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

To: Lizzie Tudor who wrote (10645)	5/12/2003 2:02:00 AM
From: Spekulatius	Read Replies (2) \| Respond to of 306849

Lizzie, the median can be quite a deceptive number, i agree with you. Even more worthless is the price per squarefoot, it really does not mean anything since one can see +/-20% swings for a given zipcode from one month to the the other. as far as selling a house is concern, i do have experience here in the North Bay area and i can assure you it's not a problem for anything below 400k here. I have a couple of friends who bought just now and they all happened to buy for asking price or more. By the way, if you indeed own 2 houses in Burlingame clear why not take the loss on one house and sell it, to invest proceeds somewhere else? You could buy several properties in a non-tech area and diversify your RE holding that way and most likely boost your current income as well. I doubt that renters in Burlingame will pay you a decent rent as a percentage of your invested capital, do they?