Sales Activity: National Versus Local

According to the National Association of Realtors, national existing home sales came in at a record setting annual pace of 7.33 million homes as measured in June. And according to the California Association of Realtors, statewide home sales are up 3.6% as compared to June of 2004. Sales activity... Read More »

Bayview/Bernal Home Depot Update

Home Depot will present its final Environmental Impact Report to the Planning Commission this Thursday, July 28, at 5pm in City Hall Room 400. The public is welcome to attend and comment prior to the Commissions “go”/“no-go” vote. Bring popcorn, this one should be interesting. · Home Depot debate... Read More »

Not The “P” But The “E”

Not The “P” But The “E”

You might recall our previous discussion about San Francisco’s housing P/E. In summary, it’s out of whack. From an investing perspective, while the cost (Price) of an investment in San Francisco real estate has risen, the returns (Earnings) have remained flat. This suggests that the majority of buyers are... Read More »

Kiyosaki Speaks

When Robert Kiyosaki speaks, the masses seem to listen. Sparking an investing revolution with “Rich Dad, Poor Dad”, Kiyosaki recently shared his thoughts about the current real estate craze with Carol Lloyd of “Surreal Estate” fame. “Don’t get me wrong, I’m still buying real estate,” he told me, adding... Read More »

Dueling Reports

If you read the Examiner, the median sales price of a San Francisco home is now $760,000 (a reported 16.4% gain from 6/04); and if you read the Chronicle, the median sales price is now $800,000 (a reported 15% gain from 6/04). Both papers credit DataQuick as their source.... Read More »

Home Depot Almost Home?

Home Depot Almost Home?

Next week Home Depot is headed back in front of the Planning Commission. Having signed a lease for the old Goodman Lumber location at 491 Bayshore Blvd. over five years ago, the Depot is still seeking approval to begin development. Proponents point to desperately needed neighborhood jobs and a... Read More »

Blast From The Past

We’ve recently been reminded of a passage from Po Bronson’s The Nudist on the Late Shift: Though people are willing to make bets, nobody pretends that stock prices are rational. By now it’s perfectly clear that the national fascination is riveted on people who are getting rich quickly and... Read More »

Fairmont Furor

Apparently the owners of the 591-room Fairmont Hotel are considering a condo conversion of 226 rooms in the tower annex into 60 housing units. According to the owners group, “The landmark portion of the hotel won’t be touched…hat will continue to operate as a hotel. All the ballrooms, all... Read More »

Green Clean: The Book

Now that you own/rent it, keep it clean. Finally, a “Green” cleaning book that doesn’t look like something mimeographed in the basement by a couple of hippies (not that we’ve got anything against hippies). From Amazon: GREEN CLEAN is the definitive, step-by-step guide to cleaning better while using natural,... Read More »