Meathead,
About the West Coast, though, particularly the SF Bay Area, it's different this time (where have you heard that before). The reason I say that is that many of the Internet infrastructure buildout companies are headquartered here (Cisco, Sun, JDSU, Juniper, Sycamore, Brocade, ORCL, BRCM, PMCS, Foundry, Corvis) and they aren't slowing down in their hiring one iota. And, the Intels, HPs here aren't laying off either. Apple, OK, maybe some reduction there. The dot coms are really pretty small companies on average. You hear of a layoff of a hundred people here or there from them, but nothing like when Lockheed or IBM let go or moved thousands of people.
As long as employment is near 100% in Silicon Valley, and it looks like it will be until the Internet buildout slows down (HA), prices here should hold up better than most anywhere.
Tony |
