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: GraceZ who wrote (105145)	2/14/2008 5:14:33 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

Silicon Valley was never a part of the ownership society. we don't have subprime loans here, and the foreclosure rate is the lowest in the country. We actually peaked in expensive housing prices here in 99 and fell hard for a few years before recovering in 05 after the GOOG IPO to pre-dotcom bust highs. In other words, Bush's massive failures did not create the property bubble here, because we peaked when Clinton was president (for a long time anyway). Bush is a huge problem in most of the country and we will all pay for his failed policies for 50 years but property here is one of the few things that felt little economic impact from Bush (thank god since everything Bush touches fails miserably, eventually).