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The Real Estate Journal -from Wall Street Journal


The Wall Street Journal Online Guide to Property

WSJ.com: Real Estate
Bündchen, Brady Re-List Properties   7/24/2008 10:01 PM
Supermodel Gisele Bündchen and quarterback Tom Brady have both re-listed their former Manhattan pads. A homeowner has listed the former Phoenix house of Republican presidential nominee John McCain for $12 million. Photos
The Vegetable Patch Goes Luxe   7/24/2008 10:57 PM
Home vegetable gardening is surging thanks to rising food prices and health scares with commercial supplies. Some people are paying thousands of dollars to have landscape architects design and install high-end vegetable patches.
Official Will Regulate Mortgage Giants   7/24/2008 8:42 PM
Congress is finally about to grant more power to the minders of Fannie and Freddie. And housing agency director James B. Lockhart III will have to figure out how best to use that power.
The Development of the Superstar Urban Plan   7/24/2008 4:19 PM
Architect Zaha Hadid's plan to redevelop Kartal, a postwar industrial area amid Istanbul's Asian sprawl, is the latest example in a new trend in urban development, in which a visionary designer creates a detailed concept for an entire neighborhood.
Jobless Claims Soar for Week   7/24/2008 8:27 PM
Jobless claims soared last week by 34,000, to 406,000. Existing-home sales fell 2.6% last month from May.
Housing Bill Close to Becoming Law   7/24/2008 6:43 AM
A sprawling bill that reaches deep into the U.S. housing industry is close to becoming law. The bill, which began seven months ago as a modest attempt to help struggling homeowners, will now likely touch a vast array of borrowers, lenders and investors.
Battling Beetles in the Garden   7/23/2008 8:15 PM
Infestations of Japanese beetles have spread to more than 30 states, wreaking havoc on the foliage of trees and crops. Gardener Steve Stecklow is waging a biological war against these predators.
Mortgage Rates Near a Year High   7/23/2008 8:06 AM
Mortgage rates are nearing their highest levels in a year, adding to pressures on the weakened housing market.
Rich Londoners Finally Feel Pain   7/23/2008 7:07 AM
The credit crunch caught up with the top end of London's home market in the second quarter, when the price per square meter of residential space in the capital's prime locations fell more sharply than in the U.K. as a whole.
Mortgage-Lobby Chief Resigns   7/23/2008 2:33 AM
The chief of the mortgage industry's most powerful lobby group, Jonathan Kempner, resigned Tuesday, just as the industry is defending itself from a hostile Congress and a punishing housing slump.

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Internet Endangers Big-City Tradition: The Bike Messenger7/24/2008 7:00 PM

SAN FRANCISCO -- Here along Market Street, heavily tattooed bicyclists with too many piercings in too many places weave through traffic, ducking subway steam vents, trolleys, motorists and a sea of jaywalkers. They're bike messengers -- a fixture in most large cities -- slinging satchels stuffed with legal documents, blueprints, executives' lunches and eviction notices.

But the internet is gaining on these roadsters faster than they can pedal their fixed-gear, brakeless bikes. In a world where documents travel by e-mail and the web, and electronic signatures are legally binding, the business of moving physical wood pulp from point A to point B is struggling.

Anecdotes from the Big Apple to San Francisco and parts in between suggest the click of a Send button is undermining the bike-messaging trade.

In the last two years, three messaging companies in San Francisco have folded. Courier service Bucky's of Seattle trashed its bike fleet last year. And there are nearly 1,000 fewer bike messengers in New York than a decade ago.

"There is really not much left. It's dying," says Matt Flores, co-owner of Wheels of Justice, a San Francisco courier service. Flores recently halved his full-time bikers -- "document clerks," as he calls them -- from eight to four. His top runner earns $50,000 a year, he says.

By far the biggest broomstick through the spokes of the bike messenger comes from the nation's court systems and their embrace of electronic filing. The millions of pages of paperwork generated by trial lawyers were once the bread and butter of bike messaging. Now about half of the U.S. state courts have some form of electronic filing. And under guidelines adopted by the Administrative Office of the U.S. Courts, an electronic filing system is now available in about 99 percent of the nation's federal courts.

Federal bankruptcy courts went electronic beginning in 2001, followed a year later by the district courts. Federal appellate courts started following suit in 2005. The last holdout was the nation's largest federal appeals court, the 9th U.S. Circuit Court of Appeals in San Francisco, which began testing an electronic filing system in January.

