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


To: Lizzie Tudor who wrote (5684)9/29/2002 3:54:00 PM
From: John ChenRead Replies (1) | Respond to of 306849
 
Lizzie,re:"40-50%". That could still too high.
Say from $1 to $4 then 50% off is $2.0, that is still 100%
from the basis.
With the high-tech in transition period (the maturity and
availability of oversea workforce), together with the 'down
turn' (dictating US corporation must find lowest cost
talents), these 2 trends actually may feed on each other,
pretty much ensure there is no growth (if not shrinkig) in this area.
However, there should be plenty of jobs for building,
house maintainance, day-trading, human-resouce consultants
...



To: Lizzie Tudor who wrote (5684)9/29/2002 4:56:04 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
RE:"rents collapsing in silicon valley, down 40-50% from peak.
(a lot of capacity was added in the bubble and just came online in 2000 which added to the glut)"

Before it's over Silicon Valley could be a desert wasteland of it's former self.

Jim



To: Lizzie Tudor who wrote (5684)9/29/2002 5:54:54 PM
From: David JonesRead Replies (1) | Respond to of 306849
 
...rents collapsing in silicon valley, down 40-50% from peak....

And you know this number is correct because?



To: Lizzie Tudor who wrote (5684)9/30/2002 1:13:00 PM
From: MSIRespond to of 306849
 
Anecdote on commercial space: a co. I provided resources for in San Jose was paying $110/ft/year for 40,000 ft of R&D space in 2000, if you can imagine that. Along w. $30k/mo. for consultants, etc.

Now the rents are down in the $32/ft/year range

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