No doubt if you read SF Gate you already saw or read the latest headline about the average home in the Bay Area appreciating 21% in the last 12 months, meaning that many people made more money just sitting on their coach watching TV than they did at their full time job. And to top it all off, SF Gate also had a column about the "pre-emptive offer" strategy that many buyers are resorting to. See a house you like? Why wait for the open house? Just make an offer the seller can't refuse before anyone else has a chance to see it.
What's next? See a house you like? Why wait for the owner to put it up for sale? Just walk up to the front door with a suitcase full of cash.
It's funny, because its true. Just you wait and see.
But it hasn't quite reached the crazy levels of Tokyo where they still advertise millon dollar condos on poor quality copies that they staple up on telephone poles and in order to afford said condos, the bank will sell you a 40 year mortgage bundled with life insurance because you'll most likely expire before paying the thing off. . .
Posted by: Ian | April 17, 2005 at 08:54 PM
All in due time Ian. All in due time.
Posted by: Byrne | April 18, 2005 at 09:35 AM