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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Amy J who wrote (11884)7/30/2003 11:01:23 AM
From: TradeliteRead Replies (1) of 306849
 
<<Your area may not have experienced a local bubble. According to your definition above, Silicon Valley has. >>

Seems to me Silicon Valley's real estate situation stems not so much from a housing bubble, but the technology bubble.

No different than any other town or region that thrived on a particular industry which later went into decline. Steel towns, textile towns and the like haven't been left with much prosperity when their one-trick pony dies.

And I'm all for young people ganging up in low-cost housing to save money. That's how I started. My older son is doing the same. He's nowhere near ready to make a commitment to purchasing real estate.
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