Thursday, November 15, 2007

The Other Bubble

I have visited 47 states (all except North Dakota, Arkansas and Oklahoma) and seen a lot more of this country than most will ever see, so when I look at the various foreclosure and subprime maps that have been making the rounds lately, it is easy for me to picture many of these places and the residents I have met there along the way.

On the other hand, I live just north of San Francisco in Marin County, which in many ways, is like living in a completely different kind of bubble in terms of real estate values, disposable income, attitudes, politics, etc. When it comes to real estate in the area, starter homes in the $3 million range are not uncommon. For some additional context, a couple of years ago my wife and I looked at a local $8.5 million house that lacked a private master bedroom and was in need of a fair amount in the way of repairs.

In spite of the projections by the Marin Real Estate Bubble blog, local real estate has been surprisingly resilient. The Marin Real Estate Report tracks a variety of real estate data and is the source of the graphic below, which shows that for the past seven years, real estate has climbed fairly steadily, at least when adjusted for seasonal trends. The story is different in other parts of California, as comparable San Diego data show, but for now at least, the full extent of the Marin bubble seems to be intact.

12 comments:

Anonymous said...

Bill,

If the jobs go away it will be a different story. People will spend until they can make minumum payments. There will always be pockets that are not effected as bad....maybe old money helps people get by, but if they depend on getting by with a job, things can get real messy.

Anonymous said...

I would have to agree with the previous post for areas such as San Jose and Palo Alto, California, where the job volume correlates well to the home values. However, having significant familiarity with the views, weather, protected open space, and sheer beauty of Marin County, I think Bill's labeling it a bubble is spot on. That said, there are no guarantees in life, but if I were betting, I'd feel better with my money in Marin real estate than in almost any other county in the U.S.

Good or bad, enviable or not, Marin real estate does not seem to be held up, to any real degree, by the working class. In fact, I often wonder what people living there did when they *were* working. I think the county is home to lots of fortunate folks who either cashed out at the right time or were trust babies. Nice for them.

game help number said...

Thanks for sharing this blog. Keep writing.
If you Found running into some sort of technical glitch or any other issues on pogo games contact our Pogo Support Phone Number 1-800-319-0494 and obtain online Technical Support from human experts.

game help number said...


Great Post! Thanks For Sharing, Nice Article Keep Sharing Check Out Our Website for Pogo games related problems.


https://games-help-number.com/pogo-support-number/

Anonymous said...

great owesome post thanx for sharing
Pogo Helpline Number

GET SOLUTIONS FOR GLITCHES IN YAHOO MAIL THROUGH YAHOO LIVE CHAT said...

There are many more queries and issues that do pop up in Yahoo account. Each and every technical issue or hindrance gets eliminated significantly directly by experts of Yahoo. All you need to do is to seek for Yahoo live chat support . Once, you get in touch with the experts, you would always be provided properly with proper assistance and help. The services of Yahoo are amazing as the experts and technicians are present at your service

GET YAHOO BUGS SOLVED THROUGH YAHOO LIVE CHAT said...

There are many more queries and issues that do pop up in Yahoo account. Each and every technical issue or hindrance gets eliminated significantly directly by experts of Yahoo. All you need to do is to seek for INSTANT Yahoo mail live chat support. Once, you get in touch with the experts, you would always be provided properly with proper assistance and help. The services of Yahoo are amazing as the experts and technicians are present at your service
Yahoo mail Issue & Support
Yahoo Customer Service 2019
Yahoo live chat support
Yahoo mail not working on iphone
How to integrate yahoo with website domain email
Ten primary keys for yahoo
Tips for Yahoo Mail

pogo customer support said...

Many of the users faces problem that they forget their roadrunner password and faces difficulty in recovering it. Roadrunner support will help you in recovering the password and will also assist you in other issues as well. So do contact roadrunner support number for an amazing experience. So now you can easily Recover Roadrunner Password.

Help For Cash App said...

There are sure situations when clients neglect to get the QR code or lose the code. Try not to stress; simply adhere to those committed guidelines that will assist you with enacting the Cash card without utilizing the QR code. On your gadget, start the Cash App programming and take a gander at the home screen of the Cash App. In the Cash App home screen, you need to search for the choice named "Initiate".

Activate Your Cash App Card

allpcpro said...

anytrans-crack
origin-pro-crack
driver-toolkit-crack
nitro-pro-crack-free-download
anytoiso-professional-crack-download
microsoft-office-2019-crack
wise-care-365-pro-crack
advanced-systemcare-crack
drivermax pro crack latest free

driver finder said...

Very informative blog, thanks for sharing.
Macro Recorder Crack
Charles Pro Crack
Screenshot Studio Crack

Morningstar42 said...

I guess I am the only one who came here to share my very own experience. Guess what!? I am using my laptop for almost the past 2 years, but I had no idea of solving some basic issues. I do not know how to Crack Softwares Free Download But thankfully, I recently visited a website named free4soft.com
CSI ETABS Ultimate
Abelssoft SSD Fresh Plus
SnapGene
ReaConverter Pro
Adobe Media Encoder
WavePad Sound Editor

DISCLAIMER: "VIX®" is a trademark of Chicago Board Options Exchange, Incorporated. Chicago Board Options Exchange, Incorporated is not affiliated with this website or this website's owner's or operators. CBOE assumes no responsibility for the accuracy or completeness or any other aspect of any content posted on this website by its operator or any third party. All content on this site is provided for informational and entertainment purposes only and is not intended as advice to buy or sell any securities. Stocks are difficult to trade; options are even harder. When it comes to VIX derivatives, don't fall into the trap of thinking that just because you can ride a horse, you can ride an alligator. Please do your own homework and accept full responsibility for any investment decisions you make. No content on this site can be used for commercial purposes without the prior written permission of the author. Copyright © 2007-2023 Bill Luby. All rights reserved.
 
Web Analytics