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To: chic_hearne who wrote (38958)	11/18/2000 11:23:14 PM
From: KeepItSimple	Respond to of 436258

>Sounds like great news for the real estate market to me. Wait until people >have to start to sell and no one has money to pay the inflated prices. It's here right now. The bottom has fallen out of the San Francisco market over the last 3 months. It's not that prices have fallen, it's that nobody is buying at the current prices and the owners can't understand why stuff isn't being bid on anymore. Incredible condos and houses in my area have had "for sale" signs up for the last couple months. None of them are selling. Places like that used to go in 1 or 2 days, tops. The only people who can afford to pay 1.5 million for a 2 bedroom townhouse are the clowns who had Yahoo or JDSU money. Working stiffs certainly couldnt afford that. Give this market another 6 months and prices will be down by 50 percent. Of course, prices have gone up 200 percent in the last 4 years so it's still pretty insane.