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Sunday, August 17, 2008

Are we Bored Yet?

We're a tired bunch lately. Real estate is so passe. Foreclosures? Oh, yeah - that. My street has about five houses for sale. I don't know how much they're asking, just that they're grossly overpriced. I mean, really... real estate is only just dirt if you really think about it. Think about it. Really.

Investors are vultures, we're sick of them. We're tired of seeing "the faces of foreclosures." Why can't we just throw some tax money at everyone and make them happy? And I'll just go stand in line to protect my $5,000 in that CD the mortgage bank offered me. Never mind the FDIC. I don't trust anything. Except cash. And maybe gold.

Real estate, you say? Even the Sacramento Bee is sick of writing about it. Real estate agents don't answer phone calls and some of them are off having babies! You would think in this market they'd want business.

Now maybe if I could just buy that million dollar home for about $250,000 I could close in a week. Of course, I could also buy a bunch of $50,000 properties - just me and some buddies of mine. We could all chip in. But nah, I'll just wait for a while. I don't know what it is - real estate just isn't calling me today the way it was in 2005. Hmmm...

(With many thanks to John Lockwood.)

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