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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (11089)	11/5/2006 3:26:45 AM
From: Rolla Coasta	Read Replies (1) \| Respond to of 218584

you mean folks coming in without much, and not buying a lot, to propel what is already sky high to high earth orbit high? :0))) It is pretty obvious you are trying to talk down the housing market in California. You must be jealous at people living in the golden state with high living standard. For Californians, house is gold you mean a tiny rock of an island sporting the freest freedom credentials, already stuffed to the edge with people, next door to 1.3 billion eager and freedom-loving folks, and the door of the rock open to only the well to do and/or the astute, with hundreds of thousands of applications and a long waiting list of same, all needing a place to stay? The mainlanders flock to HK mostly are low skill workers who are fooled by rumors that HK is easy to make money, even if they hardly speak fluent cantonese ??? :0))))) They mostly end up in Tin Shui Wai. The rich mainlanders just wouldn't want to live in crowded HK. Hong Kong is just getting started :0)))))))))) Now you are telling me all paper money & housing value will collapse, while defending your tiny rock island with estate fortune.

To: TobagoJack who wrote (11089)	11/5/2006 8:18:30 PM
From: energyplay	Read Replies (3) \| Respond to of 218584

California immigration - Northern California continues to get lots of Russians and Ukrainians, usually educated, often with some money. My guess is that many are the relatives of various major and minor oligarchs, "businessmen" or whatever, who want a safer place where kidnapping doesn't occur, there is no Chechen threat, and the climate is better. There are indications (I'm not as sure about this) that Korean money and some Koreans are moving into the Los Angeles area. There is still a flow from India of the bright and the occasionally well off. The housing buying from HK, Taiwan and other places that peaked in the early 1980s and then before the 1997 handover has pretty much gone away. While there is still some immigration from other areas, most immigration is now low to moderate skill people from Mexico and Central America. ***************** What could put housing prices into Earth orbit would be another dot-com / telecom / computer boom. We are getting a smaller boom now, almost all in the dot-com (now called Web 2.0) sector. Rupert Murdoch's purchase of Myspace for 568 million last year now looks brilliant, as valuations are now about 3x as high. The YouTube price - 1.6 Billion for a company with 60 employees that is under 18 months old - has many people waking in the middle of the night, salivating and breathing hard. Just like GOLD FEVER. Net Net, I expect most of the California housing market to hold up well, and values may fluctuate up or down 1-2% for about 2 years, then the desirable areas (near the coast) will start slowly climbing again. The less desireable areas (inland) may still sink slowly. The "Inland Empire" Riverside area is most likely to be decline. Silicon Valley, San Franciso, and the West Side of Los Angeles (Santa Moninca, Bel Aire, Beverly Hills) are most likely to appreciate. Maybe Ramsey and Elroy can give their views...