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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: oldirtybastard who wrote (179825)	7/15/2002 11:02:38 AM
From: XBrit	Read Replies (1) \| Respond to of 436258

<<My prediction is we've got enough space to last us at least five years. The area's vacancy rate has risen to 32% from 3.5% in the late 1990s>> More like 10-15 years. The true vacancy rate in the South Bay is probably closer to 50%, allowing for buildings that are partly occupied but grossly under-utilized. There was a MASSIVE building orgy here, and it kept going on auto-pilot for months after the tech bubble burst... because most of the buildings were being built under contract and the contracts had no cancellation clauses.

To: oldirtybastard who wrote (179825)	7/15/2002 11:08:08 AM
From: TheStockFairy	Respond to of 436258

OMG! Don't those moron companies that are renting know anything? Why would you ever rent when interest rates are so low, they should all go out and buy their properties! They would get a steady 20-30% increase in their real estate price per year AND they wouldn't have to pay gains on $500k if one of the executives uses the place as their primary residence. Hey, even the guy at the 7-11 knows that owning a property is better than renting. I think I rake the leaves on his $400k 2 bedroom / 1 bath home while he is sleeping after working the nightshift.