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

To: Elroy Jetson who wrote (18628)	3/15/2004 5:47:35 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

maybe she can sell to my cousin, who wants to buy a "starter home" in San Jose for 500K even though they are moving out of the country for a few years--they want to lock in the current "low prices" or they will never be able to afford a place, she says.

To: Elroy Jetson who wrote (18628)	3/15/2004 7:41:55 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

Santa Rosa and Petaluma etc. (this is the northern part of the bay area above san francisco over the GG bridge for you non SV people) could be a decent investment, even if the california real estate market tanks. Of course if everything collapses in an extended stagflation period nothing is safe... but if things just slowly wind down in the hot areas, santa rosa could hold up well. Towards the end of the SV bubble some networking companies started moving to Petaluma to avoid traffic and cost of San Jose. One company (AFCI) in Petaluma looks like it is rebounding nicely, its one of the high growers in networking. I have friends up in that area who have worked for ILM and another guy works for Autodesk. I think Pixar is up that way too. In terms of quality of life there is no reason for the north part of the bay area to be less expensive than the SV area, and yet my friends got a nice house in SR for 450K last year, that same house here would have been 700 easy. I was actually considering investing up there before I decided the economy is stalling.