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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: pass pass who wrote (10620)5/10/2003 12:04:09 PM
From: Lizzie TudorRead Replies (1) of 306849
 
I probably won't average down into RE, mostly because these 2 houses are enough for me - I'm a landlord and don't really like the experience, thats just me.

As far as RE as an investment at this level, I don't know... the problem is to justify high prices in the BA we need high salaries and in the past we had that mostly due to stock options. Those go away and how much higher are salaries in the BA vs. the rest of the country... a little higher sure but a lot of wealth that flowed into the area in the 90s will be gone with options expensing. Thats just a wildcard that is out there.

I agree with you prices probably won't collapse any more than they already have (and the expensive houses here have fallen quite a lot imo) but I don't know what kind of appreciation is out there for a 500K fixer really.
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