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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Ramsey Su who wrote (25449)1/30/2005 12:22:18 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Interesting post on Syncon in Sacramento, even if a small sample.
prudentbear.com

I wonder if there are some big canary in the mine shaft developments in Calf, or elsewhere where one can determine via these mutiple listings if this is a trend or isolated? Since these are often up on web sites, the sales pace and prices could tracked during the post Super Bowl Sunday new season period.

One I nominate is Tracy, Calf, the epitome of the unsustainable American Bubble SUVie ARM Freeway (ABSAF)lifestyle. I drove by there last year on the way to Yosemite from SF, and shook my head in amazement. Looks like they've run out of left hand turn lanes too, get off the crowded freeway at your own risk, you may never return: poorly planned, bloated, and ugly. Almost all of developed Calf. looks this way really.

I'm visting my folks and we drove to Palm Springs Saturday. The old downtown was pretty quiet and not very busy, and there was probably at least a 15% vacancy rate on retail space there. Not sure if it is cannibalization from more box retail crap somewhere else (the prevailing ABSAF mentality)? Or perhaps revealing of oversaturation, as that downtown does at least have personality.