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

To: Live2Sail who wrote (41586)	9/18/2005 2:43:40 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

see see... I knew it - I knew it... told you I'm in a weaker area than you, the mid peninsula which for a time was the most expensive area in the BA (in the 01 period, the heyday of b2b and software infrastructure which is up here)... then the RE boom started and we appreciated from those pumped up levels. Now, San Mateo and Foster City, San Bruno etc are WAY OVERPRICED compared even to your area (for what you get- small lots and 1 bathroom, 1 car garage homes)... and, there are no jobs here. So we started to crack first. It is really the rental market for homes that I see is weakening first. I think these might be sellers who decided not to sell. There are a lot of rental homes. I find it odd, because I'm sure you know it was IMPOSSIBLE to rent here all through the 90s. Even in 91-95. I have no idea what this market will bring. Maybe this is just seasonal weakness too, who knows.