Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 31.69

+2.9%

Nov 21 4:00 PM EST

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To: Rich1 who wrote (3961)	8/4/2002 11:14:36 PM
From: Lizzie Tudor	Read Replies (1) of 206968

OTOT Silicon Valley RE One thing to keep in mind though, SV had less than a 1% rental vacancy rate for most of the decade of the 90s - this added to the number of homebuyers. Then in 99-01 A TON of new "luxury" rental capacity came online. The glut in rentals has destroyed the condo mkt in some areas because many of those were really "rental replacements". The number of homes in SV is fixed but rental capacity is growing steadily as even now new stuff is coming online. So a quick snap-back in the price of homes after the high-tech recession ends may not happen until we absorb the glut, imo. Lizzie (no real estate expert just a homeowner)

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