Population up in every Bay Area county in 2008
SF Gate: Population by county (Todd Trumbull / The Chronicle) Multimedia (image)
Population up in every Bay Area county in 2008
Population by county (Todd Trumbull / The Chronicle)
“There’s no place that’s better,” said Stephen Levy, director of the Center for the Continuing Study of the California Economy in Palo Alto. “Even though the economy is terrible, it’s performing better here than elsewhere.”
Thanks to Burbed reader Sam for this great news. I don’t know about you, but reading this makes my spirit soar.
The population is exploding, Spring temperatures are here. All this is lining up to form one of the best Spring Bounces in history.
Will this be the start of our return to normalcy? A start of our return to our god given 5%-15% YoY appreciation?
I have high hopes.
(Psst, don’t tell anyone – but I think that this population explosion may be the result of laid off, top educated, former bankers moving from NY to the Bay Area to work on what everyone knows to be the next big thing: green tech. Cha ching baby, cha ching!!)
March 20th, 2009 at 7:24 am
> top educated, former bankers moving from NY to the Bay Area
And this is nothing compared to all the IBM employees who are going to move here!
March 20th, 2009 at 7:37 am
Don’t forget the 100 Chinese people, Herve.
March 20th, 2009 at 7:55 am
> Don’t forget the 100 Chinese people, Herve.
Yes, though some of them may already be IBM employees so we should remain conservative with our estimates.
March 20th, 2009 at 10:12 am
http://www.burbed.com/2009/03/17/houses-in-atherton-now-affordable/#comment-41644
March 20th, 2009 at 4:08 pm
Hey, we’re #1! We got more people and more growth! That means we need more services, and with the budget cuts we’ll get fewer! All right!
March 20th, 2009 at 8:27 pm
From the article:
The population in every Bay Area county grew last year for the first time since 2000, and California as a whole saw modest growth, according to estimates released today by the U.S. Census Bureau.
It means one thing and one thing only: the Bay Area is ready for take-off!
March 20th, 2009 at 8:39 pm
“The Bay Area is ready for take-off!”
Prepare the baby catapults!
March 20th, 2009 at 9:07 pm
This seems to contradict that though.
March 20th, 2009 at 9:28 pm
Increased birth rate would correlate with increased condom use the subsequent months/years, except for those moms who just can’t wait for the next baby… So no obvious contradiction here.
March 20th, 2009 at 10:29 pm
and. well. in SF they aren’t necessarily to prevent babies.
March 20th, 2009 at 10:30 pm
DreamT – I’m killin’ off this thread.
March 20th, 2009 at 10:36 pm
It’s contagious – I’m sorry
March 20th, 2009 at 10:44 pm
awww, now you spoiled it!
March 20th, 2009 at 11:17 pm
Migration to other states in the year ending July 2008 was offset by immigration from abroad and especially by new babies swelling the number of Californians and Bay Area residents, according to data collected by the state’s Department of Finance.
———–
My colleague’s one month daughter just closed a deal for her first home purchase. Didn’t see “Sale-Pending signs”? And guess what, she is Chinese origin and visited open houses (and those were not in her own neighborhood).
March 20th, 2009 at 11:23 pm
the Bay Area is ready for take-off!
——
Yes, just couple of octomoms and bay area will return to double digit appreciation.
And I am not talking about appreciation in population.
March 21st, 2009 at 12:22 am
No Pralay I won’t let you kill this thread either
March 21st, 2009 at 12:29 am
DT – the thread serial killer… is vanquished?
March 21st, 2009 at 1:32 am
not at this early hour of the evening
March 21st, 2009 at 11:05 pm
Jumping thread to get around the f**king spam filter problem…
Steve,
Let me say this again. Ferne is basically in Mountain View North. That’s a very good price considering its location and the state of the economy. It shows many people are fighting for even that kind of house.
March 21st, 2009 at 11:20 pm
it is very simple: are prices higher or lower than they were 9 months ago?
the next question is do you think prices will be higher than now in 9 months more time.
if you think they will be lower, please explain why it makes sense to catch the knife.
if you think they will be higher, please explain why it wasn’t you snapping one of these prime properties up. they are in your stated price range and, with prices on the rise, you run the risk of being priced out forever if you don’t act quickly.
