patrick.net

B.A.C.A.H. says

Thomas, you have recycled that tired old story so many times. It is different here, dammit, and foreigners covet Fortress communities in the Bay Area. They don't covet places in flyover land like Austin.

what "they" covet makes no difference. Our employers business plans dont cover what SFBA communities foreigners covet. Never had...

Its a very good article worth recycling since many dont really ask what the employer side of the equation looks likes.... and it does not favor higher home prices. ... such price inflation kills jobs.

I don't disagree with the facts on the ground that you cite. Facts are facts. But sometimes they are irrelevant. We haven't been a manufacturing powerhouse for a long time. We have morphed into a bedroom community of the rich elites that is beyond the reach of authority from places like Shanghai and Mumbai. And that's also a fact. For every Siport Case we scrape off the office carpet, there's thousands more jockeying to live here.

B.A.C.A.H. says

The Bay Area (Cool and Hip) has the highest concentration of patent holders and Smarty-Pants geniuses in the world!

Burlington, Vermont holds the most patents due to the University of Vermont's research centers.

You may want to reconsider the concept of "good school district" when said districts will now be packed with mainland Chinese whose kids won't be the best companions for yours. They'll be extremely cliquish, clannish, interested in all things Chinese, and disinterested in socializing
Outside their ethnic/language sphere. Their tiger moms and dads will be annoying as all hell in every school function. And forget about your kids winning any scholastic awards. The first 30 Chinese kids with 4.99 GPA will split those.

That's not "good" in my book. Perhaps find an area not so favored by the sino-tsunami and save some cash on the purchase. If the schools totally suck at some point, send the kids to private schools, which may still be cheaper.

That's a very creepy stance for a teacher to take, Roberto.

Taking advantage of sheltered girls is easy, just not kind, or ethical.

CameronCrazy says

B.A.C.A.H. says

The Bay Area (Cool and Hip) has the highest concentration of patent holders and Smarty-Pants geniuses in the world!

Burlington, Vermont holds the most patents due to the University of Vermont's research centers.

and they've had better weed then the Bay Area since back before good weed was mainstream

robertoaribas says

You should see the tigers they are after a couple of drinks!

What are things rapists say, Alex?

Fast-forward to robertoaribas's response: What are things idiots/morons/imbeciles say, Alex?

robertoaribas says

you want to call me a rapist to my face you low life c**ck sucker?

Why? So you can rape me?

robertoaribas says

I'm smarter than you, I'm richer than you, and I'd kick your ass if we met face to face. I beat you on every level possible.

I'm surprised, and a little disappointed, you didn't also say you're a 10th degree black belt and an ex-Navy SEAL.

...and we digress, yet again. Started out with an informative and open discussion, as usual, and finishes with pointless insults.

This thread brings up a very important issue, and that is that the majority of the home owners in the valley bought when houses were only twice the annual income, or less. My friends who are buying now KNOW they will never pay off the loan in their lifetime, yet they keep bidding, and buying. Part of this is due to the natural tendency to follow in our parents footsteps. We think if our parents did it and had a good outcome we should follow the same path. The problem is that they bought in a REAL market not an artificially propped up market by the National Real Estate Association, the government and all the lobbyists/corporations. These groups created a silent coups d'état of the market and are still in the driver's seat. The problem is that the average buyer has no idea of the hijack and they still live in this la la land that they are buying into the same thing as their parents did. You wouldn't believe how many people in my generation don't even bother with the simple math.

CameronCrazy says

JFP says

So, why are you commenting on the Bay Area housing market?

Same reason why I read worldwide news. To be informed. But I didn't know you had to live in an area to pay attention to the news there. If only you spread your genius sooner then I wouldn't have wasted my time reading about the Zimmerman trial since I don't live in Florida.

This is not news. The thread is asking for advice on whether to buy or not in the Bay Area. You added exactly zero knowledge to this thread.

Thanks for the feedback everyone!.

This blog is awesome actually. It heats up quickly, but on the other hand, it keeps everybody awake :-).

As we speak, the two markets that I'm monitoring: Los Altos, San Ramon (yeah, I know, huuuuge difference), seem to be in a state of steady increase in inventory and people not hurrying up and buying anymore.

I guess a simpler question would be: wait for a large dip? Or buy now that there is no competition?