Saturday, December 16, 2006

Goin' to Hell in a Bucket

Former grateful dead retreat! (in the early 1970's). This is a very unique and private estate type lot on just over 1 acre of land (1.13 acres)in novato heights. Perfect opportunity to complete a major remodel and build your dream house. 2 story home currently undergoing major renovation. Already stripped and demo'd to the studs. Views, pool site, privacy, oaks, very unique.
So in other words, someone who "drank the koolaid", who fell hook, line, and sinker for all this pro-housing bunk, basically got caught with their pants down and are now trying to dump this loser POS on the next Greater Fool before they were able to even complete the desperately needed major renovation work. No doubt these sellers are singing to themselves “Every silver linings got a touch of grey...I will get by, I will get by, I will get by, I will survive.” But it seems to me, to paraphrase The Dead: "you're goin' to Hell in a bucket so enjoy the ride".

Thanks to the reader who found this one.

Sunday, December 10, 2006

Testing the Greater Fool Theory in Mill Valley

2 br 1 ba, built 1929 in Mill Valley along noisy E. Blithedale. $749,000. But don't worry because the listing agent assures us that it is quiet inside -- they never lie and they always have your best interest in mind. And if you don't buy it, some Greater Fool will so you better rush before prices drop any further.

How Stupid is the Average Marin Buyer?

You must see the inside to truly appreciate this cozy home!
That's because this place is a pit.

2 br 1 ba, 819 sq ft, built 1962 in San Rafael. Leave your brain in the dog dish, bring your $559,000, and this dump is all yours. Not sure? Just ask any Marin realtor; they'll tell you about how special we are, why this is really such an incredible place to raise the kids, and anything else you want to hear. That's the thing about Marin realtors, they kiss up so well. I predict that after they've been disintermediated they will all become therapists.