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

To: Live2Sail who wrote (105419)2/16/2008 5:39:53 PM
From: KonaRead Replies (2) | Respond to of 306849
 
"Bay Area companies lost billions in market cap"

There must be a ton of Google employees hired in the last year whose options are now underwater. Those waiting since last year for their first year's worth to vest and buy that big house are out of luck.



To: Live2Sail who wrote (105419)2/16/2008 6:52:16 PM
From: Sea OtterRead Replies (1) | Respond to of 306849
 
L2S - tis true, sales are very slow. My only point is that I'm not seeing any real price reductions in the core valley area.

I'm just reporting what I see at the moment. I'm not a cheerleader for the "valley is different" thesis.

I've just seen several nearby properties go on the market in MP (where I live). Each property is asking the moon, from what I can tell. I'll follow them and see what happens.


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