The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: SouthFloridaGuy who wrote (77899)	5/20/2007 7:10:08 PM
From: Lizzie Tudor	Read Replies (2) of 306849

Have you actually been outside of the state of California? I mean, ever? Look, LIG. You venom towards me is utterly transparent. I don't know anything about your GTW trades whatever they were. To be honest I am surprised that GTW is still an independent entity. With respect to BAY AREA HOUSING, you posted an offbase link. And it has nothing to do with whether I have been in or out of California, EVER. The link you posted to me consisted of the EAST BAY which starts from SF but goes down the east side through Oakland and down to Fremont. Nobody who has any knowledge of the SF bay area, or has ever visited the SF bay area, EVER would ever characterize the SF bay area as only SF, Oakland and the EAST BAY. You are missing the entire west side PENINSULA which is where SILICON VALLEY is. You can google a map pretty easily, just click SF Bay area <I feel lucky> and there you go! Bay Area's housing prices buck national trend Median cost is up 6.6%, driven by strong upscale market, but number of homes sold is down 20% Local home prices are still going through the roof, even though far fewer properties are changing hands. That contradicts the national real estate trend of slumps in both price and sales volume. Why does the region's housing seem to defy gravity? It's the wealth effect. "The Bay Area is one of the strongest economies in the country today," said Ken Rosen, chairman of the Fisher Center for Real Estate and Urban Economics at UC Berkeley. "The upper end of the market in the inner areas (San Francisco and the counties closest to it) is doing extremely well. This is a completely different trend than the rest of the country." sfgate.com

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