My real estate shorts are doing well. This is because interest rates are going up due to bonds going down………..

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My real estate shorts are doing well. This is because interest rates are going up due to bonds going down………..

Here are a couple of real estate shorts from my portfolio I wanted to share:

I’ve lived in Palo Alto since 1984. The local papers around here (the Palo Alto Weekly and the Daily News) are funded almost entirely through ads for real estate, so it’s pretty easy to keep one’s pulse on real estate by way of how many ads there are, how large they are, and what they emphasize. I will say, however, that in the past 35 years, I have never witnessed two particular words of the English language until now.

Yesterday morning I published a post about how my house had lost a million dollars in value recently (and bemoaned how equities can’t seem to ape the same weakness). Once again, Slope scoops the mainstream media, as this was on this morning’s front page of the newspaper:

I find this amusing in a gallows humor kind of way, but I took a glance at Zillow and found that my house is down a million bucks from its peak.
