A few folks on the blog are irked that I dare keep posting short ideas, since the market just keeps going up. OK, OK, here’s a good long idea – Host Hotels & Resorts, which has a very clean breakout above a descending trendline. Sheesh!
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
I Can’t Afford to Live Here
The last time I remember the real estate market in my area being so frenetic wasn’t in 2007, at the peak of the housing bubble, but more like 1999, as the Internet bubble was still swelling. There was a lack of housing supply, and realtors would be pestering homeowners constantly about whether or not they wanted to sell their house. Some shrewd ones took the offer and got out (one friend of mine accepted the obscene amount paid for his house and went to Southern California to start a winery). (more…)
Long-Term Double-Top on Real Estate
Palo Alto Real Estate
A good friend of mine who, among other things, sells real estate in my little town, mentioned to me in an email this morning that prices had gone “stratospheric.” I’d like to offer you a sample of what he means in a full-color, full-page ad I tore out from this morning’s Palo Alto Daily Post.
I present to you what you can get for $2 million in Palo Alto (truth to tell, it’ll probably go for a meaningful amount over the asking price):
IYR: Looking in the (Bearish) Mirror
Is the Fed's plan to boost real estate values about to go awry…?
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