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

To: damainman who wrote (233669)	12/18/2009 12:50:16 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 306849

I was just in central CA and saw what seems to be a dichotomy. The outlier areas like AG, Nipomo, Paso Robles, Santa Maria are getting hammered slowly but surely. SLO town prices are holding up but they are essentially a gov't town with the gov't bleeding the non gov't economy to death. My brother has a co-worker at Home depot that was a contractor for 28 years but lost everything(business, million dollar home, then his wife). He was ecstatic to get hired at HD starting at $8.50 hour. previous starting wage was $10 but HD was able to lower it to minimum wage because of demand for jobs...of any kind. I didn't see much moving in the upper end. Those $2,000,000 and up oceanfront homes in Cambria are dead meat.

To: damainman who wrote (233669)	12/18/2009 12:50:35 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

>>About an hour south of San Jose in the lettuce capital of the world:Salinas,Ca , at one time #2 on the list of most overvalued homes in America. My BIL scored a heckuva deal<< ROTFL, straight outta "Me and Bobbi McGee" by Kris Kristofferson...yer livin' the dream, dude!: Somewhere near Salinas I let her slip away She's a looking for that HOME And I hope she finds it Freedom's just another word For nothing left to lose Nothing ain't nothing honey If it ain't free Feeling good was easy law-hawd When she sang the blues Good enough for me and my Bobbi McGee