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’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.
Last year, it looked like interest rates were going to start a sensational bull market of their own. It’s quite clear they’ve utterly sputtered. Just look at what’s happened with interest rates: a nice bullish base, and then, zilch.
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.
