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Forum: FIRE and Money 08-22-2007, 10:33 PM
Replies: 99
Views: 9,790
Posted By twaddle
I know some people around here in that same...

I know some people around here in that same situation: bought a new place without selling the old place. And both places are over $1M. That's gotta hurt. Ziprealty.com will give you some interesting...
Forum: FIRE and Money 08-22-2007, 04:21 PM
Replies: 99
Views: 9,790
Posted By twaddle
It depends. The high-end really isn't that much...

It depends. The high-end really isn't that much different except for a few factors: buyers have a ton of ego and generally the ability to weather financial blows, and greedy builders tend to create...
Forum: FIRE and Money 08-22-2007, 03:02 PM
Replies: 99
Views: 9,790
Posted By twaddle
Well, they are dependent on windfalls and/or...

Well, they are dependent on windfalls and/or somebody buying their $2M homes so they can move up to a $3M home.

And the $2M buyers need to sell their $1M home. And the $1M buyers need to sell...
Forum: FIRE and Money 08-22-2007, 12:42 PM
Replies: 99
Views: 9,790
Posted By twaddle
Demographics. Honobob is betting that Boomers...

Demographics. Honobob is betting that Boomers will be retiring en masse to Las Vegas and HI, while the few remaining youngsters will get higher wages in Silicon Valley. Probably not a bad bet.
Forum: FIRE and Money 08-22-2007, 12:07 PM
Replies: 99
Views: 9,790
Posted By twaddle
Agreed. So, what is the fundamental driver for...

Agreed. So, what is the fundamental driver for appreciation in an area? Wage growth, population growth, job growth, and building constraints, right?

I agree that parts of the Bay Area should...
Forum: FIRE and Money 08-22-2007, 11:32 AM
Replies: 99
Views: 9,790
Posted By twaddle
Ah yes. The "past is prologue" argument. So, if...

Ah yes. The "past is prologue" argument. So, if the median house in CA sells for $600K today, and homes appreciate at 11%/year, in 10 years the *median* house in CA will sell for $1.7 million,...
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