Image via Wikipedia
I took this pic in June of 2005 —When Lake Oroville was Full —
How many people are fortunate enough to live in an area where there is a Lake and a River or Water period, in or close to where they live. Where the temperatures are moderate in the winter, per me anyway. I ... [Read More]
Image via Wikipedia
I took this pic in June of 2005 —When Lake Oroville was Full —
How many people are fortunate enough to live in an area where there is a Lake and a River or Water period, in or close to where they live. Where the temperatures are moderate in the winter, per me anyway. I live at the 2000 foot elevation level, up and out of town where it will get to 32 degrees sometimes. Rain is better (more) in the Foothills than the Valley where all the little seasonal creeks come alive and waterfalls come gushing out the sides of the hills as if they are alive—they are—it is pretty kewl. Summer time gets Warm to Hott here 80’s, 90’s, 100’s but tolerable for the old bones because it’s not wet heat like in other areas of the country. There are links here on my site for you to sign up if you like or drop me an email or call if you would like to talk property. Today this post is just bragging on how lucky I am to Live Here and Enjoy Lake Oroville and the Feather River City.
Buy Buy Now
Having spent a part of my working life, in the Lake Oroville real estate market, as a financial consultant with a major Wall Street brokerage company I was always entertained by, not only the jargon of the industry, but also by some of the odd, or some might say superstitious, ways that pundits use to predict ... [Read More]
Having spent a part of my working life, in the Lake Oroville real estate market, as a financial consultant with a major Wall Street brokerage company I was always entertained by, not only the jargon of the industry, but also by some of the odd, or some might say superstitious, ways that pundits use to predict the next direction that the market or the economy might move.
For example, the Super Bowl Indicator theorizes that the year in which a team from the AFC wins the Super Bowl the stock market will fall, but if an NFC team wins the market will rally. Amazingly, this “predictor” has been right 80% of the time over the years. Another of these anecdotal predictors is the Hem Line Effect. This theory says that as hem lines move up so does the market and when hem lines get longer the market drops.
So, what does this have to do with anything related to the real estate market in Lake Oroville, Paradise and Chico, you say?
As to those theories, nothing. But I think we unintentionally swerved into the first real estate industry anecdotal predictor of the real estate market, in our office. I call it the Redenbacher Effect.
I discovered this theory while Steffan, one of the associates in my office was popping his $1.00 bag of popcorn ( that he bought at the Dollar Store, because that is where REALTORS® shop these days) in our microwave oven. You might imagine the quality level of $1.00 popcorn is not quite the same as the good stuff you get at the movies for about $5.00 a bag. The fact that Steffan eats at least a bag a day of this stuff has leads me to believe that he is quite the popcorn connoisseur.
I will never forget the profoundness of the words that eminated from his lips as the Redenbacher Effect was born:
”I sure will be glad when the market gets good again so I can afford to buy something better than this $1.00 popcorn c*@p.”
With the suddenness of a light bulb being switched on to interrupt the darkness of an empty room, it hit me that we may finally have an accurate way to forecast the pending direction of not only the Lake Oroville real estate market, but the real estate markets of all 4 corners of the world!
The Redenbacher Effect is defined as this:
When Steffan is eating $1.00 popcorn c*@p the real estate market is c*@p. When he starts buying more expensive popcorn (i.e. Orville Redenbacher Movie popcorn) the market is going to improve.
Now you might be thinking that I have finally lost it, and actually, you may be right. But just think about how well (or not so well) the so-called experts have predicted the direction of this market. I mean, really, can this be any less accurate than the methods they use. I think not.
There is, however, one thing that can throw this whole theory into a tailspin. What happens when someone GIVES us a box of premium popcorn. For example, I was telling my friend Jim Moll about my theory yesterday and when I arrived at the office this morning there was a box of Orville Redenbacher popcorn at my backdoor.
It took me a while to consider the consequences of his generosity. What will happen if we eat this premium popcorn while the market is down like it is? Will the market improve even though Steffan did not pay for it? The respective answers are, NOTHING, and NO.
You see it occurred to me that Jim’s gift was a POPCORN CREDIT. He was simply giving us popcorn in the hopes that it would give the market time to stabilize so that we can buy the better and more expensive popcorn later. So we have had the CASH FOR CLUNKERS credit, the FUNDS FOR FORECLOSURES credit and now we have CORN FOR C*@P credit.
I wonder if this will work better than the previous credits?……I think we all know the answer to that one hmmmmmm.
Stay tuned to this blog post for updates on the Redenbacher Effect. And remember, you first heard about it here.
August 1, 2010 marked the 35th anniversary of the 6.1 magnitude earthquake that shook the Lake Oroville real estate market that summer day in 1975. A quake, that most scientists that study these things say, was induced by the construction of Oroville Dam and filling of Lake Oroville.
The quake, which caused an estimate $2 million in damages, mostly greeted homeowners ... [Read More]
August 1, 2010 marked the 35th anniversary of the 6.1 magnitude earthquake that shook the Lake Oroville real estate market that summer day in 1975. A quake, that most scientists that study these things say, was induced by the construction of Oroville Dam and filling of Lake Oroville.
The quake, which caused an estimate $2 million in damages, mostly greeted homeowners who had masonry fireplaces with collapsed or cracked chimneys.
In light of the recent observation of this historic annniversary I want to share an article with you which discusses whether earthquake insurance is worth the cost of paying for it.
Happy anniversary and happy reading.
Click here for article
Good news for those of you in the Lake Oroville, Chico, and Paradise real estate markets, who have been unable to enjoy the benefits of my AGENTnTOUCH™ app on your Android smartphone.
I have just rolled out the Droid edition of this app and it is now available for download. I have also made some recent ... [Read More]
The Lake temperature at the waters surface is a perfect 77 degrees.
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The Lake temperature at the waters surface is a perfect 77 degrees.
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