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Google Answers: Real Estate prices in San Francisco Bay Area - Los Altos, Cupertino, Saratoga .. Log in | Google Answers Home View Question Ask a Question Q: Real Estate prices in San Francisco Bay Area - Los Altos, Cupertino, Saratoga .. ( Answered , 4 Comments ) Question Subject: Real Estate prices in San Francisco Bay Area - Los Altos, Cupertino, Saratoga .. Category: Business and Money > Economics Asked by: realestatedoom-ga List Price: $10.00 Posted: 06 May 2002 14:46 PDT Expires: 05 Jun 2002 14:46 PDT Question ID: 13448 With everything in the economy setting new lows, the SF bay area realestate is growing up surprisingly. During the hey days of internetboom, the real estate hike was justified with the stock prices. Nowmost of those internet companies are bankrupted or trading at theirlows of a few pennies. Yet, the bay area real estate is HOT, sizzlingand I heard that the home prices are indeed going up. This has left meclueless as it defies all the gravity. I would like to know thereasons. Also, if the reasons indicate that there is a manipualtion ofthis market by vested parties, I would like some pointers as well. Andabove all, when does one see the real estate crash in this area andwhat could trigger the same. Thanks. Answer Subject: Re: Real Estate prices in San Francisco Bay Area - Los Altos, Cupertino, Saratoga .. Answered By: easterangel-ga on 19 May 2002 03:53 PDT Rated: Hi! Thanks for the question. I have collected the following assessments on why the Bay Area realestate market is being overpriced right now.According to these two articles by Broderick Perkins of the RealtyTimes he mentioned two underlying factors: (a and b).a. “The area's housing market is further influenced by the contractionof household wealth, largely due to the bust in the area'stechnology-based economy.”“When the market crashed, housing prices declined, and many newhomeowners, who found themselves with a mortgage they could no longerafford, put their homes on the market.”These statements are particularly trying to point out that a selectivefew are trying to squeeze the real estate market especially forhigh-end homes. http://realtytimes.com/rtnews/rtcpages/20020205_bayarea.htm b.) “The spotty-market syndrome” – “A record high "luxury" home price index that doesn't fully jibe withreports of lagging sales activity is a red flag indicating aspotty-market that warrants close scrutiny by both buyers and sellers.Spotty-Market syndrome or reporting is using data that does notadequately represent the targeted population in this case the sellersand buyers of homes in the Bay Area. ““Home shoppers may buy into bidding wars that don't exist and pay toomuch in a flat or depreciating market in a given neighborhood… couldbe trickling down to mid-priced homes which aren't appreciating asfast as even cheaper condos and townhomes.” http://realtytimes.com/rtnews/rtcpages/20010223_bayprices.htm Do these two statements subscribe to your suspicion as regards tosomeone or somebody trying to control the market? I think they do.c.) Supply and demand. There is such a demand for land/housing in theBay Area, and this drives the price of homes up. However, there areaffordable housing options. This was taken from Advantage Homeswebsite. This can be located at the lower part of the web page. http://216.239.33.100/search?q=cache:2eSmmIcxiNcC:www.bayarea.com/mld/bayarea/business/personal_finance/debt_management/mortgages/ask_expert_front.htm+%2BWhy+Bay+Area+homes+expensive&hl=en d.) The region's economy is so much more diverse than a decade ago.This reason is specifically a factor for the Sacramento area accordingto this article. http://www.sacbee.com/static/archive/home/realestate/2001/0520.html Some housing bargains in the Bay Area are mentioned this article.Housing Bargains: http://beta.kpix.com/news/5reports/Housing_Bargains.shtml As to your question as to when it would end? The second article ofBroderick Perkins which I cited said this near the end."Buyers and sellers are cautioned to keep tabs on sales and prices ofall homes. As spring approaches with its seasonally more activemarket, a clearer picture of the spotty market should emerge -- forbetter or for worse."The article continued that small changes in the Bay Area economy willchange the balance of supply and demand bringing