Is the internet destabilizing?
Ask Hosni Mubarak whether it was some kid Google exec, or Facebook, or Twitter that helped bring him down, and here's the answer you'll get
(roughly translated from the Masri): "Huh?!?"
Sometimes, a regime, or a brand, just dies. Ask AOL. (HuffPo, be warned!)
No doubt, we live in…
Is the internet destabilizing?
Ask Hosni Mubarak whether it was some kid
Google exec, or
Facebook, or
Twitter that helped bring him down, and here's the answer you'll get
(roughly translated from the Masri): "Huh?!?"
Sometimes, a regime, or a brand, just dies. Ask AOL. (
HuffPo, be warned!)
No doubt, we live in interesting times.
In terms of real estate, we live in a time when the recent nationwide RE recovery stoked by cash giveaways and unspeakably cheap money seems now to have stalled out. But that's nationwide. (According to
Case-Shiller, no bulls they.)
Hyperlocally, 2010 was a recovery year and, moreover, the respected Dataquick team says "luxury" real estate across California (prices $1m+) saw a
21% increase in sales volume last year. (See this
LA Times story.)
The situation with $1m+ sales prompted some remarkable comments from Christopher Thornberg, largely viewed as a bear in the bubble years and post-bubble aftermath, who said last week: "Certainly, we're pretty sure we're at the bottom" for home prices, and "if you are borrowing, buying today makes a lot of sense because interest rates are just incredibly low."
When the bears turn bullish, what's to do next?
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Please use this "Open Forum" post to discuss whatever's on your mind – the Arcade Fire, new planets outside our solar system, the death (?!?) of Fannie and/or Freddie, etc. As always – and you've been so good recently – keep it civil and we'll all have a better time.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 26th, 2023 at 4:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
