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To: fedhead who wrote (104242)	5/27/2000 3:02:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

>Sure the real estate here is slowing down but I would hardly expect >a 70 % decline in 12 months. Did you see the front page headlines of any SF newspapers on friday? Most of them were talking about how bids for new and existing homes were simply drying up, and the days of someone offering double the asking price and throwing in a few thousand stock options to boot, were over. It's happening very quickly out here. In palo alto the market had just gotten downright silly, and I expect that'll be the area that falls the quickest.. Followed by Los Altos and then the south of market area in SF itself. Apparently the commercial landlords there no longer want stock options as part of the lease agreements for young companies wanting office space, but rather 6 month IN ADVANCE payments, along with extensive credit checks and huge security deposits.. In other words, they expect most of their renters to eventually go belly up. The lifeblood of the new economy was selling stock. The market has changed and made that extremely hard, if not impossible.