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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (2113)	2/21/2014 1:48:24 AM
From: tejek	Read Replies (1) \| Respond to of 2722

At times, growth has slowed for SF when tech growth has slowed but then it starts right back up. Tech is the future.......or at least the foreseeable future. Yeah, but the housing market in Silly Valley is priced not even at tech worker level. It's priced at the level of startup millionaires or overlevered wannabes. I have not heard anyone buying a house there recently who wasn't an option millionaire. Then you haven't talk to someone from Antioch or Pittsburgh or Oakland. There is less expensive housing in the Bay Area but just not where tech millionaires want to live. Not saying it's gonna crash and fall. I think I mostly agree with you: although I think there will be another tech crash, but the Silly Valley RE will do better than tech stocks when it comes. The only systemic risk is tech moving out of there. Asia. If it happens, then all US is in trouble though. With each passing year, Asia becomes less of a risk to US tech. Back in the 90s there were like 4 Asian Tigers. Now there are so many that its not worth counting. The original Asian Tiger, Japan, is as expensive or more expensive than the US for production costs. Asia's cost advantage is slowly but surely disappearing.