UPDATE FROM Northern California

[paramount]

The high cost of housing in the Bay Area is one reason the region is on a decline in many ways.

[Allan from Fallbrook]

[quote=patientrenter]Trillions of dollars are being poured into the mortgage loan market, so it’s hardly surprising that it has an impact, some places more than others. I still think even Berkeley prices will decline.[/quote]

Patientrenter: I was visiting a client up in East Bay in February and stayed a couple of nights in Livermore. I spent the two evenings there nosing around and checking out real estate prices. Livermore is one of the areas in the East Bay that is getting absolutely decimated in terms of price drops. I’ve read articles on SFGate (online SF Chronicle) about houses in Oakland that have dropped 80% and 50% drops in places like American Canyon and Tracy.

Berkeley will follow, as will “The Fortress” (Sunnyvale, Mountain View, Cupertino, etc).

[Allan from Fallbrook]

[quote=patientrenter]Trillions of dollars are being poured into the mortgage loan market, so it’s hardly surprising that it has an impact, some places more than others. I still think even Berkeley prices will decline.[/quote]

Patientrenter: I was visiting a client up in East Bay in February and stayed a couple of nights in Livermore. I spent the two evenings there nosing around and checking out real estate prices. Livermore is one of the areas in the East Bay that is getting absolutely decimated in terms of price drops. I’ve read articles on SFGate (online SF Chronicle) about houses in Oakland that have dropped 80% and 50% drops in places like American Canyon and Tracy.

Berkeley will follow, as will “The Fortress” (Sunnyvale, Mountain View, Cupertino, etc).

[Allan from Fallbrook]

[quote=patientrenter]Trillions of dollars are being poured into the mortgage loan market, so it’s hardly surprising that it has an impact, some places more than others. I still think even Berkeley prices will decline.[/quote]

Patientrenter: I was visiting a client up in East Bay in February and stayed a couple of nights in Livermore. I spent the two evenings there nosing around and checking out real estate prices. Livermore is one of the areas in the East Bay that is getting absolutely decimated in terms of price drops. I’ve read articles on SFGate (online SF Chronicle) about houses in Oakland that have dropped 80% and 50% drops in places like American Canyon and Tracy.

Berkeley will follow, as will “The Fortress” (Sunnyvale, Mountain View, Cupertino, etc).

[Allan from Fallbrook]

[quote=patientrenter]Trillions of dollars are being poured into the mortgage loan market, so it’s hardly surprising that it has an impact, some places more than others. I still think even Berkeley prices will decline.[/quote]

Patientrenter: I was visiting a client up in East Bay in February and stayed a couple of nights in Livermore. I spent the two evenings there nosing around and checking out real estate prices. Livermore is one of the areas in the East Bay that is getting absolutely decimated in terms of price drops. I’ve read articles on SFGate (online SF Chronicle) about houses in Oakland that have dropped 80% and 50% drops in places like American Canyon and Tracy.

Berkeley will follow, as will “The Fortress” (Sunnyvale, Mountain View, Cupertino, etc).

[Allan from Fallbrook]

[quote=patientrenter]Trillions of dollars are being poured into the mortgage loan market, so it’s hardly surprising that it has an impact, some places more than others. I still think even Berkeley prices will decline.[/quote]

Patientrenter: I was visiting a client up in East Bay in February and stayed a couple of nights in Livermore. I spent the two evenings there nosing around and checking out real estate prices. Livermore is one of the areas in the East Bay that is getting absolutely decimated in terms of price drops. I’ve read articles on SFGate (online SF Chronicle) about houses in Oakland that have dropped 80% and 50% drops in places like American Canyon and Tracy.

Berkeley will follow, as will “The Fortress” (Sunnyvale, Mountain View, Cupertino, etc).

[bubba99]

Looking around Berkeley, I think the inflated housing is being paid for by you and me. The University is a huge influx of money both in terms of bloated UCB salaries, and students who are using loans to pay for an overpriced “free public education”.

I am guessing the party won’t be over until the state puts a cap on new 300K admin jobs at the University.

[bubba99]

Looking around Berkeley, I think the inflated housing is being paid for by you and me. The University is a huge influx of money both in terms of bloated UCB salaries, and students who are using loans to pay for an overpriced “free public education”.

I am guessing the party won’t be over until the state puts a cap on new 300K admin jobs at the University.

[bubba99]

Looking around Berkeley, I think the inflated housing is being paid for by you and me. The University is a huge influx of money both in terms of bloated UCB salaries, and students who are using loans to pay for an overpriced “free public education”.

I am guessing the party won’t be over until the state puts a cap on new 300K admin jobs at the University.

[bubba99]

Looking around Berkeley, I think the inflated housing is being paid for by you and me. The University is a huge influx of money both in terms of bloated UCB salaries, and students who are using loans to pay for an overpriced “free public education”.

I am guessing the party won’t be over until the state puts a cap on new 300K admin jobs at the University.

[bubba99]

Looking around Berkeley, I think the inflated housing is being paid for by you and me. The University is a huge influx of money both in terms of bloated UCB salaries, and students who are using loans to pay for an overpriced “free public education”.

I am guessing the party won’t be over until the state puts a cap on new 300K admin jobs at the University.

[Author]

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