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To: epicure who wrote (39512)10/10/1999 10:12:00 PM
From: jpmac  Read Replies (1) | Respond to of 71178
 
Good suggestion. I wonder about people buying right now where I'm at.
The market is unsustainable. It's definitely a trainwreck waiting to happen. The last bust was in the 80's. You'd think they'd remember. And it was nothing compared to this steamroller.

I signed on for another year lease to lock in my price. They only raised the rent $5 if I went for the year. It seemed a good hedge compared to losing $250 if I leave before that. For what I have I can't see them charging more, but I know what is happening to prices even for tiny studios around here. A saving grace may be that there are still too many *undesirables* in the building for it to appeal to the *upscale* crowd. We have this great older woman who lives here and regularly corrals the youngsters for short *lectures*. They all listen respectfully. Kinda sweet. And there's a guy in a wheelchair who never gets out of the building. He accepts people's packages for them. Pretty nice place.



To: epicure who wrote (39512)10/10/1999 10:21:00 PM
From: melinda abplanalp  Respond to of 71178
 
Thanks. A friend of mine said wait a year and see what happens. Another friend of mine that bought in May says his house is worth 60 thousand more than what he paid. I just looked in Alameda and I would be in a Townhouse if I bought now. No decent single family houses available in my price range. It is a very sobering experience.

Thanks for the advice. I need advice. I am very confused...lol