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Bearmove

05/20/03 10:53 AM

#109359 RE: Benj #109356

Here in San Diego, the bubble housing capital of the USA, homes are still selling and home prices have not dropped.
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Newly2b

05/20/03 11:48 AM

#109382 RE: Benj #109356

Yeah, IMO this time you guys in No.Calif. will get it worse than we in So.Calif., if only because our local economy reinvented itself after the '89 crash, and is now more secure, whereas up there you are very dependent on the tech industry, and already fell upon hard times while we are still prospering down here. Don't know how long that will last, however.

Many people expect prices to stop climbing and stabilize, but personally I expect to see prices drop, having seen what happened in '89 which was only a local problem rather than national as it is now.

Stay tuned. . .

Newly