pressure for high-endhome prices to go down. http://realtytimes.com/rtnews/rtcpages/20010223_bayprices.htm I pray that right now this is the case. Search Terms Used:+Why Bay Area homes expensivespotty marketI hope this would be of help. Thanks for being a part of GoogleAnswers.Regards,Easterangel-ga realestatedoom-ga rated this answer: provides good insight. of course, i am still puzzled on who and howpeople can so easily afford 1+ million homes in the bay area assumingnot much money is flowing from stock options?. i am also a littlepuzzled that the "demand" has not waned out significantly due to fallout of "tech" economy here!. in any case, thanks for the answer. Comments Log in to add a comment Subject: Re: Real Estate prices in San Francisco Bay Area - Los Altos, Cupertino, Saratoga .. From: delphina-ga on 06 May 2002 15:33 PDT prices are indeed going up. houses are still selling quickly withmultiple bids. why? not everyone was wiped out in the dot-com crash.those that made it, made it, and those that didn't are already gone. basically, it won't crash unless there is an earthquake.everything you need to know is in carol lloyd's Surreal Estate columnin the San Francisco Chronicle.see here: http://www.sfgate.com/columnists/lloyd/archive/ Subject: Re: Real Estate prices in San Francisco Bay Area - Los Altos, Cupertino, Saratoga .. From: realestatedoom-ga on 06 May 2002 16:43 PDT so, how does an earthquake impact the prices given that this region iseqrthquake prone. why is the buying herd not factoring this?. readingthrough lloyd's article, there is a sense of desperation amongstbuyers (so there are still buyers at this price left:), wonder whythey don't choose other greener pastures where they do not have tosacrifice their entire life paying huge mortgages in an uncertain andimploding tech and job market!.) to own the realty in the bay area. isthat desperation out of a need to be in this area or pyramid formationwhere you buy and get out of this in a few years selling the home fora huge profit. a.k.a like buying internet stocks at hyped up priceswith an idea of selling them to a bigger fool at higher prices. aslong as the pyramid continues, it all looks great. didn't we seeenough of that with internet stock bubble?. if so, when does the realestate bubble/pyramid come crashing? Subject: Re: Real Estate prices in San Francisco Bay Area - Los Altos, Cupertino, Saratoga .. From: claudietta-ga on 17 Jun 2002 01:19 PDT I think there were plenty of people with high incomes waiting for thehousing market to adjust, prior to the bubble bursting. Since therecontinues to be a large portion of high income earners in SiliconValley, say >$100k/person/yr; a $200k household could easilty afford a$1m-home. These could be earned by a single CEO or two professionalswith that sort of total income. In the high-end districts, Los AltosHills, Saratoga, Woodside, this is precisely the profile of the homeowners. There are plenty CEOs and professionals (lawyers, engineers,managers) who make that amount of money.I've also heard of many who've lost their $5m-homes, and have had to'settle' for a $2m-home.The very high-end, >$2.5m is where the real housing crisis is inSilicon Valley.claudietta-ga Subject: Re: Real Estate prices in San Francisco Bay Area - Los Altos, Cupertino, Saratoga .. From: krup-ga on 30 Oct 2002 01:38 PST I am baffled that the effect of low interest rates has not yet beenmentioned- people are able to afford more, so they do. It's theAmerican way.Check out Fortune's recent cover article with a pic of an SF domicileentitled, "Is this House worth $1.2 Million?" It sums up thesituation perfectly.http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc_id=209840 Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service . If you feel that you have found inappropriate content, please let us know by emailing us at answers-editors@google.com with the question ID listed above. Thank you. Search Google Answers for all questions answered questions unanswered questions Google Home - Answers Help & Tips - Answers FAQ - Terms of Service - Privacy Policy ©2005 Google

