Comments on: “Real Estate and the 2nd Coming” http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/ Bite Me! Sat, 22 Nov 2008 11:18:12 +0000 http://wordpress.org/?v=2.6 By: Jeff W http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11287 Jeff W Sun, 27 Jan 2008 19:11:53 +0000 http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11287 I am thrilled that there are you out there that are not falling deeply into depression about the Kitsap real estate market. Yes the media and their bosses do the spin and misrepresent the truth in such ways that they should be ashamed. Kitsap County is growing big time. Lowels would not of built their new store in Port Orchard area is they thought we are doomed. What bothers me when we read about Kitsap County is how certain areas of Kitsap are rarely given exsposure . Areas like Harper, South Colby, Southworth. These are wonderful waterfront communities that few have any knowledge of but has lots to offer. Condo living is going to be costly and condo fees will be a continual rise but not in the community of Harper for Harper Cove is a residential community with wonderful people and wonderful homes. Not in developements where you must pay for increasing association fees but homes that belong to you and except for the gov. do not have a say with any desires of change , color, etc. Communities such as Harper are going to become even more rare for those who desire a freedom that developements and condos do not offer. Over a hundred million dollars has come into Port Orchard area, Manchester , and five more resturarnts are soon open. Developers and Business Investors are laying the ground work to rebuild Port Orchard into a mult purpose zone of stores and condos. There are inestment groups from Portland, Gig Harbor, and out of State that weaving the fiber of new developement. So down the future areas like Harper, South Colby, and Southworth will become even more quality living than it is presently. Once Manchester first Condo has sold off all their condos priced closed to a million bucks and because they have city sewage system , more will begin to pop up. Areas like Harper , Southworth, and South Colby are still on safe and good septics which means will retard such thoughts of condo life for years to come. Harper Esctuary is getting a face life, Harper Park is great with a baseball field and walking paths, Old Corneal rd. that runs along the waterfront is great for the walkers and animals. Harper fishing dock offers excitement for th fishermen. Yes I am surprised just how little attention our areas here get attention unless those who do know want to keep our area a secret for many seniors who have held the properties here are on the move so those who know want to have that leaverage of purchase. If Kitsap Property speak about areas to view they should be mentioning Harper Cove, South Colby and Southworth. I am thrilled that there are you out there that are not falling deeply into depression about the Kitsap real estate market. Yes the media and their bosses do the spin and misrepresent the truth in such ways that they should be ashamed.
Kitsap County is growing big time. Lowels would not of built their new store in Port Orchard area is they thought we are doomed.
What bothers me when we read about Kitsap County is how certain areas of Kitsap are rarely given exsposure . Areas like Harper, South Colby, Southworth. These are wonderful waterfront communities that few have any knowledge of but has lots to offer. Condo living is going to be costly and condo fees will be a continual rise but not in the community of Harper for Harper Cove is a residential community with wonderful people and wonderful homes. Not in developements where you must pay for increasing association fees but homes that belong to you and except for the gov. do not have a say with any desires of change , color, etc. Communities such as Harper are going to become even more rare for those who desire a freedom that developements and condos do not offer.
Over a hundred million dollars has come into Port Orchard area, Manchester , and five more resturarnts are soon open. Developers and Business Investors are laying the ground work to rebuild Port Orchard into a mult purpose zone of stores and condos. There are inestment groups from Portland, Gig Harbor, and out of State that weaving the fiber of new developement. So down the future areas like Harper, South Colby, and Southworth will become even more quality living than it is presently.
Once Manchester first Condo has sold off all their condos priced closed to a million bucks and because they have city sewage system , more will begin to pop up.
Areas like Harper , Southworth, and South Colby are still on safe and good septics which means will retard such thoughts of condo life for years to come.
Harper Esctuary is getting a face life, Harper Park is great with a baseball field and walking paths, Old Corneal rd. that runs along the waterfront is great for the walkers and animals. Harper fishing dock offers excitement for th fishermen. Yes I am surprised just how little attention our areas here get attention unless those who do know want to keep our area a secret for many seniors who have held the properties here are on the move so those who know want to have that leaverage of purchase.
If Kitsap Property speak about areas to view they should be mentioning Harper Cove, South Colby and Southworth.

