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

To: tony who wrote (7517)	12/21/2002 2:31:13 PM
From: Lizzie Tudor	Respond to of 306849

That article is from SFgate... I live here and I can tell you the 90-91 recession was worse for the simple reason that real estate crashed 40-50% which affected everybody at the time. I believe certain areas of bay area RE have done the same thing, today but it is not a unilateral decline. For example homes under 600K have not declined as much. It is the luxury stuff, specifically in the SV area that is so bad. Notice the_wheel just sold his house... that was not possible then. The budget crisis is a real problem here and we've got a real winner to deal with it (Davis). But technology has always driven the area so most of the bad news is here. He thinks we're ready to fall off the cliff, I think we are in the valley already. Lizzie