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Air Force Reserve Command Public Access Web Page Home News Releases Resources for Reservists /Employers Subscribe AFRC Units Site map Search AFRC Charleston Reserve unit help set C-17 flying record CHARLESTON AIR FORCE BASE, S.C. (AFPN) -- The largest formation of C-17 Globemaster IIIs from a single base took off this morning from here in a demonstration of the strategic airdrop capability of the Air Force. ( full story ) Air Force Reserve Command Headlines Hurricane hunters close out record season KEESLER AIR FORCE BASE, Miss. -- The "Hurricane Hunters" of Air Force Reserve Command's 53rd Weather Reconnaissance Squadron flew their last mission of the record 2005 Atlantic Hurricane Season in December. Bradley endorses new hearing protection for Reservists WRIGHT-PATTERSON AIR FORCE BASE, OHIO -- Technology developed at the Air Force Research Laboratory here to prevent noise-induced hearing loss will become the preferred solution for Air Force Reserve Command aviators. AF Reserve Command vice commander retires ROBINS AIR FORCE BASE, Ga., -- Maj. Gen. David E. Tanzi, Air Force Reserve Command vice commander, will retire in a ceremony Jan. 11 after 37 years of service. Leadership changes in AFRC, 10th Air Force ROBINS AIR FORCE BASE, Ga. Senior leaders in Air Force Reserve Command and one of its numbered air forces change jobs in late December and early January. Space group to activate new unit SCHRIEVER AIR FORCE BASE, Colo. Air Force Reserve Commands 310th Space Group will travel deeper into the space program when it activates a new unit Jan. 7. Security forces compete for Air Force awards ROBINS AIR FORCE BASE, Ga. Security forces units in Ohio and New Jersey are competing for the title of best Air Force Reserve Command SF unit. In addition, these units have representatives in the hunt for top individual awards in the Air Force. Reservists act as Santa for Veterans Home residents MINNEAPOLIS-ST. PAUL JOINT AIR RESERVE STATION, Minn. (AFPN) -- Santa visited the residents of the Minnesota Veterans Home in Minneapolis Dec. 13, but this time he came in the form of the Air Force Reserve. Hanoi Taxi checks out its new home A C-141 Starlifter aircraft, better known as the Hanoi Taxi, flies over its soon-to-be new home at the National Museum of the U.S. Air Force adjacent to Wright-Patterson AFB, Ohio, Dec. 13. This particular aircraft gained fame when it was used to return American prisoners of war back home at the end of the Viet Nam War. As the last operational C-141 in Air Force Reserve Command's 445 Airlift Wing, the historic aircraft is scheduled to retire and be dedicated at the museum May 5-6. The Reserve wing started replacing its C-141s with C-5 cargo aircraft in October and plan to have a total of 11 C-5s by April 2007. (Courtesy Photo by John Rossino) Download Full Image New rules to reinforce Guard, Reserve re-employment protections WASHINGTON (AFPN) -- The National Committee for Employer Support of the Guard and Reserve is lauding the Labor Department announcement issuing rules clarifying re-employment rights for citizen-soldiers. They said the Dec. 16 announcement is a major step forward for guardsmen, reservists and their civilian employers. 301st home from Iraq 12/12/2005 - NAJ JRB FORT WORTH, Texas -- Capt. Chris Gough, 457th Fighter Squadron pilot, gathers hugs of love from his family members after their return from Iraq. More than 150 members of the Air Force Reserve Command's 301st Fighter Wing returned Dec. 11 following a two-month deployment Balad AB, Iraq in support of the Air Expeditionary Forces. Other AFRC F-16 units are scheduled to return from Balad in January. (U.S. Air Force photo by Tech. Sgt. Julie Briden-Garcia) ( hi-resolution image ) Red, White and Air Force Blue Christmas Lee Ann Womack helps ring in the holidays with a special tribute for Air Force members. Click here to go to Air Force Link and click on the Air Force Holiday Music tab to listen in to this holiday special. Reservists can manage career info online DENVER (AFPN) -- Air Force reservists can now go online to create an account on the Reserve Personnel Centers Virtual Personnel Center-Guard Reserve portal. Reserve Personnel Center automates 20-year and mortgage letters DENVER (AFPN) -- The Air Reserve Personnel Center set another transformation milestone with the self-service automation of the reissue of 20-year and mortgage letters. Delivering the 'J' Lt. Gen. John A. Bradley, commander of Air Force Reserve Command, sits in in the cockpit before takeoff in a new C-130J Hercules Monday from