tag:blogger.com,1999:blog-20392067.post115513886396930245..comments2023-06-23T05:37:00.555-07:00Comments on Clearcut Bainbridge: June Price Update: Bainbridge Average Up, Median DownEleuahttp://www.blogger.com/profile/08248482892459370601noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-20392067.post-1158611637085008262006-09-18T13:33:00.000-07:002006-09-18T13:33:00.000-07:00newtoislandlife,I don't think I understand your po...newtoislandlife,<BR/><BR/>I don't think I understand your post. I don't think that every X-Cal comes here to flip a piece of pretentious, bucolic, paradise. <BR/><BR/>I do beleive that the X-Cals that are here are here because California is FUBAR. My point is they are FUBARing this place. Cultural habits are not constrained by lines on a map; they travel with the people. This is why I think Eleuahttps://www.blogger.com/profile/08248482892459370601noreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1156375626561600412006-08-23T16:27:00.000-07:002006-08-23T16:27:00.000-07:00Your concept of Marin POS is just priceless (no pu...<I>Your concept of Marin POS is just priceless (no pun intended)</I><BR/><BR/>Hey, thanks...but the real credit goes to Marinite, the guy who runs the Marin blogs.<BR/>I contribute once and a while, with a few PoS posts and notes on Marin geology/flooding conditions. (as I live on the bay).<BR/><BR/>EPA: you're right--people are trying to yuppifie the place; they've even built an IKEA and a big marine_explorerhttps://www.blogger.com/profile/03092782038855356359noreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1156306423980634942006-08-22T21:13:00.000-07:002006-08-22T21:13:00.000-07:00early 90s. Her gardener was a 300# - all muscle - ...early 90s. Her gardener was a 300# - all muscle - Samoan, who lived in EPA.<BR/><BR/>He told us that he needed to move to Mountain View, because - in his words - "there are more white people." (actually, there are more Japanese/Koreans/Chinese)<BR/><BR/>Apparently, he, his wife, and their 5 kids were in their 2 bedroom apartment in EPA, and taking in an evening of TV, when 4 diverse youth Eleuahttps://www.blogger.com/profile/08248482892459370601noreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1156306019056236092006-08-22T21:06:00.000-07:002006-08-22T21:06:00.000-07:00marin,I LOVE YOUR BLOGS!!!Your concept of Marin PO...marin,<BR/><BR/>I LOVE YOUR BLOGS!!!<BR/><BR/>Your concept of Marin POS is just priceless (no pun intended). I have thought about bringing that concept to Bainbridge Island, or as I refer to it, The 59th County of California.<BR/><BR/>I can understand when most of Marin, San Mateo, and Central Co-Co Counties sell higher than nice neighborhoods everywhere else. However, I fear that abject Eleuahttps://www.blogger.com/profile/08248482892459370601noreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1156302808698483622006-08-22T20:13:00.000-07:002006-08-22T20:13:00.000-07:00When East Palo Alto, California is just as expensi...<I><BR/>When East Palo Alto, California is just as expensive as Bainbridge Island, Washington, is anyone surprised that California money is very capable of floating our market?</I><BR/><BR/>After looking through BI listings, I think EPA is in fact <B>more</B>--at least in better parts. People have totally lost <I>any</I> sense of value w/Peninsula RE, where old 2BR tracts often clear $1M. It's marine_explorerhttps://www.blogger.com/profile/03092782038855356359noreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1156286585276066282006-08-22T15:43:00.000-07:002006-08-22T15:43:00.000-07:00If the median household income is between $70K/yr ...If the median household income is between $70K/yr and $75K/yr, how do we float a $600K average house?<BR/><BR/>The way that is done is with equity buy-down.<BR/><BR/>When East Palo Alto, California is just as expensive as Bainbridge Island, Washington, is anyone surprised that California money is very capable of floating our market?<BR/><BR/>We are in an "echo-bubble" of California. Just as Eleuahttps://www.blogger.com/profile/08248482892459370601noreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1156285119013884562006-08-22T15:18:00.000-07:002006-08-22T15:18:00.000-07:00Fair enough.I was born and raised here (late 60s)....Fair enough.<BR/><BR/>I was born and raised here (late 60s). My mom and grandparents lived here as early as the early 50s. 12 of my 16 great-great grandparents lived Washington - primarily the Olympic and Kitsap peninsulas.<BR/><BR/>Mrs. E is a Californian, and she is a first generation American from England.<BR/><BR/>I went to college in California, and then joined the Navy. I spent almost two Eleuahttps://www.blogger.com/profile/08248482892459370601noreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1156277969974321422006-08-22T13:19:00.000-07:002006-08-22T13:19:00.000-07:00Eleua-Just an observation, take it for what you wi...Eleua-<BR/><BR/>Just an observation, take it for what you will. I too see you throwing "Californian" around with a somewhat pejorative usage.