SFnewsletter Week ending Feb. 11, 2005

Dear Friends: ****Interested in purchasing, refinancing or building real estate wealth? Call me today for a complimentary in depth evaluation(WOW service, best rates and fast response times). Ed Diaz, your Wealth Building direct lender with over 18 years of finance experience. (415)573-6472.**** _____ Hello and welcome to the newest members of the list. To opt-out, either email me at sfnewsletter@gmail.com, or click on the "unsubscribe" button below. If you know anyone who would like to be added to this distribution, they must opt-in by emailing me. Most importantly, don't forget to click on the "New on Market", and "Sold" reports below. They are what make this newsletter tick.* $____ Market Update: Did you see the article in the San Francisco Chronicle yesterday about the housing bubble? Is the market going to pop? Who the heck knows? If someone tells you they know, make sure you don't get directions from them, because they are lost. Everyone likes to predict. Why? So if they are right, they can brag about it. If they are wrong, nobody will remember. Remember what I always say. Unless it is an article specifically about San Francisco, and this article was pretty close, take it with a grain of salt. But the fact is, nobody knows what the San Francisco Real Estate market is going to do. So just go with the flow. Oh...the market is hot. (Yes, John P., I still think it is hot.) $$___ Maximum Overbid(TM) of the week**: I'm going strictly off the numbers today, because I never saw this place. Let me build a little suspense. Here is the description written in MLS, "RH2 lot with 2 vacant units in poor condition. Each unit is one bedroom..." Poor condition?! Better jump on it! 4591-4593 18th Street, in Eureka Valley, asking $749,000 sold for $1,025,000. Here's a link to the property description: $$$___ Comparison Shopping: What can you get for $1,025,000 in Reno, Nevada? Well I found something for $1,029,900. Pretty close. But if you want to buy this house you have to call THE best Realtor in Reno, Irmin Clark 775-825-1178 (lots of home-cooked meals for me for this one, ma!). Here's a link to the description and Virtual Tour: $$$$___ My Thoughts: You know the weather this summer is going to be extra awful, since we are having such a nice winter. Mark Twain should have said, "My warmest summer was a winter in San Francisco." How can you predict a housing bubble in San Francisco, if you can't even predict the weather?! Happy Aloha Friday! alex New on Market Report: link SOLD 01/28/05-02/10/05: link SOLD 01/14/05-01/27/05: link