Bay Area Real Estate Market

Quote from Turok:

CalTrader:
>Nobody I know would live in the east bay

Apparently you don't know anyone rich enough. Ever heard of BlackHawk?

JB

PS. People who don't REALLY know the area think of Oakland, Fremont, Newark, etc as THE "east bay". The jewels of the east bay are nowhere near that area.
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Yup heard of it. Like I said, nobody I know would live over there if they could live near the coast - no comparison.
 
Quote from waggie945:

Isn't it amazing?

Going from a high-technology career in California's famed Silicon Valley to trading TASR at a very "quantitative" hedge fund.

Simply Amazing!

:)
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Uh ... I still run and control two very profitable high tech companies as well as a trading firm. Both of which you would never be allowed to work for ..... So BS here all you want. Our employees routinely laugh at your posts and in fact many of them are a running joke at one of my firms. .... The lowest of compliments is get called a waggie.... you have quite a reputation going ... keep up the good work

LOL
 
 
The ongoing N Cal vs S Cal thing is good fun I think actually. I've experienced it my entire life. Raised in the Bay Area, so of course I think S Cal is a joke (smog, phony people, etc). Its a major haul to ski a good mtn, their waves are small, etc. They don't even have pro football!

On the other end of the argument, most southerners would never live in "No Cal". They have their own reasons, just as good (to them).

So, I can definitely see Caltrader and his cohorts joking about our "Bay Area is so great" posts. It is really difficult to change one's mind on this issue if they were raised in one of these areas, or even spent extensive time in one area.

Its all OK though cause the Bay Area is crowded enough as it is.

Dodgers Suck!

Jay
 
Quote from TraderC:

The price appreciation in Corona is amazing. But that's what's happening in the entire Riverside County.

People are now realizing RC is the last affordable area in Southern CA before going into the high deserts. Increasing at over 30%, it won't be affordable for very long.

TraderC
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This is very similar to the cycle that occurred during the last runup in california: there was a boom in the desert communities that went bust - some of the areas have not yet recovered. There are some differences in the dynamics of the market this time around but they are not great enough IMHO to sustain things even with a very modest rise in interest rates. In addtion for both the SFH and multi-unit residential markets you need to consider demographic shifts that will occur over the next several years - these are for the most part not favorable.
 
I take it that you are trading MAMA today for the super "quantitative" hedge fund that you work at?

:D

Please feel free to let us all know how it goes for you.
We miss your "humble" posts!
You are such a Pro.
 
02-12-04 06:37 PM

"Well I think I will stop trading this issue for today .... Unless the I see conditions change again....

Approximately 1000 cents (points) or 10 bucks on my side.

I dont usually post any of my trades anywhere but this was so clearly an easy set of trades that I thought it might be instructional to somebody. I probably wont post any more of my trades here again - I have nothing to sell here."
 
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