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

To: MSI who wrote (6228)	10/24/2002 3:29:05 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 306849

Conversely one would think the reverse flow of population would put pressure on Bay Area prices until some type of equilibrium is reached. I remember the same thing happening in my home town in the Central Valley back in the early 90's. From what my father has told me, our house in the C. Valley has doubled in price in the last 5 years. Yet I speak to my friends back home and it doesn't seem that people are making all that much. My bet is that prices overshot in the Central Valley and now both the Bay Area prices and Central Valley prices will fall in unison.