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To: Joan Osland Graffius who wrote (98530)4/29/2001 11:22:24 PM
From: XBrit  Respond to of 436258
 
Yes I agree, Si Valley residential RE is hurting. My neighbor's house has been on the market now for 3 weeks, no interest. Apparently the realtors have run out of wooden signs, there are so many people selling.

But the coming commercial RE bust is going to be the really spectacular one. I have never seen so much commercial construction activity as the past year here. Seems like every empty lot in Santa Clara county is being built on all at once.



To: Joan Osland Graffius who wrote (98530)4/30/2001 5:10:25 PM
From: pater tenebrarum  Respond to of 436258
 
Joan, thanks...confirms recent data on a sharp rise in commercial property vacancies and a concurrent collapse in rentals for same in the area.


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