]]> By: Ricardo Bueno http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11262 Ricardo Bueno Sun, 20 Jan 2008 06:59:11 +0000 http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11262 Rich, No need to apologize..I mean it "was" the holidays! I absolutely loved Seattle! To be honest, it's my kind of weather. Nothing like the weather here in Los Angeles! But alas my girlfriend says "we're not moving!" We were in for the week and drove up to Vancouver where I found more great weather. All in all, the trip was great! I hope to post some pictures later, maybe on Active Rain or my home blog. Till next time! RB Rich,

No need to apologize..I mean it “was” the holidays!

I absolutely loved Seattle! To be honest, it’s my kind of weather. Nothing like the weather here in Los Angeles! But alas my girlfriend says “we’re not moving!”

We were in for the week and drove up to Vancouver where I found more great weather. All in all, the trip was great! I hope to post some pictures later, maybe on Active Rain or my home blog.

Till next time!
RB

]]> By: Marty Van Diest http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11244 Marty Van Diest Wed, 16 Jan 2008 16:06:55 +0000 http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11244 Great Post Rich, and also a good discussion. I made similar observations on my blog recently when I had the nerve to make predictions about 2008. Our Alaska economy is still putting right along, and real estate is following right behind. The Matanuska Valley is a bedroom community in the state so our real estate activity follows the state,s economy. But, we are in a global economy and Alaska is a tiny microcosm of it. It's hard to believe, but true that if the national or global economy gets sick...we will "feel the pain". Great Post Rich, and also a good discussion.

I made similar observations on my blog recently when I had the nerve to make predictions about 2008. Our Alaska economy is still putting right along, and real estate is following right behind. The Matanuska Valley is a bedroom community in the state so our real estate activity follows the state,s economy.

But, we are in a global economy and Alaska is a tiny microcosm of it. It’s hard to believe, but true that if the national or global economy gets sick…we will “feel the pain”.

]]> By: Sparky http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11239 Sparky Tue, 15 Jan 2008 21:48:23 +0000 http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11239 I think ALL of us get into trouble when we start to venture outside the realm of our chosen discipline(s). I'll let YOU fly the planes, and I'll be the home matchmaker. Thanks for assigning us 'some' semblance of value. I think ALL of us get into trouble when we start to venture outside the realm of our chosen discipline(s). I’ll let YOU fly the planes, and I’ll be the home matchmaker. Thanks for assigning us ’some’ semblance of value.

]]> By: Official SBB Devil's Advocate http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11236 Official SBB Devil's Advocate Tue, 15 Jan 2008 18:17:55 +0000 http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11236 I think RE agents are valuable for knowing their current market, and being able to match houses with buyers. I think that RE agents get themselves into trouble when they start forecasting and dishing out financial advice without understanding anything beyond their immediate market. It's one thing to 'talk your book,' but another to do what you are ill-equipped to perform. I think RE agents are valuable for knowing their current market, and being able to match houses with buyers.

I think that RE agents get themselves into trouble when they start forecasting and dishing out financial advice without understanding anything beyond their immediate market. It’s one thing to ‘talk your book,’ but another to do what you are ill-equipped to perform.

]]> By: Rich Jacobson http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11234 Rich Jacobson Mon, 14 Jan 2008 23:34:35 +0000 http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11234 Ricardo: thanks for stopping by! I apologize for not returning your call during the Christmas Holidays. How was your visit to Seattle? I hope we have the opportunity again in the near future! Ricardo: thanks for stopping by! I apologize for not returning your call during the Christmas Holidays. How was your visit to Seattle? I hope we have the opportunity again in the near future!

