Price movement over 3 years in certain RSF and Bay Area homes

[Coronita]

Yahoo is one screwed up company. (Don't ask me how I know, but I do..) In a perfect economy, they would still have trouble. In fact, if they laidoff 1/2 of the employees, I don't see that the company would suffer.

As far as the bay area. There's plenty of startups small and large, and plenty of inflow vc money into these startups. Where else is vc going to invest in these days?

Doing a comparable job search on something like hotjob (not that hotjob is that great)

i get 64 hits here in san diego

I get 640+ hits in the bay area.

 

Which tech industry in which location will evaporate first? You tell me.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Dukehorn]

Yeah, I know yahoo has its issues, but AMD is having problems especially after acquiring ATI. I guess the query is can the start-ups absorb the layoffs if a recession hits.

[Dukehorn]

Yeah, I know yahoo has its issues, but AMD is having problems especially after acquiring ATI. I guess the query is can the start-ups absorb the layoffs if a recession hits.

[Dukehorn]

Yeah, I know yahoo has its issues, but AMD is having problems especially after acquiring ATI. I guess the query is can the start-ups absorb the layoffs if a recession hits.

[Dukehorn]

Yeah, I know yahoo has its issues, but AMD is having problems especially after acquiring ATI. I guess the query is can the start-ups absorb the layoffs if a recession hits.

[Dukehorn]

Yeah, I know yahoo has its issues, but AMD is having problems especially after acquiring ATI. I guess the query is can the start-ups absorb the layoffs if a recession hits.

[raptorduck]

Prices in my current neighborhood in San Jose have declined since I started looking to buy in the areas I mentioned. My own house has lost 10% of its value this past year. However, I am in a lower market ($1M give or take, more take these days) so my potential buyers are more impacted by the subprime crises.

In the Los Altos/Los Altos Hills higher end market, prices have not moved down very much. In Los Altos, they have actually stayed flat or gone up a little. In Los Altos Hills they have gone down for sure, but by maybe 5% overall. What you are seeing, is homes in LAH stay on the market a lot longer than Los Altos. That is becasue those homes are more expensive and “unique” than those in Los Altos. But, inventory is very low in both markets, which means that the really nice well priced homes are moving and getting multiple offers.

For you folks in SD, homes up here tend to be old and not updated so when you find one that is newer or updated, people act like they just saw a shooting star and quickly wish upon it with their checkbooks before it dissapears.

Homes that are very old, in bad locations, too agressively priced, odd, etc, however, are selling for as low as 90% of asking in these markets and sellers are having to drop prices on those, because buyers want the gems only in this market.

Many people in these markets up her can afford to hold out as sellers or carry more than one mortgage, which slows the drop in prices and keeps inventories relatively low.

While that sould also be true in RSF, it is not reflected in the market. RSF and LAH are both about the same size in population and median household income, yet RSF has 5 times as many houses on the market as LAH. In terms of nice houses (by my definition) RSF has 30 times as many “nice” houses for sale as LAH does right now.

[raptorduck]

Prices in my current neighborhood in San Jose have declined since I started looking to buy in the areas I mentioned. My own house has lost 10% of its value this past year. However, I am in a lower market ($1M give or take, more take these days) so my potential buyers are more impacted by the subprime crises.

In the Los Altos/Los Altos Hills higher end market, prices have not moved down very much. In Los Altos, they have actually stayed flat or gone up a little. In Los Altos Hills they have gone down for sure, but by maybe 5% overall. What you are seeing, is homes in LAH stay on the market a lot longer than Los Altos. That is becasue those homes are more expensive and “unique” than those in Los Altos. But, inventory is very low in both markets, which means that the really nice well priced homes are moving and getting multiple offers.

For you folks in SD, homes up here tend to be old and not updated so when you find one that is newer or updated, people act like they just saw a shooting star and quickly wish upon it with their checkbooks before it dissapears.

Homes that are very old, in bad locations, too agressively priced, odd, etc, however, are selling for as low as 90% of asking in these markets and sellers are having to drop prices on those, because buyers want the gems only in this market.

