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	<title>Comments on: The housing downturn begain in late 2005?</title>
	<atom:link href="http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/</link>
	<description>San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog</description>
	<lastBuildDate>Wed, 08 Feb 2012 23:02:39 +0000</lastBuildDate>
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		<title>By: burbed</title>
		<link>http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4813</link>
		<dc:creator>burbed</dc:creator>
		<pubDate>Wed, 20 Feb 2008 21:11:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4813</guid>
		<description>&gt;&gt;police officers

Actually they make pretty good money in Mountain View. Six digits.</description>
		<content:encoded><![CDATA[<p>>>police officers</p>
<p>Actually they make pretty good money in Mountain View. Six digits.</p>
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		<title>By: been_there_done_that</title>
		<link>http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4812</link>
		<dc:creator>been_there_done_that</dc:creator>
		<pubDate>Wed, 20 Feb 2008 19:51:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4812</guid>
		<description>No willowglenner-  you are either A. very young B. not a native or C. senile.  The idea that homeownership for doctors and others in higher paid professions absurd.

Prices in the bay area have been more expensive than other areas, however they have not been out of reach for doctors or most of the bay area population until 1999, 2000.

When I was growing up in the bay area (in the 80&#039;s) grocery store workers, postal workers, police officers, teachers, garbage men and so on were able to purchase homes easily in nice, safe neighborhoods in the heart of the bay area. Perhaps they didn&#039;t live in Palo Alto (though a few teachers on one income with families did own homes in PA) but they were not relegated to Modesto or have 3 roomates like they do now.  So of course doctors had their pick of places to buy in any neighborhood they wanted to live in.

Now, some doctors are opting out of doing their residency in bay area, because they would not be able to make ends meet on their $56,000 salary.  Better to stay on the east coast where they own the place they live in, rather than live with 5 other residents and their families in a rented house.  Besides, what does SF have to offer (compared to NYC, Boston, Washington DC) except good weather???</description>
		<content:encoded><![CDATA[<p>No willowglenner-  you are either A. very young B. not a native or C. senile.  The idea that homeownership for doctors and others in higher paid professions absurd.</p>
<p>Prices in the bay area have been more expensive than other areas, however they have not been out of reach for doctors or most of the bay area population until 1999, 2000.</p>
<p>When I was growing up in the bay area (in the 80&#8242;s) grocery store workers, postal workers, police officers, teachers, garbage men and so on were able to purchase homes easily in nice, safe neighborhoods in the heart of the bay area. Perhaps they didn&#8217;t live in Palo Alto (though a few teachers on one income with families did own homes in PA) but they were not relegated to Modesto or have 3 roomates like they do now.  So of course doctors had their pick of places to buy in any neighborhood they wanted to live in.</p>
<p>Now, some doctors are opting out of doing their residency in bay area, because they would not be able to make ends meet on their $56,000 salary.  Better to stay on the east coast where they own the place they live in, rather than live with 5 other residents and their families in a rented house.  Besides, what does SF have to offer (compared to NYC, Boston, Washington DC) except good weather???</p>
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		<title>By: mtv-renter</title>
		<link>http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4811</link>
		<dc:creator>mtv-renter</dc:creator>
		<pubDate>Sun, 17 Feb 2008 17:32:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4811</guid>
		<description>I&#039;ve been working in tech industry here in the bay area since 1998, and I completely disagree with those of you claiming that it&#039;s in trouble. The bay area is still the home of most tech startups, just because there is a critical mass of tech expertise here. These new companies have to work in cooperation with others and use the technology of others, and it&#039;s still easiest to do that here. I&#039;m a native of the Boston area, and even though there is a tech hub there, it&#039;s not the same kind of R&amp;D that happens in the bay area, which is why I&#039;m still here.</description>
		<content:encoded><![CDATA[<p>I&#8217;ve been working in tech industry here in the bay area since 1998, and I completely disagree with those of you claiming that it&#8217;s in trouble. The bay area is still the home of most tech startups, just because there is a critical mass of tech expertise here. These new companies have to work in cooperation with others and use the technology of others, and it&#8217;s still easiest to do that here. I&#8217;m a native of the Boston area, and even though there is a tech hub there, it&#8217;s not the same kind of R&amp;D that happens in the bay area, which is why I&#8217;m still here.</p>
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		<title>By: SantaClarite</title>
		<link>http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4810</link>
		<dc:creator>SantaClarite</dc:creator>
		<pubDate>Sun, 17 Feb 2008 16:18:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4810</guid>
		<description>My santa clara apt complex raised rent by 15 to 20%

