Coffee And Real Estate

Posted on April 23rd, 2008 11:05pm by Candy Evans
Filed under Uncategorized

So Starbucks is blaming lowered earnings on the Real Estate market in California and Florida. (Full dis — I own a wee bit of SBUX.) Maybe we ought to blame management that doesn’t stop and think gee, gas is $3.50 a gallon in Texas, probably $4.00 a gallon in CA and FLA. If it costs the average consumer $1200 more a year just to fill up their cars, is it any wonder folks don’t have much left over for a $4.50 Frappacino Latte?

3 Comments to “Coffee And Real Estate”
  • Drew @ April 24th, 2008 at 9:02 am

    Candy, since you mentioned cost of gasoline, Chicago update from a displaced Dallasite:

    $3.99 Regular
    $4.09 Mid-grade
    $4.19 Premium

    These are city prices in the Loop.

    My LandRover groans every time we drive past there with its 11 mpg city mileage.

    I miss Texas.

  • Nate @ April 24th, 2008 at 2:38 pm

    Maybe they should make fewer excuses and realize that their growth plan to dominate the coffee house market was too aggressive and optimistic. Their CEO needs to stand up and say “We were stupid. But that ends here. The (Star)buck stops here.”

  • Candy Evans @ April 24th, 2008 at 9:43 pm

    Drew: I paid $3.50 yesterday at Preston/Royal Exxon for regular. I have a Hybrid but don’t know if I save anything. In any case, when you get homesick for Texas I’ll switch places with you. Though I am a reborn Texan with true Texas babies born on Lone Star soil I still love the Windy…

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DallasDirt is a daily discussion and dissention of the Dallas-Fort Worth real estate market, led by D Home Real Estate Editor Mary Candace Evans with contributions from real estate experts and aficionados. Topics include house porn, hot neighborhoods, hot agents, hip pockets, celebrity listings, second homes, vacation homes, real estate trends, data analysis, tips for buying, selling, or staying put. If DallasDirt were a house, it'd be a three-bedroom, two-and-a-half-bath ranch transitional on a quarter acre lot with stainless kitchen and granite countertops: sophisticated with designer touches, room for expansion. Make an offer.
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