Greg In The Desert

• jfleck at inkstain » What a Housing Bubble Looks Like – Here’s what a housing bubble looks like. Housing prices. Red is Arizona, green is Nevada, blue is us here in New Mexico. The three states track together since the 1970s (off to the left of what’s displayed in this graph). Prices in Arizona and Nevada shoot up beginning around 2004, then collapse pretty dramatically. Click through for larger image. Data from St. Louis Fed.
• Little Tikes Cozy Coupe Tops U.S. Car Sales – Auto – FOXNews.com – The Cozy Coupe sold 457,000 units in 2008, topping the Toyota Camry and Honda Accord. In the '90s, it outsold both the Accord and Ford Taurus.
• Lightyear Sunken Bath Episode 6 – Storage from Nothing – Most Arizona houses are slab on grade. This means that changing plumbing is challenging or expensive. Slab on Grade houses are laid out, and the plumbing, both waste and supply lines are buried in the ground before the slab is poured. You see some interesting bottom plates here. On the remodeling end, this means that you either get creative or you get to spend really large amounts of money time and noise to move things around. (Nothing screams remodeling to the neighbors like someone with a concrete slab saw in your bathroom.)
• The Official Site of Rio Rancho, NM – June 20th: Hazardous Waste – Saturday, June 20, 2009 Keep Rio Rancho Beautiful will hold a Pharmaceutical Take Back and Household Hazardous Waste Collection from 9am to 2pm at at the Santa Ana Star Event Center upper west parking lot. This event is for Rio Rancho Residents only, please remember to bring proof of residency, such as a drivers license with Rio Rancho address!
• Oprah responds to Newsweek cover story | TV, movie and music news | Current Affairs | EW.com – In a statement today, Oprah Winfrey responded to a Newsweek cover story which suggested that some of the non-traditional medical advice advocated on her show poses a danger to her legions of viewers
• Final release of Safari 4 tweaks interface from beta version | E-mail and Internet | MacUser | Macworld – The most controversial new feature of Safari 4 was the placement of tabs on the top of the Safari browser window instead of below the bookmarks bar. At first, I was against this new UI quirk, but the more I used the Safari 4 Beta the more I liked the placement of the tabs on top of the window. Sadly, in the shipping version of Safari 4 tabs have returned to their traditional place
• Wild horses victims of recession, too – The Denver Post – Wild horses are feeling the effects of recession, as federal authorities find fewer horse owners willing to take on extra animals.
  At a wild horse auction run by the Bureau of Land Management in Eagle Saturday, only 10 of 39 horses were adopted. Most went for the minimum bid of $125.
• McCullough-Price House – This 1938 Pueblo Revival style home was donated to the City by the Price-Propstra family, renovated and opened to the public in 2007. It is home to the Chandler Visitors Center and includes gallery, office and meeting spaces, plus a catering kitchen. The facility can be rented for intimate weddings and receptions, luncheons and banquets, meetings and seminars.
• Chandler cuts access to historic ‘38 home – Doors will be locked at Chandler's historic McCullough-Price House after June 30.

  The move comes two years after the city spent $850,000 to renovate the 1938 pueblo revival-style home near Chandler Fashion Center to open it to the public as a visitors center and museum.

  The building at 300 S. Chandler Village Drive will remain available for special events, tours and private-party rentals, city officials said. It didn't attract enough visitors to justify 40-hour-a-week staffing in tough economic times.

• Review: NeatDesk and NeatWorks for Mac | Unclutterer – A few weeks ago, the Neat company sent me their new NeatDesk for Mac scanner and its NeatWorks software to review. I have been a Fujitsu ScanSnap loyalist for the past two years, so I wasn’t super excited about doing the NeatDesk review. In fact, I tested one of their mobile scanners a year ago and was so disappointed with it that I didn’t even post the review to the site (why clutter up your time with an awful review?).

  To my surprise, however, I liked the NeatDesk for Mac. Specifically, I really liked the NeatWorks software. (If you buy the scanner, the software comes with it. The software also sells as a stand-alone product.)

More on the potential housing bubble.

Many home purchases are speculative; the National Association of Realtors estimates that 23 percent of the homes sold last year were bought for investment, not to live in. According to Business Week, 31 percent of new mortgages are interest only, a sign that people are stretching to their financial limits. The important point to remember is that the bursting of the stock market bubble hurt lots of people – not just those who bought stocks near their peak. By the summer of 2003, private-sector employment was three million below its 2001 peak. And the job losses would have been much worse if the stock bubble hadn’t been quickly replaced with a housing bubble.

The Montly Fool has a article about the housing bubble that I found interesting.

In our neck of the woods, things look pretty unhealthy. I recently came across an OK-looking three-bedroom, maybe 1,000 square feet. 1950s vintage. Needs a new roof and windows and updating throughout. Price: $500,000. If you’re screaming, you don’t live in the D.C. area. The showing agent expected prospective buyers to make an offer within two days, and, as is now usual here, to waive all reasonable protections like inspection clauses. To me, that screams, “Bubble!”

Thankfully I don’t have to deal with housing prices like that here in New Mexico, but we are dealing with the same sort of house buying frenzy that the rest of the country is. The 30 years house I looked at for $113,000 is a good example, cheap but still a lot for such a old house (that needed work!).