Dana Myers > wrote in
:

> Default User wrote:
>> Dana Myers wrote:
>>
>>
>>>You must be referring to the ridiculous appreciation in
>>>housing prices which, so far, hasn't stopped. In other
>>>words, an opportunity to make money on the place in which
>>>you live.
>>
>>
>> The key being, "so far". See the Houston-area housing bubble of some
>> years back. But I'm just funning you, the Bay area is very nice.
>
> There's the Houston bubble, and the Southern California bubble of
> 1990, and...
>
> I've expected a cooling-off for a couple of years. I suspect
> it will likely not materialize in the "value priced" segment
> under $400k, though.... "value" under 400k for 2br/1.5ba that's
> just goofy.
>
> At least the lump is cheap :-)
>
> Cheers,
> Dana

Well, in Houston, and Southern California, there are fewer geographic
boundaries to suburb expansion, than in the Bay Area. In San Francisco's
Bay Area, the options seem to be into the Central Valley, and some of the
world's best ag land. Freeway and rail projects often take decades to
catch up, so the choice is sometimes a three hour plus commute commitment.

Of course, in the Bay Area, the Silicon Valley crunch is a lot less taxing
than it was in 1999. I could count on 90 minutes for 38 miles. Often
longer in the evening. Nobody would schedule any critical face-to-face
meetings before 10 am, because somebody would most likely be stuck
somewhere.

That being said, I had the opportunity to repurchase the house I sold (June
1989) in June 1997, for only $10k offered price more than I'd sold it for.
Bubbles happen here, too.

Patriarch
Q newbie