May 21, 2009 · 2:55 pm

I know, I know, Greenwich is different and it can’t happen here

Bloomberg: San Francisco median house values drop 41% from last year. Foreclosures, inability to get “jumbo” mortgages major factors. Just saying ….

anonymous

May 21, 2009 at 3:11 pm

Like G or NYC, anything less than $10 mill ask in SF or burbs is a dump; like G or NYC, too few sales over past 6 months in relevant price points to know extent of depreciation
Retired IB'er

May 21, 2009 at 5:54 pm

Talk about painting with a HUGE BRUSH.
Anything under $10 million is a dump!

I guess in your world only a G550 (non-timeshare of course) is worth owning. Any other aircraft is like taking a Greyhound bus.

Must be nice…
Anon1

May 21, 2009 at 9:51 pm

“anything less than $10 mill ask in SF or burbs is a dump” – do you actually talk like this in person? That would be quite embarrassing. Do you also sleep naked with money and give it good tongue?
edgewater

May 22, 2009 at 8:45 am

But while prices everywhere on almost everything are falling, the New York Times thinks the solution is to raise their prices by over 10%. Their business planning department must use the same economic advisers as the Greenwich Realtors.

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