The Market is Going to Zero Syndrome

[Allan from Fallbrook]

Bugs: I grew up there and have quite a few friends still there. Most of them are in Tech, and make good money, but I get the sense that the situation there is starting to deteriorate. Companies like Google will help prop the market up (take a look at home sales in Mountain View, Cupertino and Los Altos to get a sense of the “Google Effect” and the “Apple Effect”), but that can only last for so long.

Following the dot.bomb bust in 2000, I remember seeing neighborhoods in Mountain View lose 30% of their value over the next few years, so Bay Area housing is not immune.

I have been watching the San Francisco housing market (through SocketSite.com) and it is interesting to note two things: (1) The number of cancellations in downtown SF condo transactions, and (2) The slow declination of per square ft pricing of homes in the City of San Francisco proper. While these two events might signify nothing ultimately, they are indicators of a downward trend.

[Eugene]

I think that the housing market in Bay Area is starting to crumble along the edges, it’s just that the decline is not nearly as advanced as here in SD. Central areas like Mountain View or Los Altos are still holding well, but Vallejo and Livermore and Gilroy are disaster zones.

[Eugene]

I think that the housing market in Bay Area is starting to crumble along the edges, it’s just that the decline is not nearly as advanced as here in SD. Central areas like Mountain View or Los Altos are still holding well, but Vallejo and Livermore and Gilroy are disaster zones.

[Eugene]

I think that the housing market in Bay Area is starting to crumble along the edges, it’s just that the decline is not nearly as advanced as here in SD. Central areas like Mountain View or Los Altos are still holding well, but Vallejo and Livermore and Gilroy are disaster zones.

[Eugene]

I think that the housing market in Bay Area is starting to crumble along the edges, it’s just that the decline is not nearly as advanced as here in SD. Central areas like Mountain View or Los Altos are still holding well, but Vallejo and Livermore and Gilroy are disaster zones.

[Eugene]

I think that the housing market in Bay Area is starting to crumble along the edges, it’s just that the decline is not nearly as advanced as here in SD. Central areas like Mountain View or Los Altos are still holding well, but Vallejo and Livermore and Gilroy are disaster zones.

[NotCranky]

From what you have posted Raptor, If I were in your shoes I would sell regardless of any delays you may face in finding a house in North County San Diego. The market is obviously you friend as a seller there and San Diego appears to be your friend as a buyer within two years or less. You want to live here. No brainer. Sell and lease back for a while or relocate, do whatever it takes.

[NotCranky]

From what you have posted Raptor, If I were in your shoes I would sell regardless of any delays you may face in finding a house in North County San Diego. The market is obviously you friend as a seller there and San Diego appears to be your friend as a buyer within two years or less. You want to live here. No brainer. Sell and lease back for a while or relocate, do whatever it takes.

[NotCranky]

From what you have posted Raptor, If I were in your shoes I would sell regardless of any delays you may face in finding a house in North County San Diego. The market is obviously you friend as a seller there and San Diego appears to be your friend as a buyer within two years or less. You want to live here. No brainer. Sell and lease back for a while or relocate, do whatever it takes.

[NotCranky]

From what you have posted Raptor, If I were in your shoes I would sell regardless of any delays you may face in finding a house in North County San Diego. The market is obviously you friend as a seller there and San Diego appears to be your friend as a buyer within two years or less. You want to live here. No brainer. Sell and lease back for a while or relocate, do whatever it takes.

[NotCranky]

From what you have posted Raptor, If I were in your shoes I would sell regardless of any delays you may face in finding a house in North County San Diego. The market is obviously you friend as a seller there and San Diego appears to be your friend as a buyer within two years or less. You want to live here. No brainer. Sell and lease back for a while or relocate, do whatever it takes.

[flyer]

Raptor

Most of my family and I live in RSF in what most would consider fabulous homes, and we would never consider paying what the “nouveau riche” have been shelling out for homes over the past 10 years to live in this great location. So, don’t worry, you’ll still be paying far more than the “old money” did for their homes. Everything in life is simply relative.

[flyer]

Raptor

Most of my family and I live in RSF in what most would consider fabulous homes, and we would never consider paying what the “nouveau riche” have been shelling out for homes over the past 10 years to live in this great location. So, don’t worry, you’ll still be paying far more than the “old money” did for their homes. Everything in life is simply relative.

[flyer]

Raptor

Most of my family and I live in RSF in what most would consider fabulous homes, and we would never consider paying what the “nouveau riche” have been shelling out for homes over the past 10 years to live in this great location. So, don’t worry, you’ll still be paying far more than the “old money” did for their homes. Everything in life is simply relative.

[flyer]

Raptor

Most of my family and I live in RSF in what most would consider fabulous homes, and we would never consider paying what the “nouveau riche” have been shelling out for homes over the past 10 years to live in this great location. So, don’t worry, you’ll still be paying far more than the “old money” did for their homes. Everything in life is simply relative.

[Author]

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