SI
SI
discoversearch

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: Jay who wrote (84592)8/10/2007 10:40:16 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
50% decline in SF..... my opinion is it is highly unlikely. Get Live2Sails opinion though.

I think this market is one of the strongest in the nation due to companies like Cisco finally hiring again and when I say starting to hire I mean *totally* opening the hiring spigot. All these years houses here rose, not as much as other areas but they rose on almost no job creation, and now it is the opposite. I am looking for a flat year next year with small rises at the high end in other words no real correction other than what we have seen since 2005 (which is about 10-20% off peak imho)



To: Jay who wrote (84592)8/10/2007 10:43:54 PM
From: John VosillaRead Replies (4) | Respond to of 306849
 
'50% decline in SF'

Parts of Sacramento are already down by that much. Obviously you are land constrained in SF and there wasn't the speculation and overbuilding. You probably do get a combination of a drop in prices and drop in purchasing power of your dollar equal to near your figure in the next 3-5 years.. A 50% nominal drop there across the board by itself highly unlikely and would signal a probable depression..