Many people in these markets up her can afford to hold out as sellers or carry more than one mortgage, which slows the drop in prices and keeps inventories relatively low.

While that sould also be true in RSF, it is not reflected in the market. RSF and LAH are both about the same size in population and median household income, yet RSF has 5 times as many houses on the market as LAH. In terms of nice houses (by my definition) RSF has 30 times as many “nice” houses for sale as LAH does right now.

[raptorduck]

Prices in my current neighborhood in San Jose have declined since I started looking to buy in the areas I mentioned. My own house has lost 10% of its value this past year. However, I am in a lower market ($1M give or take, more take these days) so my potential buyers are more impacted by the subprime crises.

In the Los Altos/Los Altos Hills higher end market, prices have not moved down very much. In Los Altos, they have actually stayed flat or gone up a little. In Los Altos Hills they have gone down for sure, but by maybe 5% overall. What you are seeing, is homes in LAH stay on the market a lot longer than Los Altos. That is becasue those homes are more expensive and “unique” than those in Los Altos. But, inventory is very low in both markets, which means that the really nice well priced homes are moving and getting multiple offers.

For you folks in SD, homes up here tend to be old and not updated so when you find one that is newer or updated, people act like they just saw a shooting star and quickly wish upon it with their checkbooks before it dissapears.

Homes that are very old, in bad locations, too agressively priced, odd, etc, however, are selling for as low as 90% of asking in these markets and sellers are having to drop prices on those, because buyers want the gems only in this market.

Many people in these markets up her can afford to hold out as sellers or carry more than one mortgage, which slows the drop in prices and keeps inventories relatively low.

While that sould also be true in RSF, it is not reflected in the market. RSF and LAH are both about the same size in population and median household income, yet RSF has 5 times as many houses on the market as LAH. In terms of nice houses (by my definition) RSF has 30 times as many “nice” houses for sale as LAH does right now.

[raptorduck]

Prices in my current neighborhood in San Jose have declined since I started looking to buy in the areas I mentioned. My own house has lost 10% of its value this past year. However, I am in a lower market ($1M give or take, more take these days) so my potential buyers are more impacted by the subprime crises.

In the Los Altos/Los Altos Hills higher end market, prices have not moved down very much. In Los Altos, they have actually stayed flat or gone up a little. In Los Altos Hills they have gone down for sure, but by maybe 5% overall. What you are seeing, is homes in LAH stay on the market a lot longer than Los Altos. That is becasue those homes are more expensive and “unique” than those in Los Altos. But, inventory is very low in both markets, which means that the really nice well priced homes are moving and getting multiple offers.

For you folks in SD, homes up here tend to be old and not updated so when you find one that is newer or updated, people act like they just saw a shooting star and quickly wish upon it with their checkbooks before it dissapears.

Homes that are very old, in bad locations, too agressively priced, odd, etc, however, are selling for as low as 90% of asking in these markets and sellers are having to drop prices on those, because buyers want the gems only in this market.

Many people in these markets up her can afford to hold out as sellers or carry more than one mortgage, which slows the drop in prices and keeps inventories relatively low.

While that sould also be true in RSF, it is not reflected in the market. RSF and LAH are both about the same size in population and median household income, yet RSF has 5 times as many houses on the market as LAH. In terms of nice houses (by my definition) RSF has 30 times as many “nice” houses for sale as LAH does right now.

[raptorduck]

Prices in my current neighborhood in San Jose have declined since I started looking to buy in the areas I mentioned. My own house has lost 10% of its value this past year. However, I am in a lower market ($1M give or take, more take these days) so my potential buyers are more impacted by the subprime crises.

In the Los Altos/Los Altos Hills higher end market, prices have not moved down very much. In Los Altos, they have actually stayed flat or gone up a little. In Los Altos Hills they have gone down for sure, but by maybe 5% overall. What you are seeing, is homes in LAH stay on the market a lot longer than Los Altos. That is becasue those homes are more expensive and “unique” than those in Los Altos. But, inventory is very low in both markets, which means that the really nice well priced homes are moving and getting multiple offers.