While many district court judges still demand paper "courtesy copies" of some filings, which are usually hauled by bike messenger, many state court systems are moving online completely, according to the National Center for State Courts. In California, home to one of the world's largest judicial systems, electronic filing is expected to be mandatory statewide by the end of the decade.

"We've seen about a 30 percent decline in our use of bike messenger services, due largely to electronic filing," says Kevin Livingston, a spokesman for Thelen Reid, a nationwide law firm.

Years ago, phone books in the nation's largest cities were shot through with page after page of courier-service listings. Now the phone book itself is obsolete.

"The total pie of courier services has been shrinking," says Christine Chan, a co-owner of Urban Express in New York, which contracts with hundreds of bike messengers. "Obviously, the need for couriers to carry items is declining."

But bike messenger Lon Cook of San Francisco, like many others in the business, is philosophical. He says there will always be a need for bike messengers in big cities, even if their backpacks aren't as full as they once were.

"First we had the fax machine and now e-mails," says Cook. "There's always something new. A bike messenger is part of the scenery in the road."

Fergus Tanaka, a five-year veteran now riding in San Francisco, shares Cook's optimism.

"What is really necessary for the industry is adaptation. Clearly, if we branch out to other realms and other parts of the economy that need transportation, bike messengers can stick around for another 50 years," the 28-year-old says.

It's a lifestyle, he adds, like no other.

There's a reason, he says, that messengers' bodies are often pierced and inked -- that their hairstyles are often improved with helmet hair.

"There's a freedom associated with bike messaging," the tattooed Tanaka says. "Nobody requires me to wear a suit and tie to work. They just want to make sure you can ride a bike and know where you are going."

The dangers of the job are obvious. And then there are the lesser-known perils.

"We used to have this one run. I called it the piss run. You went around to different homes where elderly people lived, to collect their samples," he recalls. "I went to this one lady's house, threw it in my bag and, when I got back, I reached in my bag and my hands were all wet. There was piss all over my bag."

The internet, he says, can't do what he does.


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Senate Introduces IP-Reform Bill Bolstering Enforcement7/24/2008 6:00 PM
Legislation bolstering intellectual property enforcement by increasing penalties, expanding the power of the attorney general and creating a new FBI piracy unit was proposed Thursday in the Senate. Intellectual-property-rights groups applauded the measure while online-rights groups said it went too far.
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How to Use Templates in Django7/24/2008 5:30 PM
If you've been through our Django tutorials thus far, you've installed and built your first application using the web framework. Part four of our Django series takes you through the process of creating templates. The template system is an extensible way to separate design, content and Python code. Roll up your sleeves and let's get started.
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Jokers, Jokers Everywhere at Comic-Con7/24/2008 4:30 PM

FBI: We Don't Have Tesla's Death Ray7/24/2008 4:23 PM
The bureau releases a top-ten list of FBI myths, debunking some common misconceptions. The FBI has no X-files, didn't seize Nikola Tesla's plans for a particle weapon, and doesn't routinely spy on Americans. Wait ... what?
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Brad Pitts (Note Spelling) Floats Naked in Zero-G7/24/2008 2:00 PM
An artist and MIT aerospace engineer takes a ride on a Russian weightless-training vehicle outside Moscow, wearing his birthday suit instead of the more traditional spacesuit favored by most astronauts.
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Blowing Up a $60,000 S.U.V. to Save the Planet7/24/2008 1:09 PM
Ryan Mickle doesn't just hate his wallet-sucking, carbon-spewing, planet-killing Range Rover. He wants it dead. And he wants you to tell him how to kill it.
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Scrabble Scrambles, Sues Scrabulous7/24/2008 1:00 PM
Scrabble gamemaker Hasbro sues the creators of the Scrabulous program, less than two weeks after releasing its own, authorized version of Scrabble for Facebook.
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Scientists Discover What Makes Northern Lights Dance7/24/2008 12:55 PM
NASA scientists, using a fleet of satellites plus ground-based observers, have discovered the phenomenon that causes the aurora borealis to flicker and "dance" -- and it's called magnetic reconnection.
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Brightkite Location API Could Usurp Yahoo's FireEagle7/24/2008 12:25 PM
Location-based social networking site Brightkite releases an API for developers to create programs tracking friends, family and events. Yahoo's FireEagle does the same thing, but is in a very limited, invite-only beta period. Could Brightkite take the lead?
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RE/MAX Sedona - Beth (Elizabeth) Larsen, Realtor® Arizona real estate license #SA513161000

1225 W. Hwy. 89A, Ste. 102, Sedona Az 86336 Toll Free 800-282-4166

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