tag:blogger.com,1999:blog-22535876.post114120356813754019..comments2023-10-20T07:59:45.124-07:00Comments on Sonoma Housing Bubble : The Cat is Out of the Bag.Athenahttp://www.blogger.com/profile/15944962059749126687noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-22535876.post-1141320131743343622006-03-02T09:22:00.000-08:002006-03-02T09:22:00.000-08:00Family in the S. Bay live near a nursery that was ...Family in the S. Bay live near a nursery that was recently developed for residential. Initially, they were planning to do 12 homes/acre (.08 lots, small enough). However, greed set in, and it's now zoned for 20/acre--and still under construction. Good luck with selling those on the downside!marine_explorerhttps://www.blogger.com/profile/03092782038855356359noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141281999088350612006-03-01T22:46:00.000-08:002006-03-01T22:46:00.000-08:00I will have to go look at the ones on MacArthur st...I will have to go look at the ones on MacArthur street to see which ones you are talking about. I know MacArthur place is there and their buildings look like McMansions too... and very out of place <BR/><BR/><BR/><BR/>In Napa on the north end of jefferson near where my mother lives they have two soon to be three really new developments, they have shoehorned these houses onto these teeny little lots... and they are practically touching. I am pretty sure one neighbor can hand another a roll of TP from one window to another. and.. I haven't seem much traffic there with interested buyers in a while.Athenahttps://www.blogger.com/profile/15944962059749126687noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141281287957211512006-03-01T22:34:00.000-08:002006-03-01T22:34:00.000-08:00which street are the ones on that you are talking ...<I>which street are the ones on that you are talking about?</I><BR/><BR/>Athena, are we talking about the same place? I'm thinking either Napa or MacArthur <I>street</I> in Sonoma--those new, rather other-the-top homes. Not shoved together, if I recall. Nothing serious, we were just a little surprised by their scale.marine_explorerhttps://www.blogger.com/profile/03092782038855356359noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141279416605093332006-03-01T22:03:00.000-08:002006-03-01T22:03:00.000-08:00MV- I have seen that one too that is dead. BUt th...MV- I have seen that one too that is dead. BUt the 5th street cowpasture annex is also dead. Well, I take that back... one day two weekends ago I drove past and saw two people checking out the houses, except that I know for a fact they were just lookie loos because it was my daughter's grandmother and her great grandmother... and they are not buying... LOL<BR/><BR/>SFJack- Thanks for that link. I'm going to go read it now. Can you believe it? That place that pays me actually expected me to work today, and it definitely cut into my blog time! :-D <BR/><BR/>I actually like that the prices went up and up and up. Oh the Humanity is right, like when the Hindenberg came down, so will this blimp of a bubble. Considering the rising inventory, the fact that the last figures said only 7% of the population of Sonoma County could afford a home in the County when the median was only $614k... what are we down to now? <BR/><BR/>Are they waiting to see that 0% can afford to buy before recognizing they have depleted the flipping demand for their supply? <BR/><BR/>Makes you wonder about the ability for the average hockey puck to do simple math doesn't it?Athenahttps://www.blogger.com/profile/15944962059749126687noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141272174942527302006-03-01T20:02:00.000-08:002006-03-01T20:02:00.000-08:00One in particular I have driven by the last few we...<I> One in particular I have driven by the last few weekends and they have been dead dead dead with nobody walking around their developments and nobody but the agents there talking among themselves.</I><BR/> Are you talking about the future ghost town of Bel Terrino over on East Napa Street?moonvalleyhttps://www.blogger.com/profile/12058991195867052788noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141272024393764932006-03-01T20:00:00.000-08:002006-03-01T20:00:00.000-08:00Just wondering, how many of our fellow Sonomans wh...Just wondering, how many of our fellow Sonomans who are waiting for the spring to put their places on the market are going to think twice and not do so?<BR/> Will we see more for rent signs out there instead of for sale signs? What do you think?moonvalleyhttps://www.blogger.com/profile/12058991195867052788noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141269481847379972006-03-01T19:18:00.000-08:002006-03-01T19:18:00.000-08:00athena - Did you see today's CAR data?http://www.c...athena - <BR/><BR/>Did you see today's CAR data?<BR/><BR/>http://www.car.org/index.php?id=MzU5NjU<BR/><BR/>Or:<BR/><BR/>http://tinyurl.com/nlhmt<BR/><BR/>Notable year-over-year declines in Bay Area cities Cupertino, Mountain View, Burlingame (-21%) and San Rafael (-6%).