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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (440528)	12/15/2008 1:10:07 AM
From: tejek	Read Replies (2) \| Respond to of 1572630

Long way left to drop. When the median selling price is three times the median family income for the locale, you'll know we're where prices should be. You've lived in CA.....it doesn't work that way. Look at how much LA when up and how much its come down in the last two year. It could keep falling another 4 years and the median would still be way ahead of 2000. The truth is they are not making any new land in LA or SFO or San Diego. What you see is what you get. What housing prices have done is slowed population growth....that's all. But you see TH on the Res. thread.....he's getting ready to move to LA and he can afford to buy. LA draws people from all over the world......so does San Diego and SFO. They can afford these prices and if they're coming from London or Moscow or Tokyo, LA's prices are cheap. Hell, Ten bought into the OC market just a few years ago. Where there's a will there's a way.