Sonoma Housing Bubble

Pulling the cork out of Sonoma's bubbly housing foolishness

Monday, January 08, 2007

Lead Me Not Into Temptation...


But I Couldn't Resist....How could I not post this?

Behold, a new craig's list advertisement for a house in the lovely, sophisticated Sonoma Valley.

$650000 rock bottom price beutiful customhome + apt detached (sonoma)

Date: 2007-01-07, 8:30PM PST

3 bd 2 1/2 bath plus detached 1br 1 bath apt nice naborhood droped price 250,000 must see to believe all new from foundation up rebuilt hole house to 2006 codes new everything

715 boyes blvd at arnold

11 Comments:

At 1/08/2007 05:39:00 PM , Anonymous tom stone said...

OOOOHH this boy is getting an education! pity it doesn't include spelling and grammar.this is going to hurt him more than it did me when i had a country boy give me one for my smart mouth.

 
At 1/09/2007 07:20:00 PM , Anonymous Anonymous said...

Who doesn't proofread an ad when they sell anything for $650K?

Oh, that's right--flippers and realtors how struggled to graduate from high school.

Hilarious find.

 
At 1/09/2007 07:23:00 PM , Anonymous Anonymous said...

Regarding above--mea culpa. (who vs. how). I'm slightly dyslexic, but not too stupid, LOL.

 
At 1/09/2007 10:07:00 PM , Anonymous Anonymous said...

I just pulled his data. Not pretty, IRS liens, Notice of Default filed, Notice of action etc...He's going under quick...did anyone notice his email address?

~Caddis

 
At 1/09/2007 10:42:00 PM , Blogger Athena said...

I just don't understand. This type of thing is so far beyond just one foolish person. It takes a whole series of accidents before a plane falls out of the sky and the same thing with this bubble... there were a lot of people who helped this guy get here. I feel queesy for him. All I can say is according to zillow if it is correct, he bought really low... so he has a ways to go before he takes less than what he paid. Looks like he only paid about 1/3 of what he is asking.

 
At 1/10/2007 09:39:00 AM , Anonymous marinite said...

You have to add in the cost of the upgrades.

 
At 1/10/2007 09:55:00 AM , Blogger Athena said...

Marinite!!! Where've you been? Cost of the upgrades... do you suppose they ran in the range of $300k worth of upgrades?

In this guy's defense a little bit...but the inside of the house is beautiful. It is in boyes springs and there is no reason to spend that much to live there. But it does look like there was nice work done inside the house. But again- no reason in the world to spend $600k+ to live on Boyes Blvd. in Boyes Springs.

 
At 1/11/2007 10:07:00 AM , Anonymous marinite said...

"do you suppose they ran in the range of $300k worth of upgrades?"

I don't know.

"Where've you been?"

My new job takes all my time and I rather spend what free time I have with my family than blogging. Then there was a month of jury duty...sheesh. I haven't even been keeping up with the bubble news...there's still a bubble, right?

 
At 1/11/2007 11:00:00 AM , Blogger Athena said...

My job also keeps me behind on the news, but yes... there is still a big leaking bubble.

You are sorely missed as your site is about the best in the blogosphere. I hope you find some time and come back. It isn't the same without your insight and wit.

 
At 1/14/2007 07:55:00 PM , Anonymous Anonymous said...

Does the fountain come with, dare I say-- kool-aide

 
At 1/14/2007 07:57:00 PM , Blogger Athena said...

I bet if you made an offer on the place the realtor, mortgage broker, and appraiser would get to mixing a big ole fountain full of kool-aid for you. ;-D

 

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