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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 (21313)	6/4/2004 10:07:27 AM
From: Peter Joseph	Read Replies (1) \| Respond to of 306849

Re: if you don't think the decline of silicon valley is going to hurt real estate in N ca, I don't know what to say. We don't have SV (high-paying tech jobs) jobs here in So Cal. But our RE market is now higher than yours. Oh, we do have a flourishing porn industry though. Closely affiliated to Hollywood. Ticky-tacky houses all over. ingeb.org

To: Lizzie Tudor who wrote (21313)	6/4/2004 10:49:10 AM
From: bentway	Respond to of 306849

I know some Humbolt county hippies that draw the line dividing N. and S. Cal. right through the middle of the Golden Gate Bridge!

To: Lizzie Tudor who wrote (21313)	6/4/2004 12:21:14 PM
From: gpowell	Read Replies (1) \| Respond to of 306849

This is eerily similar to the discussion we had a while back about GDP, where you felt the white house was manipulating the GDP numbers because they did not reflect your personal experience. The point of the discussion is not what may happen in SV, but what has happened. Clearly, your personal experience is not reflected in any of the statistics anyone has posted, even your own source does not support your point of view. No one is doubting your experiences, but, contrary to your assertions, the real estate industry is not distorting reality to make a buck. You asserted the wealth engine in SV is terminated. The Bay Area’s growth did not start with SV and it certainly will not end there. Most of the factors that caused demand to outpace supply are still in place (the tax and regulatory environment is one that is not), thus even if home prices “correct”, and I do expect them to as the carry trade unwinds, it will not be long before we are once again screaming about not being able to find affordable housing.