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.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (147233)	11/14/2008 2:40:52 PM
From: geode00	Read Replies (1) \| Respond to of 173976

The valley (thanks Google) has been pretty immune for a long time but the surrounding areas have been devastated from what I hear. The last time there was a bubble (not this bad but bad enough) prices didn't bottom out with a crash but with a thumpety, thumpety, thump over a period of several years. My rule of thumb is, if no one is talking about the housing market any longer that is probably the bottom. :) I know people who got into the market during that time and made maybe a 400% return over a decade and a half. They bought at a time when no one else would and when the yammering from analysts was that houses were a good place to live and to get a rate of return that matched inflation. Of course, part (most?) of that sky high return was from the an even bigger housing bubble. I would hope that isn't in our future but, at least, we can hope to recognize it if it happens yet again.