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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: ggamer who wrote (52220)7/19/2002 6:11:12 PM
From: paul_philp   of 54805
 

I am in the process of buying a house in the Bay Area which according to many is in a housing bubble at this point. As you can see, I enjoy going through bubbles.


GGamer,

For what it's worth, have you compared the value of Bay Area real estate to household income lately. This is the key ratio, IMO, to judging if the real estate market is bubbling. In the Bay Area this ratio has gone N-U-T-S over the last year. Prices up > 20%, income down < 10%. Not only does it look like a bubble but it looks like the very top of a bubble.

My wife and I are planning to move to the Bay area at some point in the next couple of years. She got a work visa for the States for her job and it requires she live in the US for a year. Finally, I can move my business to Silicon Valley without having immigration problems. In researching the move I have come to believe that real estate will be 30% - 50% cheaper in 2 years.

OK, back to our regular scheduled programming, losing money in the stock market.

Paul
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