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Personal Finances / Buying or Selling a Home


Subject:  Re: more Bay Area frenzy Date:  4/26/2002  9:17 PM
Author:  foobarista Number:  41754 of 129543

I just can't help thinking that the odd bubble in the Bay Area market is a sucker's rally - the tech wreckage is still not quite done - especially with the Bill and Carly show at HP still far from over. Having lived here all my life (family moved to Bay Area during WWII), I've seen wild bid-up real estate markets at least three times, and things always cooled down later. My own feeling is the following:

1. The best time to buy in the Bay Area is the winter, preferably in a
year when there has been Bad News in October. I bought my present place in 1998 in just such a market (the Bad News at the time was the Russian default, and there was a mini-recession which depressed real-estate prices for a few months).
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