An ARM (And Quite Possibly A Leg)

As you already know from diligently reading SocketSite, adjustable-rate mortgages (ARMs) are all the rage in our fair city and account for the vast majority new mortgages. What you might not know, and few brokers or agents like to emphasize, is that most ARMs expose barrowers to significantly more... Read More »

Unclear On The Concept

Making money through arbitrage (e.g. flipping) is dependent on an inefficient market. Condo Flip™ is attempting to create a marketplace for builders, buyers, and sellers, in order to make transactions more efficient for the flippers. Wait a second… Read More »

Yes! Yes! No.

The title naturally caught our eye (Why You Can’t Afford a House in San Francisco), and we think the author’s analysis gets off to a strong start. But then he sputters. And falls flat. The entire premise of this article is that housing prices should be directly correlated with... Read More »

Trade School Versus Academia

Yes, once again it’s the academics squaring off against the Realtors®. Not too surprisingly, they offer two wildly different views. Play along and see if you can match the forecast to the group: 1. edian home prices across the state will rise 15 percent year-over-year in 2005, down from... Read More »

It’s A Seller’s Squirrel’s Market

Within a month of putting her two-bedroom house in San Francisco on the market recently, homeowner Linda Gao had five offers, each one above her asking price of $699,000. So before accepting the most-attractive bid, she threw in an extra condition: If you want to buy my house, you... Read More »

Freakonomics Freaks NAR

Freakonomics just moved to the top of our summertime reading list. Pointing to data that suggests that “full-service” “realtors get 3-4% more for their own houses and leave their own houses on the market 10% longer” than their clients’ properties, and suggesting that “discount” brokerages might be the way... Read More »

A Good Handyman Is Hard To Find

Trying to find a good handyman? Give No Job Too Puny a read. Yes, it was written about New York but get over it, it’s still relevant, informative, and contains some good tips. And if you’re really struggling, just print it out and write “San Francisco” across every mention... Read More »

Remodeling For Profit

Looking for an excuse to install that Sub-Zero fridge and Viking range? The RealEstateJournal provides a couple of tips: First, you should not increase the value of your house to a point where it is the most expensive home in your neighborhood…Second, you should strive to keep your new... Read More »

You Are Here (A)

You Are Here (A)

Eric Jansen of Trident Capital waxes poetic on his “Seven Steps” in the boom-bust cycle of housing (not to be confused with the deadly sins or highly effective habits). Although it’s a bit dire, it’s well written and worth a read regardless of your bubble philosophy. And we just... Read More »