For a price not much higher than that of the Six Million Dollar Man, you can come hang with me here in drought-sticken Palo Alto! In this morning’s paper, there is a property featured in my neighborhood for the low, low price of $6.5 million, which is a cinch if you happen to be one of Facebook’s earlier employees. And the lot size – simply massive – a full .172 of an acre (and I am not making that figure up – less than one-fifth of a single acre). Must be pretty magnificent building, though, eh? Here ya go! (more…)
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.
Demolish the Homebuilders
There are a slew of ETFs which look to me like beautiful bull traps; in other words, the bidding-up that took place on Friday and today is simply pushing them unwittingly into the fierce maw of the ursine set. One fine example is the homebuilders ETF, shown below, whose horizontal I’ve put at the price level $30.97.
There Go the Homebuilders……..
Real Estate Recency Bias
If there’s one sweet job to have — besides being a Goldman banker – – it’s Palo Alto real estate agent (at least a top-tier one). These days, just toss an ad into the Palo Alto Daily Post, and, voila, multiple above-market offers, of which you get a healthy percentage. The winningest realtor in town these days in Ken DeLeon, who is (not surprisingly) given editorial space on a regular basis in the paper in which he advertises regularly so he can share his (cough cough) objective view on where real estate is headed. His conclusions, of course, tend to suggest everlasting upside.
My Town’s Transformation
I’ve lived in Palo Alto since the summer of 1984 (it only just occurred to me typing these words that this is my 30th anniversary here – maybe I should get a cake or something). Think about how much the world has changed since then; in 1984: (more…)
