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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (3961)	8/4/2002 8:04:44 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 206966

Maybe I can pick up a few bargains... GZ

To: Rich1 who wrote (3961)	8/4/2002 11:14:36 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 206966

OTOT Silicon Valley RE One thing to keep in mind though, SV had less than a 1% rental vacancy rate for most of the decade of the 90s - this added to the number of homebuyers. Then in 99-01 A TON of new "luxury" rental capacity came online. The glut in rentals has destroyed the condo mkt in some areas because many of those were really "rental replacements". The number of homes in SV is fixed but rental capacity is growing steadily as even now new stuff is coming online. So a quick snap-back in the price of homes after the high-tech recession ends may not happen until we absorb the glut, imo. Lizzie (no real estate expert just a homeowner)