For you folks in SD, homes up here tend to be old and not updated so when you find one that is newer or updated, people act like they just saw a shooting star and quickly wish upon it with their checkbooks before it dissapears.

Homes that are very old, in bad locations, too agressively priced, odd, etc, however, are selling for as low as 90% of asking in these markets and sellers are having to drop prices on those, because buyers want the gems only in this market.

Many people in these markets up her can afford to hold out as sellers or carry more than one mortgage, which slows the drop in prices and keeps inventories relatively low.

While that sould also be true in RSF, it is not reflected in the market. RSF and LAH are both about the same size in population and median household income, yet RSF has 5 times as many houses on the market as LAH. In terms of nice houses (by my definition) RSF has 30 times as many “nice” houses for sale as LAH does right now.

[Coronita]

I've noticed in the past, the economies of norcal and socal often move tangential. When commercial tech is hot, non-tech isn't and vice versus. In the last major recession here in socal, mainly due to defense spending cutbacks, then spilling over int services such as RE, that same period, bay area was just fine.

During the dotcom bust, socal economy was doing fine (hence the migration from nor cal to so cal). I have a feeling tha we'll start to se a migration back from so cal to nor cal.

Honestly, I contemplated this myself. There aren't that many great opportunities natively in SoCal for what I do. And while I'm really well compensated at my current position and responsibilities, all good things must end at some point- one bad quarter, one bad relationship, anything random..poof. it's over.

So anticipating plan B is necessary, my options are really to start a company, work remotely for NorCal company, or move back to norCal in case something should happen to my current employment.

What I don't get is why people/companies here in SD have such a hard time understanding that there is nothing wrong with switching positions every 2-3 years. You sort of have to in order to stay current if your employer pigeon hole's you into a menial task. Employers want what is current. At the same time, i see it ironic that several down here frown on folks that move around or don't let people grow into that new role. In the bay area, you had no choice, because companies/positions come and go, the only thing constant was your skills, knowledge, and your relationships you build with people. So part of working in the bay area for me was just being use to moving around. Down here, layoffs are a big deal, because the markets not as fluid.

Oh well. Fortunately, having a place in both areas will make realization of plan B (if needed) more possible..which is why I tell people never to sell a primary home in the bay area. It was and always will be tech capital, irrespective of what happens in the rest of the world. If some ideas move overseas, some new idea will start up in the bay area. Has been that way, always will be.

The only real reason why i even moved back here was I lost a coin toss with the significant other. But the significant other is thinking about plan B these days too, as it seems like one of the major employer's growth is starting to stagnant.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I've noticed in the past, the economies of norcal and socal often move tangential. When commercial tech is hot, non-tech isn't and vice versus. In the last major recession here in socal, mainly due to defense spending cutbacks, then spilling over int services such as RE, that same period, bay area was just fine.

During the dotcom bust, socal economy was doing fine (hence the migration from nor cal to so cal). I have a feeling tha we'll start to se a migration back from so cal to nor cal.

Honestly, I contemplated this myself. There aren't that many great opportunities natively in SoCal for what I do. And while I'm really well compensated at my current position and responsibilities, all good things must end at some point- one bad quarter, one bad relationship, anything random..poof. it's over.

So anticipating plan B is necessary, my options are really to start a company, work remotely for NorCal company, or move back to norCal in case something should happen to my current employment.

What I don't get is why people/companies here in SD have such a hard time understanding that there is nothing wrong with switching positions every 2-3 years. You sort of have to in order to stay current if your employer pigeon hole's you into a menial task. Employers want what is current. At the same time, i see it ironic that several down here frown on folks that move around or don't let people grow into that new role. In the bay area, you had no choice, because companies/positions come and go, the only thing constant was your skills, knowledge, and your relationships you build with people. So part of working in the bay area for me was just being use to moving around. Down here, layoffs are a big deal, because the markets not as fluid.

Oh well. Fortunately, having a place in both areas will make realization of plan B (if needed) more possible..which is why I tell people never to sell a primary home in the bay area. It was and always will be tech capital, irrespective of what happens in the rest of the world. If some ideas move overseas, some new idea will start up in the bay area. Has been that way, always will be.

The only real reason why i even moved back here was I lost a coin toss with the significant other. But the significant other is thinking about plan B these days too, as it seems like one of the major employer's growth is starting to stagnant.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I've noticed in the past, the economies of norcal and socal often move tangential. When commercial tech is hot, non-tech isn't and vice versus. In the last major recession here in socal, mainly due to defense spending cutbacks, then spilling over int services such as RE, that same period, bay area was just fine.

During the dotcom bust, socal economy was doing fine (hence the migration from nor cal to so cal). I have a feeling tha we'll start to se a migration back from so cal to nor cal.

Honestly, I contemplated this myself. There aren't that many great opportunities natively in SoCal for what I do. And while I'm really well compensated at my current position and responsibilities, all good things must end at some point- one bad quarter, one bad relationship, anything random..poof. it's over.

So anticipating plan B is necessary, my options are really to start a company, work remotely for NorCal company, or move back to norCal in case something should happen to my current employment.

What I don't get is why people/companies here in SD have such a hard time understanding that there is nothing wrong with switching positions every 2-3 years. You sort of have to in order to stay current if your employer pigeon hole's you into a menial task. Employers want what is current. At the same time, i see it ironic that several down here frown on folks that move around or don't let people grow into that new role. In the bay area, you had no choice, because companies/positions come and go, the only thing constant was your skills, knowledge, and your relationships you build with people. So part of working in the bay area for me was just being use to moving around. Down here, layoffs are a big deal, because the markets not as fluid.

Oh well. Fortunately, having a place in both areas will make realization of plan B (if needed) more possible..which is why I tell people never to sell a primary home in the bay area. It was and always will be tech capital, irrespective of what happens in the rest of the world. If some ideas move overseas, some new idea will start up in the bay area. Has been that way, always will be.

The only real reason why i even moved back here was I lost a coin toss with the significant other. But the significant other is thinking about plan B these days too, as it seems like one of the major employer's growth is starting to stagnant.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

I've noticed in the past, the economies of norcal and socal often move tangential. When commercial tech is hot, non-tech isn't and vice versus. In the last major recession here in socal, mainly due to defense spending cutbacks, then spilling over int services such as RE, that same period, bay area was just fine.

During the dotcom bust, socal economy was doing fine (hence the migration from nor cal to so cal). I have a feeling tha we'll start to se a migration back from so cal to nor cal.

Honestly, I contemplated this myself. There aren't that many great opportunities natively in SoCal for what I do. And while I'm really well compensated at my current position and responsibilities, all good things must end at some point- one bad quarter, one bad relationship, anything random..poof. it's over.

So anticipating plan B is necessary, my options are really to start a company, work remotely for NorCal company, or move back to norCal in case something should happen to my current employment.

What I don't get is why people/companies here in SD have such a hard time understanding that there is nothing wrong with switching positions every 2-3 years. You sort of have to in order to stay current if your employer pigeon hole's you into a menial task. Employers want what is current. At the same time, i see it ironic that several down here frown on folks that move around or don't let people grow into that new role. In the bay area, you had no choice, because companies/positions come and go, the only thing constant was your skills, knowledge, and your relationships you build with people. So part of working in the bay area for me was just being use to moving around. Down here, layoffs are a big deal, because the markets not as fluid.

Oh well. Fortunately, having a place in both areas will make realization of plan B (if needed) more possible..which is why I tell people never to sell a primary home in the bay area. It was and always will be tech capital, irrespective of what happens in the rest of the world. If some ideas move overseas, some new idea will start up in the bay area. Has been that way, always will be.

The only real reason why i even moved back here was I lost a coin toss with the significant other. But the significant other is thinking about plan B these days too, as it seems like one of the major employer's growth is starting to stagnant.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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