Saturday, May 09, 2009

Sacramento Regional Real Estate Trends for May 9, 2009












13 comments :

Anonymous said...

Apparently, Sac Metro Fire employees (80% make above $100K) are buying up all that inventory!

Anonymous said...

the charts are starting to look a bit bullish, don't ya think?

Max said...

I don't think you can boil it down to "bullish" or "bearish." Sales are up, prices are down. Inventory is down, but the drop is concentrated in the lower-priced group.

Clearly, the market is active when prices are right.

patient renter said...

Anon 9:39 - Are you the same Anon poster who insisted that school teachers start at 70k? You might want to provide a link to back your statement.

RV6Flyer said...

PR, I saw an article in the BEE recently stating stats on SacMetro.

http://www.sacbee.com/topstories/story/1848623.html

It is true, 4 out of 5 make over $100M in total comp.

What I do not get is this paragraph:

"Metro Fire officials say that the raises were essential to keep and attract quality firefighters and they note that most employees are working extra hours – 70-hour workweeks are commonplace."

I have family members who for SacMetro but had a heck of a time getting in. His feedback is everyone loves their job and have no intention of leaving.

They just are not allowed to hire and huse OT as a way to meet coverage requirements. I have not run the numbers, but does this really save much money? Is it putting lives at risk?

patient renter said...

Ah, salary, incentives and overtime. Ok. Maybe those 70k teachers are getting paid for overtime and just haven't received the check yet :)

That statement you quoted is pure BS, as you demonstrated. Anytime someone claims that the market will now allow something to occur, therefore they will prevent the market from even having a chance, they're spouting BS.

patient renter said...
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patient renter said...

"Metro Fire officials say that the raises were essential to keep and attract quality firefighters"

I have to leave one more comment on this - Exactly where would those firefighters go if the department couldn't "keep" them?

RV6Flyer said...

PR, what in the heck are you spouting about with teachers making 70k and so on.

"That statement you quoted is pure BS, as you demonstrated."

What statement? Can you provide a link or something so those of us who didn't see what you are talking about have a clue?

RV6Flyer said...

"I have to leave one more comment on this - Exactly where would those firefighters go if the department couldn't "keep" them?"

LA Fire and SF both pay more than Sac. Last year the highest paid LA city fire employee topped $500,000.

patient renter said...
This comment has been removed by the author.
patient renter said...

"PR, what in the heck are you spouting about with teachers making 70k and so on."

It was from a conversation here a few months ago :) That's the problem with people posting as Anon - I have no idea if I'm targeting my comments to the right Anon.

"What statement? Can you provide a link or something so those of us who didn't see what you are talking about have a clue?"

I was referring to something you quoted in your previous post, so I would think you saw it. Maybe you can ask yourself for a link.

"LA Fire and SF both pay more than Sac."

So nowhere local? That would suck to have to move your family to a more expensive area just to spite the local department who refused a raise.

RV6Flyer said...

"I was referring to something you quoted in your previous post, so I would think you saw it. Maybe you can ask yourself for a link."

But that wasn't my post.

whatever, I am confused now.