<BR/><BR/>It's just the beginning.<BR/><BR/>Sonoma, however, went the other way... up, up, up over the past year.<BR/><BR/>That place up there is on fumes...!<BR/><BR/>"Oh, the humanity!"<BR/><BR/>"California’s 10 major communities with the greatest median home price increases in January 2006 vs. same period a year ago:<BR/><BR/>Sonoma, 78.2%<BR/>Atwater, 62.3%<BR/>Barstow, 59.1%<BR/>Sanger, 54%<BR/>Ridgecrest, 49.6%<BR/>Banning, 48.9%<BR/>Hesperia, 47.2%<BR/>Walnut, 46.9%<BR/>Lake Arrowhead, 45.9%<BR/>Upland, 45.1%."sf jackhttps://www.blogger.com/profile/03447317646441624382noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141260488040584452006-03-01T16:48:00.000-08:002006-03-01T16:48:00.000-08:00well reskeptic, I happen to know a bit about the N...well reskeptic, I happen to know a bit about the Napa area. Which mcmansions are you talking about? My hunch is you are talking about the ones in my mother's neighborhood! where they are practically right on top of each other affecting a ranch style architecture... but being about 7 inches apart (slight exageration)<BR/><BR/>which street are the ones on that you are talking about?Athenahttps://www.blogger.com/profile/15944962059749126687noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141254035631354522006-03-01T15:00:00.000-08:002006-03-01T15:00:00.000-08:00let me see what info I can find on that.Athena, th...<I>let me see what info I can find on that.</I><BR/><BR/>Athena, thanks! You seem pretty busy yourself, so if I come across any info, I'll be sure to pass it your way. <BR/><BR/>Btw, I'm sure you've seen that yupscale McMansion development...on Napa? (sorta forget) Admittedly, the homes look well-built, ok: overbuilt. Driving around, we were a bit amazed, and wondered how strong the market is for these homes...?marine_explorerhttps://www.blogger.com/profile/03092782038855356359noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141250557302119892006-03-01T14:02:00.000-08:002006-03-01T14:02:00.000-08:00LOL... I don't like to italicize really... I didn'...LOL... I don't like to italicize really... I didn't see that nifty little button to indent! Thanks Much!!! I will do an editing job on the blog this weekend.<BR/><BR/>Reskeptic... let me see what info I can find on that. There are a couple of new housing developments I can think of in Sonoma... it is difficult to build new stuff there, but there are some. One in particular I have driven by the last few weekends and they have been dead dead dead with nobody walking around their developments and nobody but the agents there talking among themselves.<BR/><BR/>I don't know what the spring will bring... my guess is more inventory. When we have a 5 month supply of homes in the first 2 months of the year, I can't help but think that is a harbinger of how much worse it might get.Athenahttps://www.blogger.com/profile/15944962059749126687noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141249856696220712006-03-01T13:50:00.000-08:002006-03-01T13:50:00.000-08:00athena -Being the goddess that you are I am sure y...athena -<BR/><BR/>Being the goddess that you are I am sure you already know this, but if you look at the rich text editor that Blogger provides for you when making a new post, there is a button in the button bar that looks like a big double quote. Highlighting your quoted text and then clicking that botton will indent the whole selection and further differentiate it from the rest of the post that is not quoted. <BR/><BR/>- Your humble servant.<BR/><BR/>PS - but then again, I like to italicize quotes too.Marinitehttps://www.blogger.com/profile/01778945220593425787noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141247728278179562006-03-01T13:15:00.000-08:002006-03-01T13:15:00.000-08:00Record warmth for much of the country kept constru...<I>Record warmth for much of the country kept construction crews busy and was expected to entice prospective buyers to come out to shop, economists said.</I><BR/><BR/>At cursory glance, the MLS listings are on the upside...gotta wonder how it will be in Spring? Speaking of new homes, does anyone have an idea of how many new Sonoma housing units are coming to market in spring/summer? Those could sure dampen the interest for resale homes in inventory spikes.marine_explorerhttps://www.blogger.com/profile/03092782038855356359noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141240802307230872006-03-01T11:20:00.000-08:002006-03-01T11:20:00.000-08:00thanks for the feedback! I will adjust the text.thanks for the feedback! I will adjust the text.Athenahttps://www.blogger.com/profile/15944962059749126687noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1141237084820158402006-03-01T10:18:00.000-08:002006-03-01T10:18:00.000-08:00I really like the blog. Keep up the good work!But...I really like the blog. Keep up the good work!<BR/><BR/>But can you please not italicize all the text? It is very hard to read.Anonymousnoreply@blogger.com