who are fond of adobe homes and/or our architectural heritage can check out the Adobe Home Tour today, featuring the Weir Brothers: http://events.r20.constantcontact.com/register/event?oeidk=a07e89e6t9gbfadc2b1&llr=tosrxicab Here is the full history of the...
Close to Carmel Valley
My new listing in Park Village, south of the 56 freeway and just two exits east of Carmel Valley - open this weekend 12-3pm:
Sustainable Market?
Home prices will go up and down, but another bubble/crash event is unlikely to happen. We live in a world where artificial markets are supported by the government, and until that changes, the housing market should be relatively rangebound. Under what conditions would...
Portico
My new listing in Carlsbad's Rancho Carrillo - open Saturday from 12-3pm:
Oceanfront Carlsbad
I hate the videos that start with a 30-second commercial, but this is the gambler's house on Carlsbad Blvd., asking $29,000,000. Doug had this listed over the last couple of years, but now an Orange County realtor has it, and you can tell. He says the private beach...
Rocket from the Crypt
Below isn't the best youtube of this local San Diego band, but you might recognize the location and/or the MTV host, featured at the 4:35-minute mark. RFTC is playing at the House of Blues on Halloween:
