[quote=bearishgurl]IMO, there really is no fundamental reason why the residential RE in “close in” (=<45 miles from SF) bay area cities will "crash" for any reason.
Firstly, there are MANY industries up there besides the tech industry which are large employers.[/quote]It's not about the amount of industries and jobs but how well does the workers get paid. When you're talking about $1.6M for a crappy 1700 sq-ft tract house in an area with bad schools. I think it starts to get ridiculous. But my crystal ball is broken, so I can't say when it will crash. My gut feeling is that it will. Never say never.