]]> By: Sparky http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11233 Sparky Mon, 14 Jan 2008 23:20:05 +0000 http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11233 Dear OSBBDA, Their intentions are honorable, and not necessarily self-delusional. There is truth resident in both of your views. You obviously provide a much larger 'Big Picture' approach, which, unfortunately, is rather lacking within our industry. They teach us how to 'fill-in' the blanks and practice RE law without really practicing law. We pride ourselves on knowing our respective markets intimately by spouting off 'Days-on-Market' and 'Absorption Rates.' And a good many of us are genuinely committed to representing our client's best interests above our own. But the majority of our rank & file do not understand the undercurrents of what drives and affects the 'Big Picture' of real estate. If we truly endeavor to professionally counsel our clients accordingly, a grasp of even just the basics of global economics would benefit the process tremendously. Your views and perspective are welcomed here, and could certainly balance our delusions. Uncle Sparky Dear OSBBDA,

Their intentions are honorable, and not necessarily self-delusional. There is truth resident in both of your views. You obviously provide a much larger ‘Big Picture’ approach, which, unfortunately, is rather lacking within our industry. They teach us how to ‘fill-in’ the blanks and practice RE law without really practicing law. We pride ourselves on knowing our respective markets intimately by spouting off ‘Days-on-Market’ and ‘Absorption Rates.’ And a good many of us are genuinely committed to representing our client’s best interests above our own. But the majority of our rank & file do not understand the undercurrents of what drives and affects the ‘Big Picture’ of real estate. If we truly endeavor to professionally counsel our clients accordingly, a grasp of even just the basics of global economics would benefit the process tremendously.

Your views and perspective are welcomed here, and could certainly balance our delusions.

Uncle Sparky

]]> By: Official SBB Devil's Advocate http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11232 Official SBB Devil's Advocate Mon, 14 Jan 2008 22:21:57 +0000 http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11232 <blockquote>“Real estate is a local business, driven by local buyers and sellers, and best served by local professionals.”</blockquote> ...and supported and financed by global credit markets. The seemingly intentional self-delusion in these matters is simply mindblowing. I went to a blog of a big, Eastside RE agent 11 months ago (before it started) and told her that I smell a banking crisis, and that RE will take it on the chin because of that. Her answer? "I don't give a RA about banking. This is about real estate." This is now a running joke between the two of us.

“Real estate is a local business, driven by local buyers and sellers, and best served by local professionals.”

…and supported and financed by global credit markets.

The seemingly intentional self-delusion in these matters is simply mindblowing.

I went to a blog of a big, Eastside RE agent 11 months ago (before it started) and told her that I smell a banking crisis, and that RE will take it on the chin because of that.

Her answer? “I don’t give a RA about banking. This is about real estate.”

This is now a running joke between the two of us.

]]> By: Ricardo Bueno http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11231 Ricardo Bueno Mon, 14 Jan 2008 21:15:22 +0000 http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11231 Sparky, I couldn't agree with you more! I believe it was Gary Keller who phrased it ever so eloquently: "Real estate is a local business, driven by local buyers and sellers, and best served by local professionals." -- Gary Keller, Founder, Keller Williams Realty Sparky,

I couldn’t agree with you more! I believe it was Gary Keller who phrased it ever so eloquently:

“Real estate is a local business, driven by local buyers and sellers, and best served by local professionals.”
– Gary Keller, Founder, Keller Williams Realty

]]> By: synthetik http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11227 synthetik Mon, 14 Jan 2008 06:15:43 +0000 http://soundbiteblog.com/2008/01/09/real-estate-and-the-2nd-coming/#comment-11227 Wow. I'm shocked. I thought that by now it would be clearly understood that home prices were going to fall everywhere - even in Kitsap. I don't think it'll be as bad as Detroit, Miami, Las Vegas, etc... but I can easily envision 50-70% drops from the peak in 2006. Deflation is a bitch. Wow. I’m shocked.

I thought that by now it would be clearly understood that home prices were going to fall everywhere - even in Kitsap.

I don’t think it’ll be as bad as Detroit, Miami, Las Vegas, etc… but I can easily envision 50-70% drops from the peak in 2006.

Deflation is a bitch.

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