Some developers apparently didn’t get the memo
The end of a nearly decade long march to the stratosphere of real estate prices has brought out the media predictions of all that is dire and painful. Though I said it another way in today’s post on my own blog, here’s what I think of this particular market correction. Compared to the early-mid ’90’s S & L crisis meltdown, this market is like the sudden realization that you’ve left the house wearing two different colored socks. Apparently there are some developers in Boise (Eagle to be exact.) who haven’t got the word. Yesterday, In a post written by Phil Hoover, he talks about an article in the local paper about the plans for — you can’t make this stuff up — 20,000 new homes in Eagle, Idaho. That would literally double Eagle’s current population. Don’t those builders know these projects are doomed to failure? Have they not heard of the doom that is real estate as we know it? Don’t they read the papers?
Buyers with stealthy agendas
Even though it was last week, I fear too many readers missed Kris Berg’s post “You hate me, don’t you?”. It’s the perfect illustration of the old saying, “You can’t make this #%$& up!” There is a new level of chutzpah on display in her story, that makes you wonder what new form of dope is being hawked these days. Kris makes Mother Theresa look like a hack. 🙂
Thinking of one special word
Going into the weekend the guys at Duct Tape Marketing published a very interesting piece wondering what ONE word describes what you do well. I still haven’t come up with just one word. Is that even possible? It must be because they did it for their own company. It opened my eyes as to how people reduce what we do best to a single thought. That could be incredibly cool, or a disaster.
A meeting in Paradise
Seems there’s a meeting in Del Mar, California the first Monday of June. Brian Brady is running the show, and has invited some local celebrities. He’s calling it The Real Estate Soiree. I wonder if we can smoke out a certain real estate couple doing business in Skippie’s Ranch? (Or is it Scripps Ranch?) Brian says it’s for San Diego real estate professionals. My son and I are showing up anyway. 🙂 Anyone in San Diego interested? Go to the link, and give Brian a call.
Investing under the radar
The BawldGuy answers a reader’s comment. After almost 40 years of watching the real estate media, I’ve finally found something for which I can be grateful. They’re allowing astute investors to remain under the radar. Seems Chicken Little is alive and well in the real estate section of your local paper. Flying stealthy in Boise, Denver, North Carolina…………..
Paying for the good life
Morgan Brown writes about Why I Hate My Industry Sometimes — and don’t we all know that feeling. It’s a transparent piece showing how one sub-prime lender took advantage and lived a life he’d earned on the backs of the borrowers they supposedly helped. Good stuff.
Kris Berg says:
Thank you for the link, Jeff. Your kind words are my consolation prize for getting bumped down a notch on the sidebar. Guess it had to happen, but I still don’t like it. 🙂 (Good thing I like you, Lani!)
By the way Bawld Boy, I RSVP’d as a “maybe” which is the best anyone ever gets out of me. I just dumped a friend again for Happy Hour tomorrow night, which marks my third rescheduling due to unforseen offers/counter offers. Realtors make crummy friends.
May 21, 2007 — 10:51 am
Jeff Brown says:
Kris – Change your name to Kris Aaces.
Every time I hear about a house agent juggling their schedule, and slaving on the weekend, I thank the good Lord for the investment side of the biz. 🙂
You guys are so in charge in your area, isn’t about time you started acting at least a little bit like Russ?
Maybe we’ll see you at the CIF volleyball finals.
May 21, 2007 — 11:00 am
Kris Berg says:
I am trying to “act a little bit like Russ” – Rich. 🙂 Sadly, not there yet.
May 21, 2007 — 12:56 pm
Jeff Brown says:
Come now Kris, you guys print 100 dollar bills over there. 🙂
May 21, 2007 — 3:03 pm
Brian Brady says:
“I RSVP’d as a “maybe” which is the best anyone ever gets out of me.”
Uh…I was kind of counting on you to be one of the presenters, Kris
May 21, 2007 — 6:30 pm
Chris says:
Being under the radar is nice, its rather profitable it seems.
Good post!
May 21, 2007 — 8:04 pm