patrick.net

All real estate is local. The Bay Area is special. They aren't making any more land. Real estate prices only go up. You better buy now or you'll be priced out forever. Everyone in the Bay Area makes 100k or more so there is pent up demand. Now is a great time to buy.

Wow, that's a really big hypertext link. It even works here.

There was an article today with the Fed saying that if the economy (houses) dip again, he buy more securities (print money).

Economics does suggest prices should/will drop. But you have a sidebuster here with so much power. It's impossible until they stop.

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/08/27/financial/f070046D11.DTL