Quote:
Originally Posted by Chris Bell
Move here to the SF Bay Area. The market is going pretty good. My wife and I are trying to buy a house right now. We have put offers on for almost a dozen houses and been beat out everytime. Frequently by full cash buyers.
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Was the Bay Area ever doing badly? I thought that the R.E. 'problem/correction' in California is mainly confined to:
(a) inland/Sacramento
(b) parts of SoCal
The other screwy thing is that SF actually appears to be more expensive to buy than NYC. Or at least has fewer sub-$500k condo/co-op conversions due to strict laws about conversions. Basically, crap at the low end, and a lot of undivided homes/multi-family above $1MM with little in between. But with annoying landlord-tenant laws, you'd have to be a masochist to wish to buy the multi-families
