Friday, April 06, 2007

real estate squeeze

we may be about to see an ugly real estate squeeze in the mid peninsula. not downwards, but upwards. experts have called a 50% price decline, 30% decline, 10% decline, flat, 10% gain. no one has predicted a >50% gain, which means this is the most likely scenario.

the inventory is miniscule. every smart person i know is waiting for prices to fall. which means the exact opposite is going to occur.

london has doubled in 6 months despite calls for pricing collapse. NY boom has started. there are signs everywhere that bay area prices are poised to make a historic run upwards.

headlines are focused on bubbles and subprimes, etc.

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