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ThinkPositive, a poster on SDlookup made an issue of my comments which then caused an exchange with Rich Toscano himself who accused me of wild leaps of logic.
The comments on SDLookup have been deleted.
I think that Scott Lewis quoting Lew Breeze, and essentially giving him a plug, was a bad journalistic call and continuing to quote him is a questionable practice because:
- Lew Breeze was Scott's Realtor so I think that there is a conflict of interest here.
- Voice of San Diego reporters continue to quote Lew Breeze. Readers may wonder if Lew Breeze's "expertize" is sought because he's the boss's Realtor.
- Lew Breeze was a shill for Downtown real estate.
- Lew Breeze invested in a multitude of condos (Electra, Trellis, Farhenheit.... ) that are underwater and he's trying to dump them, all the while pumping up downtown real estate.
- Considering that Lew Breeze is losing big on his own investments, his expertize is very questionable.
Judge for yourself whether giving a voice to such a Realtor is fair and balance. Who is guilty of wild leaps of logic here?
Lew Breeze said:
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Interesting read.
Is there anyone alive today that would like to have had a relative who had purchased San Diego land 100 years ago? I know I would. Event though likely at the time there were many skeptics in real estate (just like now, déjà vu). Even when real estate went down, those who held it (or their relatives) are glad they did.
Who knows, maybe we aren't at the bottom, but will real estate never rise again? Or does it only rise after you (not your Mr. Brightside, but you in the general sense) have decided to purchase?
Someday, downtown will be untouchable, in the sense that New York is untouchable to most of us now. Maybe not today, or a year from now. But 5 years from now? Or 10 years from now?
If a person buys to live or invest longterm (if they have money sitting around elsewhere), you or your family (in 20 years) will likely be glad you did. They certainly didn't name the Spreckles Building, or Horton Plaza, after the skeptics of the time.
No one rememembers those guys (the skeptics that is).
Stay tuned for features on well-known downtown Realtors who are trying to dump their loser properties while telling you to buy.
Below is another thing that Lew Breeze said in 2005. Then he goes out and buys more condos which are now underwater. So much for expertize that readers can rely upon.
ReplyDeleteThanks to
Ben Jones for keeping track.
Not surprisingly, the VOSD article is gone. So much for an online newspaper.
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"'I would say [the rate of speculators] is about 30 to 40 percent,' said real estate broker Lew Breeze. He says many buyers don't move into the units, and aren't even bothering to rent them out. '(They are] paying $700 a month homeowner's fees … It wasn't like that two or three years ago.'"
You'd have done far better investing a dollar in Coca Cola or Johnson and Johnson. In fact if you factor in property taxes, you'd have done better putting your money into a government bond or CD.
ReplyDeleteThe real advantage of a home is in its dual purpose. It's a substitute for renting, so since you're paying rent/mortgage anyways you can count appreciation as "free money". If you don't live in it or rent it out, land is a horrible investment. More people lose to government bonds than win.
I trust a realtor more than a $hitbag like you.
ReplyDeletePeople always want to kill the messenger. Thanks for exposing the fraud and Realtards drunk on Kool-Aid.
ReplyDelete----- Original Message ----
ReplyDeleteFrom: Cathy Magar c.magar@sbcglobal.net
I don’t even work. My ex (Lew Breeze), very good looking, very wealthy, educated, the top broker downtown, basically a computer and real estate guru, that every one worships in the biz, makes over 1 mill at least every year, owns 8 condos, 3 cars and two motorcycles, and they are valuable, no car kits like his. And he still tells me that I am the most beautiful woman he has ever seen. He has been involved with a very good looking professional woman for 6 months now and has asked that our secret, that he will never love her or anyone like me, get to her, and believe me it shows, every day when he calls me, every time he kisses me and asks me to come back to him and I have not slept with him in over 2 years.
Lew Breeze is gay. No wonder that he never had sex with her.
ReplyDelete