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Politics : High Tolerance Plasticity

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To: Warpfactor who wrote (9301)	10/10/2001 4:04:36 PM
From: energyplay	Read Replies (1) of 23153

Re: Bay Area real estate - Someone made the statement in the early 1980's that "people in San Francisco don't buy houses for investment, they COLLECT them" . And like collectors, they will pay very high prices for the "right" house, view, street, neighborhood, etc. You can wait for prices to come down - and you can also wait to get something good in the right place. Both of these will help 10-15 years from now when you want to sell. It's also good to spend years in a place you like. I expect we might see some mild panic this summer 2002. I think you will also see more differentiation between cities & neighborhoods - some down 25%, some down 35% Bay Area real estate is a tough game. Best of Luck.

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