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

To: the_wheel who wrote (7464)	12/20/2002 3:54:45 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

that is great wheel! Why don't you hold that cash for a little while and buy an investment property in SV next year along with a new home somewhere else. I am convinced property in the bay area is going to be a great investment for those that buy in the next 18 mos or so. Capex has started to improve a little, the bottom is in (on capex don't know about stocks) L

To: the_wheel who wrote (7464)	12/20/2002 3:57:50 PM
From: the_wheel	Read Replies (1) \| Respond to of 306849

EDIT: In previous post I stated RETAXES were 4K mo, no they were 7-8K per month! This is 50% more than normal, I have a hunch that it is addons for the infrastructure necessary for the housing development or some such. IE new HOMEowners get to pay MORE in RE TAXES in addition to the MORE they pay due to inflated HOME PRICES ala Prop13 (a California proposition).

To: the_wheel who wrote (7464)	12/20/2002 4:25:19 PM
From: MSI	Respond to of 306849

Congrats! Cash... is.... good .... Let the wheel spin for a while, IMO, we probably still have some surprises in this economy. FWIW, I just took an 8% reduction on a small SFH I expected was properly valued, just to get it sold before any more economic/political shenanigans hit the fan. I don't yet trust the agent on the high-end property I have for sale, but he's telling me things are heating up again for January. We'll have to see.