SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lizzie Tudor who wrote (21305)6/4/2004 2:30:58 AM
From: gpowellRead Replies (1) of 306849
 
The only problem I see is that you refuse to believe that homes have appreciated through this downturn in the Bay Area economy.

The majority of the people that were displaced never intended to stay in the area long-term, they were mostly young, and consequently never made much of an impact in the purchase market except through a spillover from the rental market. Meanwhile, the labor shortage pushed everyone's wages up and for the most part those wages have stayed up. Combine long-term residents with lot's of equity in their old homes trading up, new found income, home ownership participation rates at record levels, and record low interest rates and you can see why prices have continued to appreciate.

The wealth engine in the Bay is not terminated anymore than it was over the past 60 years when one industry or another left the area.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News