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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (15705)	6/3/1999 12:34:00 AM
From: epicure	Read Replies (1) \| Respond to of 99985

I have been here since 85- and there was a low in 91, I know because I bought it. I have seen prices in my area escalate, and now they appear to be sliding a bit. This is partly the result of overbuilding, and partly the result of rising prices, too much supply(everyone trying to sell now) and slacking demand. When I say top I mean cycle top, not some permanent pronouncement applying to all time- perhaps you did not read my post carefully.

To: Don Green who wrote (15705)	6/3/1999 7:53:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Don Green: I lived in the Bay Area and real estate prices fell dramatically. I also remember by the time I moved away they had not recovered any where near the previous highs. Fortunately for me I moved there after the price fall. Now renting in the Bay Area is a another story...forget it. Real Estate prices are so high many that live there are forced to rent and there is just not enough places to accommodate. I touched base with someone I know there that owns "many" properties on the peninsula and according to them, prices never recovered but seem to be topping. Regards, LG