I am considering moving to NYC.</description>
		<content:encoded><![CDATA[<p>My santa clara apt complex raised rent by 15 to 20%</p>
<p>I am considering moving to NYC.</p>
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		<title>By: WillowGlenner</title>
		<link>http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4809</link>
		<dc:creator>WillowGlenner</dc:creator>
		<pubDate>Sun, 17 Feb 2008 15:32:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4809</guid>
		<description>by the way to ex-sunnyvale-renter, the R&amp;D is coming back to the bay area now (I know this, it is my business) - because engineering salaries in INDIA are now over 70K burdened cost!  Can you believe it?  I can already feel the effects of rank and file engineers being hired again in the valley.  A lot more traffic forone thing.  I would like to know the appreciation rates for rentals now, my sense is renting is going up but I don&#039;t know how to determine that.</description>
		<content:encoded><![CDATA[<p>by the way to ex-sunnyvale-renter, the R&amp;D is coming back to the bay area now (I know this, it is my business) &#8211; because engineering salaries in INDIA are now over 70K burdened cost!  Can you believe it?  I can already feel the effects of rank and file engineers being hired again in the valley.  A lot more traffic forone thing.  I would like to know the appreciation rates for rentals now, my sense is renting is going up but I don&#8217;t know how to determine that.</p>
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		<title>By: WillowGlenner</title>
		<link>http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4808</link>
		<dc:creator>WillowGlenner</dc:creator>
		<pubDate>Sun, 17 Feb 2008 15:27:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4808</guid>
		<description>Whats really amazing about all these comments from renters is that this same thing - houses too expensive for (doctors, professors, etc) has been true for decades.  Houses have been unaffordable here for decades.  The whole salary structure has changed in 20 years to allow a lot of people to buy here when they couldn&#039;t in the 80s even though the same complaints were happening then (theres much more of a contractor workforce where people get higher take home pay etc).  If you are waiting for the bay area to all of the sudden become affordable, forget it!</description>
		<content:encoded><![CDATA[<p>Whats really amazing about all these comments from renters is that this same thing &#8211; houses too expensive for (doctors, professors, etc) has been true for decades.  Houses have been unaffordable here for decades.  The whole salary structure has changed in 20 years to allow a lot of people to buy here when they couldn&#8217;t in the 80s even though the same complaints were happening then (theres much more of a contractor workforce where people get higher take home pay etc).  If you are waiting for the bay area to all of the sudden become affordable, forget it!</p>
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		<title>By: Pralay</title>
		<link>http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4807</link>
		<dc:creator>Pralay</dc:creator>
		<pubDate>Sun, 17 Feb 2008 06:12:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4807</guid>
		<description>&lt;i&gt;Just ask yourself why you’re still here. Obviously, it’s worth it.&lt;/i&gt;
--------------

It&#039;s very apparent that you either don&#039;t read or cannot comprehend others&#039; posts. Sometime that is applicable for a hi-tech engineer may not be applicable for a doctor. I already wrote it in post #30.</description>
		<content:encoded><![CDATA[<p><i>Just ask yourself why you’re still here. Obviously, it’s worth it.</i><br />
&#8212;&#8212;&#8212;&#8212;&#8211;</p>
<p>It&#8217;s very apparent that you either don&#8217;t read or cannot comprehend others&#8217; posts. Sometime that is applicable for a hi-tech engineer may not be applicable for a doctor. I already wrote it in post #30.</p>
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		<title>By: Real Estater</title>
		<link>http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4806</link>
		<dc:creator>Real Estater</dc:creator>
		<pubDate>Sun, 17 Feb 2008 05:09:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4806</guid>
		<description>&gt;&gt;There are too many disadvantages in Bay Area and they outweigh the two advantage points you mentioned.

