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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Warpfactor who wrote (9301)	10/10/2001 3:16:37 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

Warp, I understand your entire post, even everything written between the lines. :^) "My guess is that home prices do not go below 1995-1997 levels - 30% is max drop from here. BWDIK." I agree with one part, and only one part, of those two statements, beginning with "My . . ." and ending with " . . .IK." Guess which one I agree with? :^) [Okay, I will spoil the surprise: the part I agree with is "BWDIK." I might alter it to BWDWK.]

To: Warpfactor who wrote (9301)	10/10/2001 4:04:36 PM
From: energyplay	Read Replies (1) \| Respond to of 23153

Re: Bay Area real estate - Someone made the statement in the early 1980's that "people in San Francisco don't buy houses for investment, they COLLECT them" . And like collectors, they will pay very high prices for the "right" house, view, street, neighborhood, etc. You can wait for prices to come down - and you can also wait to get something good in the right place. Both of these will help 10-15 years from now when you want to sell. It's also good to spend years in a place you like. I expect we might see some mild panic this summer 2002. I think you will also see more differentiation between cities & neighborhoods - some down 25%, some down 35% Bay Area real estate is a tough game. Best of Luck.