Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Amy J who wrote (11884)	7/30/2003 11:01:23 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<Your area may not have experienced a local bubble. According to your definition above, Silicon Valley has. >> Seems to me Silicon Valley's real estate situation stems not so much from a housing bubble, but the technology bubble. No different than any other town or region that thrived on a particular industry which later went into decline. Steel towns, textile towns and the like haven't been left with much prosperity when their one-trick pony dies. And I'm all for young people ganging up in low-cost housing to save money. That's how I started. My older son is doing the same. He's nowhere near ready to make a commitment to purchasing real estate.

To: Amy J who wrote (11884)	7/30/2003 2:49:54 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

AmyJ, Also these new graduates in N. Ca are smart imho, because the housing dynamics here have changed. We used to have this constant influx of H1B workers who are now gone and likely will never return since those types of positions will go offshore in the future. The lack of available rental housing in the past in N Ca also propped up home prices, and now we have a freefall in the rental market due to overcapacity. Its all supply and demand up here and in my view the peak employment numbers for local workers in 2000 won't be breached for a while, maybe 10 years or more. As it stands we have lost 1 in 4 jobs but much more than that if you include the contract workforce. L