March 21st, 2009 at 11:31 pm
Steve,
Let me give you an analogy. On the top of a 100 story skyscraper there’s a tall antenna. You keep saying the height of the skyscraper is the tip of the antenna. I’m just being rational by telling you it is the roof of the building instead. With that understanding, I see prices within a 15% trading range from the top. The other point I keep telling you is to ignore near-term fluctuations. That’s all that 15% is — fluctuations. You will never see prices come crashing down like what happened outside of RBA. You can dream on. It’s not going to happen. The “falling knife” imagery is just your imagination.
March 21st, 2009 at 11:35 pm
Steve says,
>>please explain why it wasn’t you snapping one of these prime properties up. they are in your stated price range
There you go making up stuff again. The stated price range for my investment property is less than $1M. If any of those properties are actually in my price range, it’d be my house already (except the one in Mountain View North that I don’t want).
March 22nd, 2009 at 8:26 am
There you go making up stuff again
again? the first and only time you made this claim you were corrected.
The stated price range for my investment property is less than $1M.
If you say so. I had thought your budget was flexible when you were discussing buying power, and I am sure Pralay can point out many examples of inconsistency here, but it doesn’t matter to me. I’m happy to change my question to:
why would you ever consider investing in anything other than 94301? with that modest budget, and your projections on future prices, you won’t be able to buy anything not next to a train or freeway in all of Palo Alto for less than $1M, let alone 94301 or investment grade.
March 22nd, 2009 at 8:39 am
Steve says,
>>and I am sure Pralay can point out many examples of inconsistency here,
Facts are facts. Pralay may distort, but there is never been any inconsistency on this matter.
>>why would you ever consider investing in anything other than 94301?
For the same reason majority of the people here cannot consider it.
>> with that modest budget, and your projections on future prices, you won’t be able to buy anything not next to a train or freeway in all of Palo Alto for less than $1M, let alone 94301 or investment grade.
You’re truly confused. When did I say I am limiting myself to Palo Alto?
March 22nd, 2009 at 9:12 am
You’re truly confused. When did I say I am limiting myself to Palo Alto?
RE, you are right; I am not thinking straight. You see, I paid for a 100 story skyscraper and I just found out it only has 80 floors. Worse yet, they are scheduled to take away 10 more floors by summer.
I’m sure I’ll be back to my normal self soon (it was just “icing”), but I still don’t understand why you would buy outside the “green zone.” After all, only Palo Alto has the special sauce:
No matter what price you pay in Palo Alto, you will see it climb even higher with time.
We’ve already established that Los Altos, Menlo Park and the higher end markets (LAH, Atherton, etc) are getting crushed. Your not thinking about one of those cities with fake million dollar houses, are you?
btw, have you checked out the NYT buy v rent calculator? Now that others have explained to you more about mortgages for income property, tax rules and the traditional obligations of landlords, you are ready for the advanced version. but, the real magic is in the two sliders on the left on the basic. plug in some estimates across the top and check out what happens when rents are flat and appreciation is flat.
March 22nd, 2009 at 9:43 am
Steve,
Give him a break. Do you think this guys is really an investor and planning to buy an investment property? This guy is saying it for over a year and will keep saying next five years. Meanwhile he will continue his “right time to buy” bullshits. This guy is an used car salesman.
March 22nd, 2009 at 9:46 am
Facts are facts. Pralay may distort, but there is never been any inconsistency on this matter.
——
RealEstater,
I quote your past statements (and provide links). You made those statements – that is the FACT.
March 22nd, 2009 at 9:47 am
hey,
ignoramusexcreterHere’s where you said you are limiting yourself to RBA. By your definition, only the good properties in PA are RBA. You are “only interested in buying in the RBA.” Therefore, you are only going to buy RBA.
http://www.burbed.com/2009/01/08/follow-up-on-155-senter-road-in-san-jose/#comment-35735