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To: Meathead who wrote (163210)	12/15/2000 10:33:22 AM
From: John Koligman	Respond to of 176387

Meathead, On the Burke thread, Gene Parrott occasionally posts real estate listings in Silicon Valley. I always get a kick out of them. I agree ground zero is the valley, simply because pricing is so out of whack. Folks forget that not too many years ago the valley had fairly high unemployment after the tech bust of the early '80's. I'd bet the market has already cooled rapidly, and will continue to do so out there as more and more dollars go to 'money heaven'. Regards, John To: James R. Barrett who started this subject From: Gene Parrott Thursday, December 14, 2000 10:13 AM ET Reply # of 86855 Silicon Valley Real Estate bubble. Haven't done this in a while. People buying these are in for a lot of pain. Cheapest house listed in Los Altos. $698,000 Located in Los Altos, County: Santa Clara, Zip Code: 94024. 965 LORAINE AV. This single story detached, cottage/bungalow home has 1 bedroom(s), 1 bath(s) and is approximately 600 sq. ft. This home has a 1 car garage, patio. realtor.com. The low-end in Saratoga. $1,350,000 Located in Saratoga, County: Santa Clara, Zip Code: 95070. This 51 year old single story detached, cottage/bungalow home has 2 bedroom(s) and is approximately 1831 sq. ft. Rooms include a family room/kitchen combination, breakfast area, laundry room, guest room, workshop, foyer. Other features include fireplace(s), breakfast bar, skylight(s). This home has a 2 car garage, patio. The lot is fenced. realtor.com.

To: Meathead who wrote (163210)	12/15/2000 11:17:54 AM
From: Tony Viola	Read Replies (3) \| Respond to of 176387

Meathead, About the West Coast, though, particularly the SF Bay Area, it's different this time (where have you heard that before). The reason I say that is that many of the Internet infrastructure buildout companies are headquartered here (Cisco, Sun, JDSU, Juniper, Sycamore, Brocade, ORCL, BRCM, PMCS, Foundry, Corvis) and they aren't slowing down in their hiring one iota. And, the Intels, HPs here aren't laying off either. Apple, OK, maybe some reduction there. The dot coms are really pretty small companies on average. You hear of a layoff of a hundred people here or there from them, but nothing like when Lockheed or IBM let go or moved thousands of people. As long as employment is near 100% in Silicon Valley, and it looks like it will be until the Internet buildout slows down (HA), prices here should hold up better than most anywhere. Tony