<BR/>Perhaps that's what people are reacting to: a little too much "us vs. them" in your content. <BR/><BR/>So, for the record, how long have you resided on BI? Or conversely: where are you originally from?<BR/><BR/>Perhaps CA has been a big player in this Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1156144741652605452006-08-21T00:19:00.000-07:002006-08-21T00:19:00.000-07:00OK,Just how would you get a "fact" of how many peo...OK,<BR/><BR/>Just how would you get a "fact" of how many people move from California? How?<BR/><BR/>Conduct a poll at every closing?<BR/><BR/>Does the government keep such stats?<BR/><BR/>What do you think is the most reliable, and easily accessible source for such information? How about 4 BI RE agents with a combined 70 years of experience, with 3 of the 4 working for the largest two agencies onEleuahttps://www.blogger.com/profile/08248482892459370601noreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1156128951998090212006-08-20T19:55:00.000-07:002006-08-20T19:55:00.000-07:00That our winters are wet is established fact - it ...That our winters are wet is established fact - it can be looked up. It has nothing to do with proximity to the "Aelution" [sic] Islands but never mind.<BR/><BR/>Comparing documented fact with "4 RE agents I trust say..." is unreasonable. Your "California equity money is the SINGLE BIGGEST PLAYER in our market" seems to fall somewhere between folklore and urban legend.<BR/><BR/>And talking about "Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1156113183871687632006-08-20T15:33:00.000-07:002006-08-20T15:33:00.000-07:00I don't have any rock-hard data on the percentage ...I don't have any rock-hard data on the percentage of new BI buyers that come from California. <BR/><BR/>I do have 4 different RE agents that I trust, and see this housing bubble for what it is. All four say that 60% of buyers are out-of-state.<BR/><BR/>Of those, the 4 RE agents say that anywhere from 1/2 to 3/4 are from California.<BR/><BR/>That equates to 30% to 45% of BI buyers are Eleuahttps://www.blogger.com/profile/08248482892459370601noreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1156103203568244482006-08-20T12:46:00.000-07:002006-08-20T12:46:00.000-07:00What % of new Bainbridge Island residents last res...What % of new Bainbridge Island residents last residence was California? How does this compare to other parts of Puget Sound? Do you have any data on this or are you handwaving? Your point about the consequences to Bainbridge Island real estate values of a CA value inversion totally depends on how factual a "California invasion" is.<BR/><BR/>OK, yes, I was California born but I'm only 25% of the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1155619104792291172006-08-14T22:18:00.000-07:002006-08-14T22:18:00.000-07:00OK, who are you?Yes, things are coming my way, but...OK, who are you?<BR/><BR/>Yes, things are coming my way, but they have not arrived yet. Give it some time.<BR/><BR/>What prompted the diversity comment?Eleuahttps://www.blogger.com/profile/08248482892459370601noreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1155612995111507242006-08-14T20:36:00.000-07:002006-08-14T20:36:00.000-07:00Hey, sailor. I honestly think you are one crazy du...Hey, sailor. I honestly think you are one crazy dude, but whatever.<BR/><BR/>Here is a $.01 of a thought:<BR/><BR/>Watch out Eastside's new home sites. 1. Seen more than one new home finished and unsold. These are $799,000 to $1,200,000 babies. <BR/><BR/>2. Open houses not hugely populated on Saturday afternoons (don't know, may be they all get up early and go, who knows).<BR/><BR/>3. Builders Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1155532542637968172006-08-13T22:15:00.000-07:002006-08-13T22:15:00.000-07:00Well said.My wife and I were discussing this very ...Well said.<BR/><BR/>My wife and I were discussing this very thing this morning. We were wondering what the break in the market will look like. At first, she envisioned a slow, relentless leak (ala Japan), but after looking at the various factors holding this market up, it looks like it will be a catastrophic break.<BR/><BR/>The first markets to turn are falling into a relatively healthy economyEleuahttps://www.blogger.com/profile/08248482892459370601noreply@blogger.comtag:blogger.com,1999:blog-20392067.post-1155328672337012502006-08-11T13:37:00.000-07:002006-08-11T13:37:00.000-07:00"getting in while you can" only works if you're pl..."getting in while you can" only works if you're planning to get out while you can.Anonymousnoreply@blogger.com