GoFuckYourself.com - Adult Webmaster Forum - View Single Post - California Real Estate Prices...People Leaving In Droves

Meloman · 11-27-2004, 04:33 PM

I love California property & prices. My family has made good money over the years from various property investments.

I'm in San Francisco. The cool thing about SF and the peninsual is that there is no more room to build. We're the perfect example of supply & demand economics. From San Francisco to San Jose you've got a ton of cities with an average home cost of $500K+ and it just keeps rising. You've got the bay on one side and mountains on the other. There's no room to build, it's an economically strong area (despite the dot com bust there's still PLENTY of work overal) so prices just keep increasing.

Now on the east bay stretching from Oakland to Sacramento there's a TON of new construction going on. All the farm lands on that side are all being converted to new towns. My buddy bought a new construcion home for like $350K last year and by the time he movied in this past July it was all ready worth $500K. Some town about 45 minutes north of SanFrancsico.

I see soooo much new construction going on right outside the bay area that it's safe to say that even though people are leaving California there's still plenty of people buying right here.

I love Norhtern California

11-27-2004, 04:33 PM
Meloman Confirmed User Industry Role: Join Date: Jul 2001 Location: Sacramento,CA Posts: 1,540	I love California property & prices. My family has made good money over the years from various property investments. I'm in San Francisco. The cool thing about SF and the peninsual is that there is no more room to build. We're the perfect example of supply & demand economics. From San Francisco to San Jose you've got a ton of cities with an average home cost of $500K+ and it just keeps rising. You've got the bay on one side and mountains on the other. There's no room to build, it's an economically strong area (despite the dot com bust there's still PLENTY of work overal) so prices just keep increasing. Now on the east bay stretching from Oakland to Sacramento there's a TON of new construction going on. All the farm lands on that side are all being converted to new towns. My buddy bought a new construcion home for like $350K last year and by the time he movied in this past July it was all ready worth $500K. Some town about 45 minutes north of SanFrancsico. I see soooo much new construction going on right outside the bay area that it's safe to say that even though people are leaving California there's still plenty of people buying right here. I love Norhtern California