Tag Archives: housing boom

Infinite Face Time

Congratulations everyone. Break out the noise-makers and party hats. Pop the champagne corks. Time to get giddy. Today is the first day of the rest of our real estate lives.

Yep. Gird those precious listings. Zip those zip forms. Charge those super-keys. Gas up the car. Grab a six-pack of red bull. Get revved up and ready to go. Time for business!

That weary, post-bubble, post-apocalyptic, address for distress, dystopian meltdown and miserable excuse for a marketplace we’ve been slogging around in for the last five years is coming to end. And all things real estate – at least in our sandy little beachhead along the broader shores of the Silicon Sea are about to change.

Facebook’s long-awaited, highly-anticipated, massively-touted IPO has arrived. And not a moment too soon – as the Fed’s optimism about a full-blown recovery has waned a whole lot more than it has waxed in recent months.

We’ve been titillated by a steady stream of apocryphal anecdotes about Mr. Zuckerberg & Friends since FB first announced last year. CBS Nightly News airing reports about the impending Peninsula housing boom. The San Jose Merc beating the drum with a barrage of headlines.

Private bankers rolling out the red carpet on random street corners in Palo Alto and Menlo Park. Offering home loans to every 25 year old, dressed in jeans and tee shirt, wandering down University Avenue. Credit crunch? Difficulty qualifying? Not if you’ve got FB stock options for collateral. Can you say Super Jumbo Loan?

Supposedly anything with four walls and a roof within hailing distance of FB Headquarters has gotten snatched up with proper number of multiple-offers and overbids – befitting a white hot real estate market. Meanwhile, the Greater Bay Area Agent Grapevine is growing thicker with epic tales about fantastic sales and soon-to-be-stunning deals.

Here in Santa Cruz, we are sitting pretty. Occupying the tip of a desirable archipelago stretching southward from the heart of Silicon Valley. A welcome island lifestyle – just a short latitude adjustment away. Ready, willing and able to sign on to the Facebook phenomena and reap the rewards of the growing social network.

Local Agents have been poking each other behind the scenes for months now, trying to figure out who might have shown a beach listing or two to a prospective Facebook buyer-type. There’s been a number of reported sightings and fanciful rumors reminiscent of the good old days when it always seemed like Tom Selleck or Tom Cruise or Madonna were being spotted looking at pretentious homes or grabbing snacks at some unpretentious local institution like Piggy’s Market.

Is it a thousand Facebook millionaires? Or a million Facebook billionaires? I get it mixed up. All I know is that there are a lot of them. And their ranks seem to be growing quickly in my imagination. Almost as fast as the number of people logging on to Facebook.

Last Monday we saw the 2nd leg of the Amgen Bicycle Tour come across the Summit and race through Santa Cruz County. This Monday, I’m going to go up to the Summit again to watch as Facebook frenzy comes streaming over the hill and kicks the next wave of the buy cycle into high gear.

In fact, I’m going to share a little secret. Monday afternoon, a flash mob of a thousand local Realtors is going to show up at the Summit Shack on Hwy 17. They’ll form the largest-ever mass-human thumbs-up symbol that the Guinness Book of World Records has ever seen.

The Goodyear Blimp will circle overhead. A Google Earth Satellite will capture it all from space like a brave new meme for the entire planet. We’ll all instantly download the image on our I Phones and post it to our Facebook Pages. A resonating thumbs-up will sweep across the world like the ripples of a pebble dropped into an inexhaustible well.

Facebook. What’s not to like?