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What is considered subprime territory in the Bay Area?
invite response
2007 Apr 9, 3:59am 18,213 views 244 comments
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skibum, thanks for the NYT article. That is the kind of hard data I was looking for.
Ms Lisa,
Thanks for the insider's story. Very interesting, and it's too bad honest appraisers are getting the shaft as a result of the dishonest ones.
Malcolm
2007 Apr 10, 9:20am
Recently, I’ve been wondering just how far into the economy this bubble burst is going to reach. ..in real, everyday Joe terms. And this group of bloggers seem just the right people to ask.
One good thing I've noticed, the waiting time at Black Angus seems to be getting better on the weekends.
Malcolm,
What about Outback Steakhouse. I don't like the concept or the food, but everytime I go there with my boyfriend, it's filled up the gills.
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Now that the subprime storm is making landfall, we should forecast the damages it is about the cause.
In the Bay Area, what is considered subprime?
Is a brand-new, 750K townhouse susceptible to this first wave of credit contraction? How about a 700K, circa 1950 spec house?
Or is subprime more defined in terms of location? Which county should be worried? Will the gentrification of East Palo Alto and East San Jose continue?
Peter P