tag:blogger.com,1999:blog-33255068.post5037680448351620167..comments2023-11-02T05:18:21.296-07:00Comments on Bakersfield Bubble: DELUSION DRIVEBakersfield Bubblehttp://www.blogger.com/profile/12663275045022347451noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-33255068.post-24718938833360704092007-12-28T18:56:00.000-08:002007-12-28T18:56:00.000-08:00aw lets get rich flipping some houses dude ..aw lets get rich flipping some houses dude ..FresnoSAhttps://www.blogger.com/profile/00776278454797632309noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-51987530464772597952007-12-22T13:06:00.000-08:002007-12-22T13:06:00.000-08:00[i]I think they should raise the price! I sold my ...[i]I think they should raise the price! I sold my home early last year for $220/sf. Then again that was last year.[/i]<BR/><BR/>Who's analysisguy? Alan Greenspan?<BR/><BR/>Funny you say that, as I remember earlier in the year when Alan said the subprime collapse wouldn't be a problem if only prices continued to jump up another 10%! That's the sure sign of the daddy of the bubble, trying to defend the infant terrible.<BR/><BR/>Speaking of bubbles, I was surprised to see a "get rich in real estate" training infomercial being offered by John Grasinski on KBAK Channel 29. The show had all the cliches, complete with guys wearing tacky Hawaiian shirts (one guy was shown wearing FOUR different shirts!).<BR/><BR/>Funny thing, though: notice the dates on the checks documenting the wealth created by their real estate dealings, and all the checks are dated from 2005/2006! So these people sold before the bubble started to collapse. I dare say it was easier to flip a pre-foreclosure in 2005 than in 2008!<BR/><BR/>Guess you can't blame the guy for trying to sell his educational materials before they're completely worthless (he even looks like our boy wonder David Crisp).Adamhttps://www.blogger.com/profile/04160464820062943012noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-73118736979429011722007-12-21T19:09:00.000-08:002007-12-21T19:09:00.000-08:00A buck is the norm now 4 bits soonA buck is the norm now 4 bits soonRealestateslasherhttps://www.blogger.com/profile/17951400717155909509noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-90120800237942566112007-12-21T13:29:00.000-08:002007-12-21T13:29:00.000-08:00I think they should raise the price! I sold my ho...I think they should raise the price! I sold my home early last year for $220/sf. Then again that was last year.<BR/><BR/>I can't wait for $66/sf again - okay maybe not - but is $80/sf possible?AnalysisGuyhttps://www.blogger.com/profile/13137333637279132835noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-23830230116644065812007-12-21T13:19:00.000-08:002007-12-21T13:19:00.000-08:00hankmeister-You are probably correct that we will ...hankmeister-<BR/><BR/>You are probably correct that we will not get back to 1999 prices, but I could see us at 2002 levels. <BR/>That would place this home at around $160k-$170k, no where near the $288k asking priceBakersfield Bubblehttps://www.blogger.com/profile/12663275045022347451noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-6538398859032232232007-12-21T13:14:00.001-08:002007-12-21T13:14:00.001-08:00Awesome! I didn't even realize the markup they ha...Awesome! I didn't even realize the markup they had it at. That's crazy in this market.WaitingToBuyhttps://www.blogger.com/profile/12690998933095461105noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-62657812590517019242007-12-21T13:14:00.000-08:002007-12-21T13:14:00.000-08:00As bad as things are I doubt we're at $66.50 a sq ...As bad as things are I doubt we're at $66.50 a sq ft.hankmeisterhttps://www.blogger.com/profile/10861974954302854755noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-76423594569751560272007-12-21T11:31:00.000-08:002007-12-21T11:31:00.000-08:00Agree on the BAC short! Multiply this scenario by ...Agree on the BAC short! Multiply this scenario by several thousand...<BR/><BR/>(this does not constitue investments advice, please invest on your own, etc...)Bakersfield Bubblehttps://www.blogger.com/profile/12663275045022347451noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-2287516066047111392007-12-21T11:00:00.000-08:002007-12-21T11:00:00.000-08:00Delusional is right! Hah, this makes me want to s...Delusional is right! Hah, this makes me want to short BAC, as that level of delusion seems hard to justify in the face of current conditions...Adamhttps://www.blogger.com/profile/04160464820062943012noreply@blogger.com