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

To: Live2Sail who wrote (41797)	9/21/2005 4:15:44 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

OMG Live2Sail, you are the ONLY PERSON that has been able to admit, that housing prices in SV actually fell here after the bubble. The statistics don't show that price drop, as I'm sure you are aware. I own a house in Noe Valley SF, it is a rental. I bought in late 98. No regrets but that house dropped 30% in value in the yeare 00-03. Houses in Noe Valley were so overblown in the late 90s it was amazing. And then, the crash. Now things are better of course but as a landlord I cannot find good tenants. So since we had a decline when areas like Phoenix were tripling, I am not sure what an impending RE decline nationally means to this area, could be nothing. I know you agree with me that tech employment is recovering. Although tech stocks are certainly not what they were, only a few are doing well (GOOG,AAPL,BRCM etc) the really big employers like Cisco don't have stock price appreciation and that filters down to housing here. If I were new to this area now, I would rent. Renting is better than I have ever seen it before. Its a steal.