China Basin on a beautiful still winter night
Thursday, February 21, 2008
Locked Out 2008: The Housing Boom and Beyond
http://www.cbp.org/pdfs/2008/080212_LockedoutReport.pdf
California Budget Project
The CBP was founded in 1994 to provide Californians with
a source of timely, objective, and accessible expertise on
state fiscal and economic policy issues. The CBP engages in
independent fi scal and policy analysis and public education
with the goal of improving public policies affecting the
economic and social well-being of low- and middle-income
Californians.
This is a 55 page report on what the heck is happening in California when it comes to housing for the majority of Californians.
As I sell homes for people in this demographic I'm all too aware of the concerns of my clients at this time.
I'm a realtor who has served the needs of home buyers and sellers in the middle and working class neighborhoods of San Francisco for over 20 years and have made so many friends from the clients I've met and enjoyed helping so many people working in these neighborhoods.
Now, as a result of this down turn in the housing market in these areas, it makes me wonder about the economic and social well-being of upper income Californians.
Can I ask you a question? What do you think...should I abandon working in the Sunset, Excelsior and Daly City and concentrate my efforts on Pacific Heights?
I don't think I will. But the Who's great, GREAT song does come to mind when I think about the middle and lower middle class in the state of California...."WE DON'T GET FOOLED AGAIN!"
California Budget Project
The CBP was founded in 1994 to provide Californians with
a source of timely, objective, and accessible expertise on
state fiscal and economic policy issues. The CBP engages in
independent fi scal and policy analysis and public education
with the goal of improving public policies affecting the
economic and social well-being of low- and middle-income
Californians.
This is a 55 page report on what the heck is happening in California when it comes to housing for the majority of Californians.
As I sell homes for people in this demographic I'm all too aware of the concerns of my clients at this time.
I'm a realtor who has served the needs of home buyers and sellers in the middle and working class neighborhoods of San Francisco for over 20 years and have made so many friends from the clients I've met and enjoyed helping so many people working in these neighborhoods.
Now, as a result of this down turn in the housing market in these areas, it makes me wonder about the economic and social well-being of upper income Californians.
Can I ask you a question? What do you think...should I abandon working in the Sunset, Excelsior and Daly City and concentrate my efforts on Pacific Heights?
I don't think I will. But the Who's great, GREAT song does come to mind when I think about the middle and lower middle class in the state of California...."WE DON'T GET FOOLED AGAIN!"
Sunday, February 10, 2008
Short Sale
I have a listing @ 3112 San Bruno Avenue that's a short sale. That's a sale in which the value of the property is less than the amount of the mortgages the owner owes. The owner can no longer afford to pay the mortgage, so we find a buyer willing to pay the current market value and ususaly the mortgage holder will accept a sale in which they receive less than what they are owed. Buy the lender prefers to get less than what they are owed than have to foreclose and take the home back and re sell the home at a later date.
For information on the property please check my website: www.DavidKleinSF.com
For information on the property please check my website: www.DavidKleinSF.com
Thursday, February 7, 2008
Condo Coversion
What's all the buzz about condo conversion you hear these days? Chinese new year and condo conversion lottery are the big events in San Francisco in early February. Chinese New Year - a great, great tradition for everyone to enjoy. Condo conversion lottery - just part of this insane matrix of issues that makes up the San Francisco housing market - full of winners and losers. Well, I've got to get to work and try to find some winners! Read all about condo conversion hear and here's wishing that you're a big winner too!
http://www.andysirkin.com/HTMLArticle.cfm?Article=2
http://www.andysirkin.com/HTMLArticle.cfm?Article=2
Friday, February 1, 2008
Rainy Night
I shot this image with my Nikon D70 digital SLR camera from inside my car sitting facing west on Gellert in the middle of the street (late in the evening with no traffic coming up from behind me) just past the corner of Callan. This is on top of a hill at the south west corner of the Serramonte shopping center. My camera lens is set at 70mm which is zoomed in pretty tight, looking at the street in front of me. What you see are the street and car lights reflected on the wet street. The exposure time is half a second, with the f stop set at 4.5, which allows in a lot of light (the lower the f stop, the greater amount of light that comes through the lens opening). The camera didn't record the film speed rating (this is the sensitivity to light) and neither did I, but I think this was set at around 200 or 250. The lower the film spped, the lower sensitivity to light but the less amount of grain. This image was cropped into a square composition, brightened and sharpened a bit, but there is no other manipulation of the image. It's a beautiful image on a rainy night in Daly City.
Investment
San Francisco and northern San Mateo county is one of the most spectacular places to live in the entire world. And along with that spectacular setting comes a whole host of issues involved with the price of real estate. I encounter so many people in my work as a Realtor here who work full time or are retired and do not want to take on stressful work but would like greater monthly income who
1. Already own real estate in the Bay Area, either as their residence and/or rental property and would like to buy more investment property to improve their particular financial situation
2. Rent a home as their residence and would like to own real estate.
BUT (the big BUT), the cost is too high to buy here in the better areas and are not interested in buying in the less desireable areas.
So...why not consider buying real estate in this amazing place across the Bridges called: The United States of America. It's a great place!! They speak English and use the dollar. Lots of educated folks willing to pay great rent for a decent home in nice, middle to upper middle class neighborhoods. And there are places in the United States that are still appreciating in value.
I recently learned of a firm that specializes in helping investors buy residential investment property in Portland and Seattle. I was impressed with their presentation and would highly recommend them to any property owner with poorly performing residential property here in SF or northern San Mateo county....or someone paying reasonable rent for a great place in the City and would like to stay put but would like to own real estate as an investment.
http://www.siffinvestment.com/
A fellow realtor I know has recently started an investment company specializing in the cities of Tulsa Oklahama and Kansas City Missouri. These also look like great cities to invest in.
http://www.cadenceinvestment.com/
And I also recommend
http://northpointgroup.com/
Which has information on many locations throughout the United States.
Feel free to contact me directly for more information on these companies and if you contact them directly please let them know that I sent you. And PLEASE, if you are interested in buying a residence or investment property, or are considering selling your residence or investment property here in the City or northern San Mateo County. give me a jingle and I'll work my magic for you!
1. Already own real estate in the Bay Area, either as their residence and/or rental property and would like to buy more investment property to improve their particular financial situation
2. Rent a home as their residence and would like to own real estate.
BUT (the big BUT), the cost is too high to buy here in the better areas and are not interested in buying in the less desireable areas.
So...why not consider buying real estate in this amazing place across the Bridges called: The United States of America. It's a great place!! They speak English and use the dollar. Lots of educated folks willing to pay great rent for a decent home in nice, middle to upper middle class neighborhoods. And there are places in the United States that are still appreciating in value.
I recently learned of a firm that specializes in helping investors buy residential investment property in Portland and Seattle. I was impressed with their presentation and would highly recommend them to any property owner with poorly performing residential property here in SF or northern San Mateo county....or someone paying reasonable rent for a great place in the City and would like to stay put but would like to own real estate as an investment.
http://www.siffinvestment.com/
A fellow realtor I know has recently started an investment company specializing in the cities of Tulsa Oklahama and Kansas City Missouri. These also look like great cities to invest in.
http://www.cadenceinvestment.com/
And I also recommend
http://northpointgroup.com/
Which has information on many locations throughout the United States.
Feel free to contact me directly for more information on these companies and if you contact them directly please let them know that I sent you. And PLEASE, if you are interested in buying a residence or investment property, or are considering selling your residence or investment property here in the City or northern San Mateo County. give me a jingle and I'll work my magic for you!
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