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.

Five Thousand a Foot

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It’s been a while since I’ve written a Crazy Palo Alto Real Estate post. However, I just saw an ad in our little local paper that compelled me to take keyboard in hand and offer you the latest tidbit from my fair city.

I present to you the following house: it’s a pleasant place, about 3,000 square feet and on a 2/3rds of an acre lot. In many parts of the country, that’s a postage stamp, but in Palo Alto, it’s “park-like.” Take a moment to drink in this property. As I say, pleasant enough, but not exactly spectacular.

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US Real Estate Sector Nosedive

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Note from Tim: I realize today’s an all-green day, but I wanted to share this post from SB in any event, since the big picture hasn’t changed.

Further to my post of December 17, the percentage of S&P Real Estate stocks above their 200-day moving average has dropped below 50% to 37.5% (as of Friday’s close), as shown on the following graphic. At 50% on that date, it was the “last man standing,” apart from Utilities.

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Palo Alto Puts

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Here in my hometown of Palo Alto, the fervor about real estate is definitely gone. A couple of years ago, it was absolutely manic (see chart below, which you can see yourself in SlopeCharts with the symbol $PALO). Chinese buyers were paying all cash. Facebook and Google employees were trying to outbid each other on single family homes. And lucky ducks like me who bought in 1991 had to smirk at how the values kept lurching ever-higher. Not anymore.

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