Bay Area Real Estate Market

Geologically speaking the big one is due and it should be here soon give or take 200 years.:p

A bit like saying a top or bottom will occur soon. Useless information.

I personally like the quakes, You hear them in the distance. Never that bad and reminds everyone (For about 2 days), that they are not the masters of the environment.
 
Quote from TraderC:

Hard to do that in the winter time when there is so much rain and somewhat chilly outside. :)

San Diego is drier and warmer. It's nice and sunny outside right now. :)

TraderC
More...

I rode yesterday, it was a brilliant day, overcast but dry...I won't be riding today though except in the covered arena.....we do get rain here ;-)

rttrader1 -
 
A geologist was on the 10:00 news last night and gave a "tour" of the Hayward Earthquake Fault, which basically parallels the eastern shore of the Bay, from Fremont and Hayward all the way up through Berkeley, etc. In fact, the fault-line heads right smack dab underneath CAL's Memorial Football Stadium, just another reason for an $85 million dollar seismic retrofit.

In any event, the geologist ran some studies on pond sediment down in Hayward and found that this fault gives off a huge quake once every 110 years or so, which would have predicted one for 1998. There is also a +/- margin of 30 years, so it could very well occur from now until 2028.

That is the time frame for the Hayward Fault.
 
Actually, many Americans are moving to Baja California, Mexico for the cheap real estate and San Diego-like climate. There is a real estate boom in Tijuana just across the border.

However, you have to put up with speaking Spanish, the drug gangs, and the corrupt Mexican police.

TraderC


Quote from spoonman27:

Moved to Tennessee that is. Cheap real estate.
More...
 
However, you have to put up with speaking Spanish, the drug gangs, and the corrupt Mexican police.



Oh, is that all? No big deal.
:D
 
Man, this market is stupid HOT!!!!!

Today we bid 111k (yes, three ones) OVER asking price for a fixer upper dump (800k) on the border of Los Altos (CA) and we are told we missed the winning bid by a "significant margin".

Geeeezzzzzzzz...what does it take?

We're through. With it this hot we are not going to participate for a year or so.

JB
 
Quote from Turok:

Man, this market is stupid HOT!!!!!

Today we bid 111k (yes, three ones) OVER asking price for a fixer upper dump (800k) on the border of Los Altos (CA) and we are told we missed the winning bid by a "significant margin".

Geeeezzzzzzzz...what does it take?

We're through. With it this hot we are not going to participate for a year or so.

JB
More...

IMHO the current market on the penninsula and in the Los Altos area is overpriced and represents an unacceptable risk - at least for SFH. There are better markets within the US and indeed within California in which to invest. Knowing what i know about valley companies I would not be investing in silicon valley area single family home real estate.
 
Quote from CalTrader:

IMHO the current market on the penninsula and in the Los Altos area is overpriced and represents an unacceptable risk - at least for SFH. There are better markets within the US and indeed within California in which to invest. Knowing what i know about valley companies I would not be investing in silicon valley area single family home real estate.
More...

I have come to the same conclusion.

Unfortunately those other locations don't include a 10 minute commute to the very companies that enable the purchase (income).

JB
 
turok,

you can live like a GOD for 800k in many very nice areas in the US. that you would even consider a fixer-upper dump at that price is a mystery that confounds me over and over each time i read about it. if you are prepared to spend that kind of money, you clearly have options--- i would pack my bags and my family and tour the US for a year, find a beautiful place to live in a rational market and live happily ever after. hell, why not buy a summer and a winter home for 400k each.

LIVE WELL. you'll be dead a long time.

wee
 
You must log in or register to reply here.
Back
Top