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

To: pass pass who wrote (10620)	5/10/2003 10:08:53 AM
From: John Chen	Read Replies (1) \| Respond to of 306849

pass pass,re:"upper level...40% or 50%". It's not so much the percentage that is BORING. It's the time to take to get there, 5..10years and then level off for 3..5 years. Only the super rich can substain (take advantage) such kind of market. The losers go home(smaller/cheaper one if one is lucky, or lost the home). How long would it take to aborb the H1B and talents from India, China, Iraq, ............? May I suggest: NEVER.

To: pass pass who wrote (10620)	5/10/2003 12:04:09 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

I probably won't average down into RE, mostly because these 2 houses are enough for me - I'm a landlord and don't really like the experience, thats just me. As far as RE as an investment at this level, I don't know... the problem is to justify high prices in the BA we need high salaries and in the past we had that mostly due to stock options. Those go away and how much higher are salaries in the BA vs. the rest of the country... a little higher sure but a lot of wealth that flowed into the area in the 90s will be gone with options expensing. Thats just a wildcard that is out there. I agree with you prices probably won't collapse any more than they already have (and the expensive houses here have fallen quite a lot imo) but I don't know what kind of appreciation is out there for a 500K fixer really.