Just ask yourself why you&#039;re still here. Obviously, it&#039;s worth it.</description>
		<content:encoded><![CDATA[<p>&gt;&gt;There are too many disadvantages in Bay Area and they outweigh the two advantage points you mentioned.</p>
<p>Just ask yourself why you&#8217;re still here. Obviously, it&#8217;s worth it.</p>
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		<title>By: Pralay</title>
		<link>http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4805</link>
		<dc:creator>Pralay</dc:creator>
		<pubDate>Sun, 17 Feb 2008 02:50:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4805</guid>
		<description>RealEstater Says:
&lt;i&gt;
No Pralay, the sky is not falling.&lt;/i&gt;
-------------

You love to make straw man arguments (and this is not the first time you are doing so). Do you have a problem of comprehension? Where did you find that I said (or implied) that sky is falling? I was just replying against your FOOLISH OPTIMISM. Making counter argument against foolish optimism does not mean that I am saying sky is falling. Why am I labeling it as &quot;foolish optimism&quot;? Because, in post #23, you just cited two advantage points of bay area (weather and prestige), totally ignoring (and refuting) the ground reality (the disadvantages). There are too many disadvantages in Bay Area and they outweigh the two advantage points you mentioned.

It&#039;s good that you understood that healthcare problem is &quot;far too complex&quot;. And that&#039;s why it cannot be solved by two simple advantage points - weather and prestige. You need more advantage points and that includes affordability of home price.</description>
		<content:encoded><![CDATA[<p>RealEstater Says:<br />
<i><br />
No Pralay, the sky is not falling.</i><br />
&#8212;&#8212;&#8212;&#8212;-</p>
<p>You love to make straw man arguments (and this is not the first time you are doing so). Do you have a problem of comprehension? Where did you find that I said (or implied) that sky is falling? I was just replying against your FOOLISH OPTIMISM. Making counter argument against foolish optimism does not mean that I am saying sky is falling. Why am I labeling it as &#8220;foolish optimism&#8221;? Because, in post #23, you just cited two advantage points of bay area (weather and prestige), totally ignoring (and refuting) the ground reality (the disadvantages). There are too many disadvantages in Bay Area and they outweigh the two advantage points you mentioned.</p>
<p>It&#8217;s good that you understood that healthcare problem is &#8220;far too complex&#8221;. And that&#8217;s why it cannot be solved by two simple advantage points &#8211; weather and prestige. You need more advantage points and that includes affordability of home price.</p>
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		<title>By: ex-sunnyvale-renter</title>
		<link>http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4804</link>
		<dc:creator>ex-sunnyvale-renter</dc:creator>
		<pubDate>Sat, 16 Feb 2008 20:12:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.burbed.com/2008/02/15/the-housing-downturn-begain-in-late-2005/#comment-4804</guid>
		<description>I have to back up Praley on a lot of this stuff. Having been in the electronic surplus business I can say:

Companies up to 1980: Designed, R&amp;D&#039;d, and built stuff in the BA

Up to 1990 R&amp;D&#039;d stuff in the BA

Up to 2000, gradual liquidation of R&amp;D depts.

2000 - since, last dregs of R&amp;D dug out of corners and outbuildings etc and liquidated, buildings sold off, etc. Companies only maintain a &quot;presence&quot; which is often just a small office, in the BA. A good example is Varian, a huge company, their &quot;presence&quot; is at Central and Lawrence in Sunnyvale, in that building with the arch-shaped doorways. A few doors down is a guy buying up tech stuff used here in the US and exporting to Korea. He&#039;s probably paying his rent better than Varian is.</description>
		<content:encoded><![CDATA[<p>I have to back up Praley on a lot of this stuff. Having been in the electronic surplus business I can say:</p>
<p>Companies up to 1980: Designed, R&amp;D&#8217;d, and built stuff in the BA</p>
<p>Up to 1990 R&amp;D&#8217;d stuff in the BA</p>
<p>Up to 2000, gradual liquidation of R&amp;D depts.</p>
<p>2000 &#8211; since, last dregs of R&amp;D dug out of corners and outbuildings etc and liquidated, buildings sold off, etc. Companies only maintain a &#8220;presence&#8221; which is often just a small office, in the BA. A good example is Varian, a huge company, their &#8220;presence&#8221; is at Central and Lawrence in Sunnyvale, in that building with the arch-shaped doorways. A few doors down is a guy buying up tech stuff used here in the US and exporting to Korea. He&#8217;s probably paying his rent better than Varian is.</p>
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