Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (1340)	1/11/2002 1:02:26 PM
From: Siddhartha Gautama	Read Replies (1) \| Respond to of 306849

when would you expect the bay area a market to bottom? 2 years?

To: LLCF who wrote (1340)	1/11/2002 1:06:50 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

LOL! Toledo or Syracuse....hmmmmm.....most of the people who write on this thread don't live there....and while not being very familiar with the economic base of those cities, I'd bet they're centered on manufacturing or some other specific sector, which is always dicey. (The best training course I ever took in real estate was taught by a sharp fellow who sold millions of real estate in the deepest darkest days of Detroit's recession). I already said this, but I'll say it again....the real estate one buys and counts on for the long-term future has to be good real estate (well located, well appointed), not a dog. There are many cities across this country where real estate is a sure thing long-term. I once showed property to a family from Buffalo, upon request from an employer who wanted to lure the husband to our area. I asked the family: Do you want to live in Buffalo or do you want to live where the action is? Well, the job offer didn't produce big bucks and the housing here looked pricey to them, so the family chose to stay in Buffalo. I'm sure there were many other factors in their decision not to relocate, but I do know that if I had sold them a home here, they would be selling it for more today than their home in Buffalo. <<gg>>