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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Wyätt Gwyön who wrote (69329)12/26/2006 7:50:26 PM
From: 8bitsRead Replies (2) of 306849
 
"and there are jobs here. companies can pay their people a little less than they pay in Clownifornia, but the people can buy much more house. that's why Austin housing market and job market are still strong, whereas Bay Area is collapsing."

The real estate market in the Bay Area is fairly varied in terms of supply/demand dynamics. Even though Lizzie knows someone who bought a house in a nice part of San Jose for less than they would have paid a few years ago, condos in my neighborhood (The peninsula..) are still rising in value (albeit slowly). The same applies with San Francisco, Oakland, and Berkeley. I sold my house in Oakland last year for
$425 a square foot. (It came with neighborhood drug dealers at no extra cost..) Apparently the housing in that area has continued to rise. (It was close to bart and very close to Emeryville..) Places with an "Urban" feel in the SF Bay Area seem to be retaining/increasing their value, I think predominantly driven by 20 and 30 somethings without school age children.

Exurbia SF Bay Area is definitely falling (Tracy, Brentwood, etc)

The job market is also quite strong (about as good as it was in the 96 or so) Plenty of work available for technical people.

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