In my measure blog I used Sir Isaac Newton’s theories of gravity as a metaphor for the Huntington Beach real estate market. So this time around I was thinking hmmm there is another famous genius that I could use that is analogous to the Newport Beach real estate market. Albert Einstein’s “for every challenge there is a reaction,” is certainly applicable for the trends we are seeing today. Prices go up prices go down. The merchandise is hot the market is cold. Give out a million subprime loans and watch populate try to get out of situations that they should have never been in in the first place. Yes my real estate friends for every action there is a reaction. Sometimes these reactions are correctable and other times they are not. Whatever the case may be these are the results of our past actions. Mr. Einstein your genius is timeless.
: 4 Beds. 4.5 Baths. 2,600 SQ. FT. The list price was “$1,430,000″ and changed to “$1,390,000″
: 3 Beds. 2.5 Baths. 1,753 SQ. FT. The list price was “$1,295,000″ and changed to “$1,195,000″
: 3 Beds. 3 Baths. 1,840 SQ. FT. The enumerate price was “$1,349,000″ and changed to “$1,249,000″
: 3 Beds. 2.5 Baths. 1,600 SQ. FT. The list determine was “$1,400,000″ and changed to “$1,450,000″
: 2 Beds. 2.5 Baths. 1,200 SQ. FT. The enumerate price was “$1,299,000″ and changed to “$1,495,000″
: 5 Beds. 3.75 Baths. 4,000 SQ. FT. The list determine was “$2,760,000″ and changed to “$2,720,000″
: 2 Beds. 1.5 Baths. 1,133 SQ. FT. The enumerate determine was “$2,150,000″ and changed to “$1,990,000″
: 3 Bed. 5Baths. SQ. FT not listed. The list price was “$2,900,000″ and changed to “$2,599,000″
Postedon Tuesday. September 11th. 2007 at 8:41 pmby under. You can follow any responses to this entry through the cater. You can drop to the end and leave a response. Pinging is currently not allowed.
Actually that’s Newton’s Third Law. Einstein is relativity. As in. “Relative to your income your mortgage is unaffordable.”
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Related article:
http://blog.redfin.com/orangecounty/2007/09/albert_einstein_was_rightgo_figure.html
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