10 Responses to “Bay Area – #1 winners of the Fannie Mae/Freddie Mac mortgage ceiling hike!”

1. Winston Says:
   February 7th, 2008 at 6:54 am

   If you’re gonna count #3 then we’re also #8 and #10. Proving the bay area is more special than Hawaii. Heck, even Vallejo is more special than Hawaii!

2. SantaClarite Says:
   February 7th, 2008 at 10:38 am

   wow! california takes all spots in the top 10.

   time to get out of this overcrowded expensive place.

3. ex-sunnyvale-renter Says:
   February 7th, 2008 at 10:46 am

   Hawaii’s only as expensive as it is because rich retirees like to move there. There’s a decent public transpo system in town, not all that bad outside of town really, and well, there are already tons of old geezers there to do old geezer stuff with. That’s my law of geezers attracting geezers.

   Hawaii’s going to go through quite a change and not in a good way, when the last of the Greatest Generation die out and broke Boomers are the geezers du jour.

4. gfw Says:
   February 7th, 2008 at 11:43 am

   Bummer. Oakland and the surrounding areas doesn’t make the list! I never win!

5. Winston Says:
   February 7th, 2008 at 12:21 pm

   Oakland is part of San Francisco’s “surrounding area” The census and thus the rest of the federal government breaks up the Bay area into several sub-regions, The San Jose area (PMSA if you want to get all technical) is Santa Clara County, “San Francisco” includes San Francisco, San Mateo, Alameda and Contra Costa counties, Santa Cruz is Santa Cruz County, Salinas is Monterrey County. I could go on, but I’d have to look stuff up and my point is that using census data is tricky because their definitions are somewhat unnatural (for example, Byron is “San Francisco” While Vallejo isn’t.

6. rick Says:
   February 7th, 2008 at 3:47 pm

   #1 is an understatement.

   California is 1 through 10, and 15 out of top 25 most expensive counties.

7. TenSpeedSF Says:
   February 7th, 2008 at 5:16 pm

   Way to go, Barbara Boxer! Way to keep housing prices on the rise! Way to keep home ownership in the Bay Area out of reach to most the people who live here! Really. With all the folks around here defaulting on their mortgages, the reaction of Congress is to allow people to carry even MORE debt? Un-freaking-believable.

   

8. Malcolm Says:
   February 8th, 2008 at 1:00 pm

   Barbara Boxer is about as useful as a sh*t flavored lollipop.

   She was also advocating a “moratorium” on foreclosures. Idiot.

   This housing bubble is merely an instance of excess, like any other asset bubble. It is not a problem to be “corrected”. It merely has to work its way through our system. For every instance that the government attempts to intercede, it just delays the inevitable and ends up costing us more dollars in the long run. Especially when inflation is taken into account.

9. TenSpeedSF Says:
   February 11th, 2008 at 2:12 pm

   Amen, Malcolm!

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