Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Amy J who wrote (41616)	9/19/2005 5:23:51 AM
From: Live2Sail	Respond to of 306849

Amy J, Both you and Lizzie have said that employment in tech (software) is improving. Employment in hardware has been firm. Although, we'll have to see what the SEBL/ORCL merger does to employment. Then, you both say that we've seen the top in real estate. That doesn't make sense. Are you saying that prices have reached a level that people don't want to pay? No, that's not possible. This is the Bay Area. There's no price too high. If what you say is true, then home prices will fall only modestly, at the worst, unless rates rise more. As to your statement of the top in April. My neighbor's son was house hunting early this year, and he mentioned something similar. I'll believe the slowdown when I see median prices lower month-to-month. L2S

To: Amy J who wrote (41616)	9/19/2005 10:56:46 AM
From: John Vosilla	Respond to of 306849

"Btw, the large midwest cities have more homes for sale per block than during the horrible auto downturn of the late 70s. Can you believe it? It's even this way in the small towns too. All over. Rich areas, poor areas, wherever you go there are many, many homes up for sale." That is pretty scary if true given interest rates have never been lower, lending more lax and our government pushing home ownership like never before. It is almost like an out of body experience for me to be in still red hot Florida being one of the few who sees what our future most likely will be after the party ends..

To: Amy J who wrote (41616)	9/19/2005 10:57:14 AM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

I think there are still a lot of unemployed people in the bay area because my sentiment gauge is the number of 40ish people I see working at Safeway that seem like they could have worked elsewhere in the 90s. But it isn't the engineers and finance folks who are the key players imho, it is the peripheral staff like buyers and planners, HR staff and other support staff that we needed for all these companies especially telecom that went away. Telecom was a manufacturing industry and I can see why economists love manufacturing. Tons of staff needed to build a great mfg company like Cisco. Software is close as far as requiring a lot of staff to build as long as the staff is here not elsewhere. But not as good as telecom which requires the whole spectrum of workers, shipping people, logistics everything. I wonder what is propelling all the houses for sale now in the midwest? I wouldn't have thought that.