Comments for Mt. Carmel Neighborhood Blog http://mtcarmelblog.wordpress.com Your finger on the pulse of Mt. Carmel Mon, 04 May 2009 15:08:50 +0000 http://wordpress.com/ hourly 1 Comment on About Ed Gory by Jerry Anderson http://mtcarmelblog.wordpress.com/about/#comment-112 Jerry Anderson Mon, 04 May 2009 15:08:50 +0000 #comment-112 Ed, If you want to add Facebook or email sharing buttons to your blog posts, there's a plugin that does it for you: http://tinyurl.com/sharebuttons Hope you find it helpful! Cheers, Jerry Ed,

If you want to add Facebook or email sharing buttons to your blog posts, there’s a plugin that does it for you:

http://tinyurl.com/sharebuttons

Hope you find it helpful!

Cheers,
Jerry

]]> Comment on The Mt. Carmel Festival — It’s That Time of Year Again! by Jim Clifford http://mtcarmelblog.wordpress.com/2009/03/20/the-mt-carmel-festival-its-that-time-of-year-again/#comment-111 Jim Clifford Sun, 19 Apr 2009 18:05:37 +0000 http://mtcarmelblog.wordpress.com/?p=140#comment-111 Our Lady of Mount Carmel School marks its 125th year next year. A lot of real estate people have used Mount Carmel as a selling point. Sam Whiting of the Chron did a piece on this a few years ago. Has anyone thought of doing research on this? Say how long the school has influenced sales? When did "Mount Carmel" first appear in ads? Might make a good fund raiser. PS-Like your blogs. Our Lady of Mount Carmel School marks its 125th year next year. A lot of real estate people have used Mount Carmel as a selling point. Sam Whiting of the Chron did a piece on this a few years ago. Has anyone thought of doing research on this? Say how long the school has influenced sales? When did “Mount Carmel” first appear in ads? Might make a good fund raiser. PS-Like your blogs.

]]> Comment on Mount Carmel Auction — THIS WEEKEND! by ekgory http://mtcarmelblog.wordpress.com/2008/10/23/mount-carmel-auction-this-weekend/#comment-95 ekgory Mon, 03 Nov 2008 22:13:35 +0000 http://mtcarmelblog.wordpress.com/?p=101#comment-95 The day trip to the Men's Penitentiary in Lompoc...should be a reunion for you, of sorts. The day trip to the Men’s Penitentiary in Lompoc…should be a reunion for you, of sorts.

]]> Comment on Mount Carmel Auction — THIS WEEKEND! by Dave Peck http://mtcarmelblog.wordpress.com/2008/10/23/mount-carmel-auction-this-weekend/#comment-94 Dave Peck Mon, 03 Nov 2008 17:05:48 +0000 http://mtcarmelblog.wordpress.com/?p=101#comment-94 Ed What trip did you win that your taking the Peck family on? Ed

What trip did you win that your taking the Peck family on?

]]> Comment on The Housing Rescue Bill — What It Means to You, Part 1 of 2 by First time homebuyer http://mtcarmelblog.wordpress.com/2008/08/06/the-housing-rescue-bill-what-it-means-to-you-part-1-of-2/#comment-82 First time homebuyer Tue, 16 Sep 2008 21:51:29 +0000 http://mtcarmelblog.wordpress.com/?p=64#comment-82 H.R. 6694 A Bill that would save seller-funded downpayment assistance from being eliminated on October 1 passed the House Financial Services Committee today on a voice vote amidst strong bipartisan support. The Bill, The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, or H.R. 6694, is expected to move to the floor for a full vote in the coming days. H.R. 6694 A Bill that would save seller-funded downpayment assistance from being eliminated on October 1 passed the House Financial Services Committee today on a voice vote amidst strong bipartisan support. The Bill, The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, or H.R. 6694, is expected to move to the floor for a full vote in the coming days.

