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To: Tony Viola who wrote (163209)	12/14/2000 11:08:10 PM
From: Meathead	Read Replies (2) \| Respond to of 176387

Re: Any particular reason why you pick the west coast? Because you live there. Why else would I pick the west coast? On a more serious note, being born and raised in San Jose I've seen the RE market go through it's cycles. In fact, I still have property in Willow Glen... a 950sqft 3/1/1 over there on Maxine Ave. built in 1951 that I could sacrifice for a mere $450k. It's a fixer though. But the CA real estate, as well as Austin and a few other places, have been a direct beneficiary of the IPO/dot.com/tech boom which is now struggling. The appreciation over the last few years has been nothing short of spectacular. Prices have doubled over the last 5 years. My family sold a 3/2/2 in Pleasanton for 285k in 1994 that is worth $550k today. Austin is up 35% in just two years but RE prices here are still not near what they are in Silicon Valley. But if the market pulls back like I think it will should a real recession occur, it will start on the west coast. Why? Because things always go from left to right... not right to left. Right? MH