patrick.net

When considering San Jose housing you must also consider that rents have been down/flat ever since the dot.com collapse. If home buying was truly driven by population you would see rents going up. But they're not.

Different Sean,

What did you think about the Great Gatsby? (Sally Kellerman)

Well, I think he was great. (Rodney)

"Rodney Dangerfield in Back to School"

PS,

I hear ya man! My wife's cousin (against all my wife's "soap box preaching") went ahead and bought two rentals in Austin, TX. When asked if she was showing positive cash flow she paused (as if it wasn't something she hadn't considered previously) and said "Oh yeah, of course". Translation? Oh I guess I never really stopped to think about THAT! Meaning RE ALWAYS goes up doesn't it? What makes it even more surprising is that she lives in Vegas (Crash Central). She had reservations about their local market and actually sold a few of her properties there. So you're thinking to yourself, O.K I'm actually having a sobering effect here. Then ka-blam! Ya know what, I'm DONE talking. If you want to slide down a bannister full of razor blades I'LL get the bucket of turpentine for her to land in my damn self!

@CensoredPoster?,

Patrick (meaning Patrick Killelea, site owner/administrator) doesn't normally read or respond to the housing blog on a daily basis. I don't know what Iraq post you're referring to, but it looks like an OTH blog (other than housing). If you'd like to contact him about it, I'd recommend emailing him directly: p@patrick.net.