]]> Comment on Everyone’s an Expert in Real Estate — So Who to Believe? by ekgory http://mtcarmelblog.wordpress.com/2008/06/19/everyones-an-expert-in-real-estate-so-who-to-believe/#comment-51 ekgory Sun, 22 Jun 2008 05:53:54 +0000 http://mtcarmelblog.wordpress.com/?p=48#comment-51 You know, statistics are a nice way of showing historical trends and all, and provide possible predictable outcomes, but they’re no way indicative of trends in every single individual market, especially the Bay Area. Sorry to disagree with you. If you’re analyzing the stats from the comfort of your desk in Colorado, or Nevada, or New York, those stats are going to be a lot less believable to me than if you were here “in the trenches” talking to buyers and sellers in the SF Bay Area every day of the year. In our market here, again sorry to break this to you, but statistics become absolutely irrelevant when demand exceeds supply. Doesn’t matter what 10-city index or composite you’re looking at, but when you have 10 buyers all bidding on a house in Palo Alto that will spend whatever it takes, even $300K over asking price so it assures them their kids get into the PA Unified School District – I just can’t imagine that a single one of them is going to offer lower than asking price because a statistic said the trend is going downward. Buyers have mind-numbing money here, and they’re apparently not afraid to spend it, and will ignore what Mr. Shiller has to say in the process. Sales activity and prices in many desirable neighbhorhoods just have not, on the whole, been crashing in markets like Los Altos, Palo Alto, San Carlos, Menlo Park, Atherton, and many others. If you’ve sold a home in the Bay Area in the last year or two, and especially in one of these markets you’d know that they’re far from slowing down. Sure, there’s peaks and valleys throughout the year, there always are, and to reiterate, I do realize it’s not rosy everywhere – Shoreview in San Mateo, east Menlo Park, Fair Oaks, Alameda County, those areas are not doing so hot. No one knows when those areas will rebound. But to say “it’s already happening here” is just blatantly untrue as a blanket statement for all of our Bay Area markets. Call me overly optimistic, or naïve, but articles like this one - http://www.insidebayarea.com/sanmateocountytimes/ci_9652198 - reinforce what we already know about our region. We hear what you’re selling, Mr. Shiller, but we’re not buying it. You know, statistics are a nice way of showing historical trends and all, and provide possible predictable outcomes, but they’re no way indicative of trends in every single individual market, especially the Bay Area. Sorry to disagree with you. If you’re analyzing the stats from the comfort of your desk in Colorado, or Nevada, or New York, those stats are going to be a lot less believable to me than if you were here “in the trenches” talking to buyers and sellers in the SF Bay Area every day of the year.

In our market here, again sorry to break this to you, but statistics become absolutely irrelevant when demand exceeds supply. Doesn’t matter what 10-city index or composite you’re looking at, but when you have 10 buyers all bidding on a house in Palo Alto that will spend whatever it takes, even $300K over asking price so it assures them their kids get into the PA Unified School District – I just can’t imagine that a single one of them is going to offer lower than asking price because a statistic said the trend is going downward. Buyers have mind-numbing money here, and they’re apparently not afraid to spend it, and will ignore what Mr. Shiller has to say in the process.

Sales activity and prices in many desirable neighbhorhoods just have not, on the whole, been crashing in markets like Los Altos, Palo Alto, San Carlos, Menlo Park, Atherton, and many others. If you’ve sold a home in the Bay Area in the last year or two, and especially in one of these markets you’d know that they’re far from slowing down. Sure, there’s peaks and valleys throughout the year, there always are, and to reiterate, I do realize it’s not rosy everywhere – Shoreview in San Mateo, east Menlo Park, Fair Oaks, Alameda County, those areas are not doing so hot. No one knows when those areas will rebound. But to say “it’s already happening here” is just blatantly untrue as a blanket statement for all of our Bay Area markets. Call me overly optimistic, or naïve, but articles like this one – http://www.insidebayarea.com/sanmateocountytimes/ci_9652198 – reinforce what we already know about our region. We hear what you’re selling, Mr. Shiller, but we’re not buying it.

]]> Comment on Everyone’s an Expert in Real Estate — So Who to Believe? by Ed http://mtcarmelblog.wordpress.com/2008/06/19/everyones-an-expert-in-real-estate-so-who-to-believe/#comment-50 Ed Sat, 21 Jun 2008 19:32:38 +0000 http://mtcarmelblog.wordpress.com/?p=48#comment-50 Of course, location needs specifying. Nationally, one had 9 years up, and (an extrapolated) 4-plus years down. See second chart here (mine) http://homepage.mac.com/ttsmyf/Freds_Straight_Lines.html and another’s statement here http://housingderivatives.typepad.com/housing_derivatives/2008/05/analytics-of-ho.html The SF metro area S&P/Case-Shiller nominal prices show -23% from the early 2006 peak; and the most volatile of their composite indices, the 10-city, is -18% from its same time peak. “It can’t happen here” REWRITE -- it is already happening. Of course, location needs specifying.
Nationally, one had 9 years up, and (an extrapolated) 4-plus years down. See second chart here (mine)
http://homepage.mac.com/ttsmyf/Freds_Straight_Lines.html
and another’s statement here
http://housingderivatives.typepad.com/housing_derivatives/2008/05/analytics-of-ho.html

The SF metro area S&P/Case-Shiller nominal prices show -23% from the early 2006 peak; and the most volatile of their composite indices, the 10-city, is -18% from its same time peak. “It can’t happen here” REWRITE — it is already happening.

