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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (106451)	6/24/2005 3:06:05 AM
From: Grainne	Read Replies (1) \| Respond to of 108807

I can only see California real estate from a San Francisco perspective, and it was never a bubble there. The rise in value stalled out and slowed down several times, but the general direction was always upward. Most of the middle class has left San Francisco, with their children. But the rich, and people whose real estate has appreciated, are still buying. I thought it was insane when our landlord sold the house we lived in for $540,000. Tiny house! One bathroom! Postage stamp-sized lot! But now the average price for those houses two years later is over $760,000!