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

To: Tradelite who wrote (18272)	3/7/2004 8:35:34 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

sorry I thought you were saying I had a misperception that jobs were necessary for pricing appreciation. I don't think jobs are necessary for pricing appreciation in general, UNLESS you have a situation like N Ca where average houses go for 3x what they would elsewhere due to the economic climate. In this market, silicon valley, we need a robust industry to hold up these prices. My guess is that real estate in all the tech centers is probably not as hot as elsewhere in the country. In all the time that I've spent reading this thread, your type of misperception has seemed to be the rule, ... It's important to remember that MOST Americans in this country are employed, and MANY of these Americans have enough money, (and some of those Americans have LOTS of money) to buy homes.