]]> Comment on Everyone’s an Expert in Real Estate — So Who to Believe? by ekgory http://mtcarmelblog.wordpress.com/2008/06/19/everyones-an-expert-in-real-estate-so-who-to-believe/#comment-48 ekgory Sat, 21 Jun 2008 03:13:00 +0000 http://mtcarmelblog.wordpress.com/?p=48#comment-48 Thanks, I appreciate your comment, and you're certainly entitled to your opinion. The 9 years up, 9 years down thing -- out of curiosity, where does that stat come from, and are you saying it's a national thing or a regional thing? If it's a national housing average, then that's akin to saying there's a national weather average. The SF Bay Area's population is expected to increase by over 2 million people over the next 30 years. Job growth, biotech, nanotech, high tech -- sorry, we're just not experiencing the levels of financial or real estate despair as other parts of the country. I'm not saying everything is rosy here -- sure, there are regions around here that are hurting. But overall, having lived here my whole life, I just don't see the Shiller index having any relevance at all to our housing industries -- people from across the country and all over the world continue to flock to the San Francisco Bay Area. The warm climate, beautiful setting, recreational activities, top universities, and career opportunities are all factors in attracting newcomers. Over the next 20 years, the Bay Area will be home to more than 8 million people -- a 16 percent increase over the current population. Thanks, I appreciate your comment, and you’re certainly entitled to your opinion. The 9 years up, 9 years down thing — out of curiosity, where does that stat come from, and are you saying it’s a national thing or a regional thing? If it’s a national housing average, then that’s akin to saying there’s a national weather average. The SF Bay Area’s population is expected to increase by over 2 million people over the next 30 years. Job growth, biotech, nanotech, high tech — sorry, we’re just not experiencing the levels of financial or real estate despair as other parts of the country. I’m not saying everything is rosy here — sure, there are regions around here that are hurting. But overall, having lived here my whole life, I just don’t see the Shiller index having any relevance at all to our housing industries — people from across the country and all over the world continue to flock to the San Francisco Bay Area. The warm climate, beautiful setting, recreational activities, top universities, and career opportunities are all factors in attracting newcomers. Over the next 20 years, the Bay Area will be home to more than 8 million people — a 16 percent increase over the current population.

]]> Comment on Everyone’s an Expert in Real Estate — So Who to Believe? by S.B. ANTHONY http://mtcarmelblog.wordpress.com/2008/06/19/everyones-an-expert-in-real-estate-so-who-to-believe/#comment-47 S.B. ANTHONY Sat, 21 Jun 2008 00:16:31 +0000 http://mtcarmelblog.wordpress.com/?p=48#comment-47 THERE'S NO CONFLICT OF INTEREST. Shiller is one of the few bright lights who knows what's really going on and shares it with the rest of us. Housing cycle is 18 years. 9 years up, 9 years down. The top of the housing market was June 2006. That means that you won't see a true bottom until about 2015. Banks/financials will bottom at about the same time. THERE’S NO CONFLICT OF INTEREST. Shiller is one of the few bright lights who knows what’s really going on and shares it with the rest of us.
Housing cycle is 18 years. 9 years up, 9 years down. The top of the housing market was June 2006. That means that you won’t see a true bottom until about 2015. Banks/financials will bottom at about the same time.

]]> Comment on Everyone’s an Expert in Real Estate — So Who to Believe? by Ed http://mtcarmelblog.wordpress.com/2008/06/19/everyones-an-expert-in-real-estate-so-who-to-believe/#comment-46 Ed Fri, 20 Jun 2008 01:13:48 +0000 http://mtcarmelblog.wordpress.com/?p=48#comment-46 From http://housingderivatives.typepad.com/housing_derivatives/2008/06/case-shiller-v.html there is this substantial clarity: "... the latest (2008 Q1) S&P/C-S US and OFHEO P-O differ little in their inferred U.S. national housing overpricings of 32% and 28%, respectively." Please take the time to read the URL's content, which the news media keep from you for (their advertising revenue) cause. From
http://housingderivatives.typepad.com/housing_derivatives/2008/06/case-shiller-v.html
there is this substantial clarity:
“… the latest (2008 Q1) S&P/C-S US and OFHEO P-O differ little in their inferred U.S. national housing overpricings of 32% and 28%, respectively.”

Please take the time to read the URL’s content, which the news media keep from you for (their advertising revenue) cause.

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