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

To: Lizzie Tudor who wrote (127790)	6/7/2008 1:58:34 PM
From: John Chen	Read Replies (1) \| Respond to of 306849

"SV houses in general". The 'little citizen' is kind of messed up by the media and RE-pros. Contrary to some of your belief, there is no God given right to let 'little citizen' to live in million-dollar, multi- million dollars home, though FED/gov may try to institute such right, influenced by the lobbyists. Stop dreaming if you don't have the right. Save the money and insanity and move on to the area you're given the right to live in (you have the right to live within your mean, not thru public subsidize).

To: Lizzie Tudor who wrote (127790)	6/7/2008 2:02:52 PM
From: neolib	Read Replies (2) \| Respond to of 306849

Santa Clara County, home to Silicon Valley, is down more than 9%, though pockets of strength exist in communities such Sunnyvale, Mountain View and Los Altos. Napa County, meanwhile, is one of the weakest in the region, with median prices off more than 20%. My brother lives in Sunnyvale and claims that comps have definitely declined 10% or more. People were begging $900K for 1200sqft flat roofers 12-18 months ago, and $800K now. Also, stuff is not moving like it was a couple of years ago. New McMansions especially.