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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Dennis O'Bell who wrote (183161)	3/7/2006 8:47:34 PM
From: Hawkmoon	Respond to of 281500

I'm renting here in the Bay Area (Palo Alto) I'm jealous... I love that area.. Spent 6 months in Monterey when I was in Language School and made monthly road trips up to San Fran.. I could get cheap (and nice) quarters over at the Oakland Army Depot with my girlfriend at the time.. Loved going to the Stinkin' Rose and smelling like garlic for the next 3 days.. ;0) Also spent a lot of time Scuba diving in the Carmel/Point Lobos area and near the Coast Guard pier down in Monterey.. It could get a bit chilly (I was there over the winter) but not nearly as bad as the east coast.. Not sure about going to France, but maybe because the only reason I'd like to go there is to p*ss on the Eifel Tower.. ;0) But I'm partial to Spain and the Costa Del Sol area. But property has gotten pricey over there as well.. Hawk

To: Dennis O'Bell who wrote (183161)	3/8/2006 5:37:53 PM
From: geode00	Read Replies (1) \| Respond to of 281500

California real estate, IMO, is being propped up by no equity loans for 750% of income. That's nuts. The last time this happened (before the 40% crash in SoCal) loans were going for some 300% of income. This is going to hurt although people keep saying we're going for a soft landing. I just don't see a soft landing in California. Not with loans like that being dealt out throughout the state. Plus, wages haven't come near to keeping pace with the rise in prices and that, eventually, has to match up.