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

To: GraceZ who wrote (30769)	5/5/2005 6:56:22 PM
From: The Wharf	Read Replies (2) \| Respond to of 306849

My 36 year old son is in the process of bidding on one he is looking at 1.3m and he has saved for this on his own. I am of course uncomfortable to say the least as i feel here property is way over valued. There is no room for a baby never mind a family in this place. My sons wife is still in the process of trying to find a position here. They have been commuting for the last two years as she was finishing her post grad work in Palo Alto. I just hope they do not find that one day they want a child and there is only two bedrooms in this condo. Then prices might very well be declining and they find they are holding a large loss and they are unable to move.