FreshSuperCool.com

August 5, 2008

Business etiquette - What would you do?

Filed under: business — Tags: — taewoo @ 3:55 pm

If you had clients you were paying you on a MONTHLY basis and called you by a very offensive name, what is the right thing to do?

I have a real estate investor friend whose tenants call him by a very offensive RACIAL slur, and he seems to be ok with it. What do you do? Flick the middle finger and tell them to get the f*ck out and risk losing your golden goose OR do you just take it because you’d rather lose the tenant at the risk of not being able to replace one?

It’s an interesting dilemma. Personally, I would tell the tenant to vacate the promises or risk getting mauled by pitbulls.

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August 4, 2008

Bay area housing inventory snapshot - August 2008

Filed under: deals — Tags: , — taewoo @ 11:20 pm
Housing Inventory Snapshot July 30, 08
Average List Price Median List Price Average Days On Market
Santa Clara County, CA
Single Family under $1M $583,314 $565,000 84
Single Family over $1M $2,093,908 $1,509,725 75
Condo/Townhome under $600K $361,929 $357,155 85
Condo/Townhome over $600K $792,636 $709,950 56
San Mateo County, CA
Single Family under $1M $636,483 $629,000 80
Single Family over $1M $2,394,203 $1,499,500 70
Condo/Townhome under $600K $428,472 $425,000 83
Condo/Townhome over $600K $865,582 $749,000 66
Santa Cruz County, CA
Single Family under $1M $604,040 $599,000 93
Single Family over $1M $1,903,588 $1,495,000 101
Condo/Townhome under $600K $381,353 $399,000 91
Condo/Townhome over $600K $873,999 $799,000 125
Monterey County, CA
Single Family under $1M $412,488 $340,000 101
Single Family over $1M $2,583,441 $1,795,000 111
Condo/Townhome under $600K $276,099 $200,000 106
Condo/Townhome over $600K $912,930 $760,000 112
Alameda County, CA
Single Family under $1M $457,464 $419,900 77
Single Family over $1M $1,666,147 $1,385,500 84
Condo/Townhome under $600K $344,652 $335,000 80
Condo/Townhome over $600K $726,323 $669,000 62
Contra Costa County, CA
Single Family under $1M $367,885 $305,000 88
Single Family over $1M $1,870,871 $1,499,000 93
Condo/Townhome under $600K $269,420 $239,000 89
Condo/Townhome over $600K $708,917 $675,000 81
MORTGAGE. National Averages (July 30, 08)*
30-year fixed Rate - 6.55% APR - n/a%
15-year fixed Rate - 6.16% APR - n/a%
5/1 ARM Rate - 5.57% APR - n/a%

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August 1, 2008

See you later IndyMac

Filed under: business — Tags: , , — taewoo @ 12:52 pm

I always thought IndyMac was a dumb name for a bank, but what do I know about corporate branding… my blog URL is FreshSuperCool.com. Regardless, you can always count on IndyMac to come through:

Including going bankrupt. Scary thing is… this is the 2nd biggest financial institution in the US. FDIC is supposed to insure their depositors… which equates to 1/6th of their insurance pool. Most likely the Feds will print more money to bail people out (i.e. cover their ass so they don’t bail on their word). I took my money out of Washington Mutual. Trading at $5, down from $35 a couple of months ago. The clerk asked me “how come you’re withdrawing everything? because if you stay with us, we can upgrade you to our dividend yielding checking for FREE!”

No thanks buddy. I can wipe my own ass.

Let’s hope other big banks don’t go down. But I am a scavenger. I wonder if I can buy their bank offices for dirt cheap

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