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

To: portage who wrote (7082)	11/27/2002 1:52:45 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

and on this note... . Average monthly rents for apartments have fallen throughout the Bay Area: to $1,600 from a peak of $2,169 in San Francisco, to $1,232 from $1,388 in the East Bay, and to $1,348 from $1,935 in Silicon Valley. Vacancy rates in each of those areas have now reached or exceeded 6 percent. S.J. leads in rental building CITY TPS IN STATE WITH 13,323 MORE UNITS PLANNED BY '06 If developers complete those apartments planned for San Jose, that would represent an increase of more than 43 percent over the city's existing number of apartments. It also would be more than 2 1/2 times the 5,064 rental units built in San Jose over the previous eight years. siliconvalley.com

To: portage who wrote (7082)	11/27/2002 3:51:01 PM
From: David Jones	Respond to of 306849

..."Borrow every penny you can," Rosen urged the audience. "These interest rates won't stay here forever... There was a time I would totally agree. I'm not as sure as I once was that this is good advise. I think it's the Lemmings factor. I wanted to say something here for some time so here goes. I here all the time 'cash is king'. Well I'm getting the feeling from all the easy money available and the miserable returns from savings that 'cash is trash'. I suppose just more insight to my confusion in general regarding the economy and in keeping my going 'cya' for the time being.