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This is PURE nonsense.
When (not if) the layoffs begin en-masse in the Bay Area, the prices will
fall like a stone, just like they did during the last recession.
As it is, the number of greater-fools willing to shell out $400-$600K for a
home is drastically shrinking.
Anyone buying into this hype and paying these outlandish prices deserves
what they get when the bottom drops out.
JT
----- Original Message -----
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 03, 2000 3:02 PM
Subject: [RT] Re: Economy and high housing prices
> My take on this is that there is a golden opportunity there.
>
> 1. Growing demand.
> 2. Stagnant to shrinking supply.
>
> Create a private school/day care chain to satisfy the demand. In fact, I
saw
> a very intelligent person on CNNfn this winter who is doing exactly that,
> targeting fortune 500 company headquarters locations and doing a landrush
> business.
>
> Michael
>
>
>
> ----- Original Message -----
> From: "JW" <JW@xxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, June 03, 2000 01:41
> Subject: [RT] Economy and high housing prices
>
>
> | Here's an interesting column from a local reporter for the San
> | Francisco Chronicle on the other effects of [our] high housing costs
>
>
> |
> | The end result is that housing will always go up in price. The demand
> | for housing always will outstrip the supply, barring a concerted and
> | sustained public and private effort. Such an effort is not only
> | unlikely, but would transform this area into something so foreign to
> | what it is now that it would become undesirable.
>
>
> |
> | The cost of private schools on the Peninsula has skyrocketed in the
> | last five years, in keeping with the huge demand for the very few
> | openings such schools offer every year.
>
>
> | There is not enough top-quality child care to go around. Parents of
> | small preschool children say the situation has become a nightmare.
>
>
>
>
>
|