And Speaking Of Being Plugged-In To Bay Area Employment Trends…
“Of course, if this was limited to Sun, it probably would not have a huge impact on anything concerning this site. But Sun is obviously just one of many going…
TIC Troubles Via The WSJ (But We Wouldn’t Discount That Downturn)
The Wall Street Journal article: Residential-TIC Tack Hits Snags. The Quote: The problems facing residential TICs, which are found mainly in San Francisco, are different and reflect tighter mortgage underwriting…
Brugnara Properties Headquarters Headed For Foreclosure?
From a plugged-in tipster today: 351 California is one of the Dollar buildings (forgot which one), later the Pacific Bank Building, and currently the HQ Brugnara Properties. Luke Brugnara is…
JustQuotes: Proposing To Change The Terms To Protect The Principal
“ imposing a 90-day stay for the foreclosure process for owner-occupied homes that have received notices of default. Lenders could be exempted from the stay by proving they have an…
Extremely Creative (But Not Particularly PC): Real Estate Downfall
If your comment starts with the phrase “I know this is off topic…”, then please don’t. Consider sending us a tip instead. Especially when it involves an extremely creative, but…
JustQuotes: The State (Or At Least Budget) Of San Francisco
“San Francisco’s budget shortfall is much worse than originally projected, making this year’s financial outlook comparable to the city’s fiscal condition after the 2000 dot-com bust and the Sept. 11…
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Some Scary Numbers Behind The Bankruptcy Of “La Casa Verde”
It was three months ago we noted a Notice of Default (NOD) had been filed for “La Casa Verde” (a.k.a. Sunset’s San Francisco Idea House). And now as a plugged-in…
The Fed Cuts Rates To One Percent To Avert “Prolonged” Recession
A year ago Friday the Federal Reserve cut its benchmark interest rate to 4.5% and signaled that further cuts were unlikely. The thought at the time: “Today’s action, combined with…
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Price Cuts Of Up To 30% At Symphony Towers (750 Van Ness)
Plugged-in people knew the cuts were coming. And as one reports, they’re here. Prices at Symphony Towers (750 Van Ness) have been reduced by up to 30% or $136,000. A…
The Google Chart Of The Day (And A Bit More Foreshadowing)
Click to enlarge. And once again, a bit of foreshadowing. Yes, with regard to local housing.