the Lockheed-Martin facility in Marietta, Ga. General Bradley helped ferry the Herc from Marietta to the 403rd Wing at Keesler Air Force Base, Miss. The flight took about one hour. ( hi-resolution ) Trick Pony brings season's greetings to troops Trick Pony, Country Music Award winners, join up with Blues Traveler's John Popper to hitch a ride and entertain U.S. troops in Germany, Turkey, a forward-operating base in Southwest Asia, and a final stop at Keflivik, Iceland. From left, Ira Dean, Heidi Newfield, John Popper and Keith Burns bring it all together to tell the troops thanks. (U.S. Air Force photo by Ken Hackman) ( More photos and story ) Air Force Reserve fighters destroy terrorist hideout SOUTHWEST ASIA Air Force Reserve Command F-16 pilots bombed a booby-trapped house near Al Mahmudiyah, Iraq, Nov. 23. Reservist giving warfighters gifts they can use INCIRLIK AIR BASE, Turkey (AFPN) -- Giving and receiving are the hallmarks of the holiday season. If you don't believe it, ask the aerial porters here who receive an average of 600,000 pounds of cargo every day and give the warfighters in Iraq "gifts" they can use. Ramstein Reservist helps injured troops get home RAMSTEIN AIR BASE, Germany (AFPN) -- "Home for the holidays" is a familiar goal for many military people, but not Tech. Sgt. Katheryn Bicker. This Reservist from the 944th Fighter Wing at Luke AFB, Ariz., is forgoing her own holidays to help others in what she feels is the true spirit of the season. Late bloomer goes to other lands to help people WRIGHT-PATTERSON AIR FORCE BASE, Ohio A flight nurse in the 445th Aeromedical Evacuation Squadron here is a classic example of a late bloomer. 9 one-stars, 15 colonels get promotion nod WASHINGTON Nine brigadier generals and 15 colonels in the Air Force Reserve were nominated by the president Nov. 22 for promotion to the next higher rank. US builds bonds during the 2005 Dubai air show DUBAI, United Arab Emirates Usually when one thinks of the United States displaying air power in the Middle East, the promotion of economic growth and good will does not come to mind, but that is exactly why the U.S. Air Force and Navy are on hand during the Dubai 2005 Air Show. Reservist medical-dental records easier to get DENVER (AFPN) -- The Air Reserve Personnel Center will move the medical and dental records of some reservists to the active-duty base where they serve as part of a test to streamline operations. Reserve F-16s strike insurgents in Iraq SOUTHWEST ASIA -- Air Force Reserve Command F-16s along with Air Force F-15s and Predators flew air strikes against insurgents near the Iraqi-Syria border Nov. 14 in support of Operation Steel Curtain. ( full story ) Reserve F-16s patrol over Iraq FORT WORTH, Texas -- Air Force Reserve Command F-16 Fighting Falcon fighters are providing combat air support for U.S. and coalition forces in Iraq. Hundreds of aircrews and support people from four fighter wings began flying close-air-support and combat air patrol missions in September on a rotational basis. The last contingent of reservists from the 10th Air Force units returns home in January. Holiday season message highlights importance of life WASHINGTON As the holiday season and another year approach, let us take time to consider what is really important family and friends. Home Please read this privacy and security notice AFRC Units Resources for Reservist Pubs and Forms News Releases Search AFRC Contact Public Affairs FOIA Site map AFRC Site Accessibility Page last updated on December 29, 2005 Hot Job opportunities V olunteer R eserve S ystem Job vacancies Active Guard and Reserve Air Reserve Technician Civil Service positions Join the Air Force Reserve News and Information News Release s Citizen Airman Magazine Handbook for Congress AFRC Facts and Figures AFRC Fact Sheets AFRC Leadership Bios AFRC Mission Briefing Air Force Link AF TV News AF Radio News Airman Magazine Army News Service Defense Link Early Bird Anthrax Brief Parent Pin Program Freedom of Information AFRC Units/Directorates AFRC Wings/Groups AF Reserve Band Command Chaplain Logistics (Contracting) Resources for Reservists FAQs about active duty Guard Reserve Portal USERRA Advisor Military Health System Family Readiness Reserve Advisory Board Pay Matters Air Force Crossroads Resources for Employers Employer Support of the Guard and Reserve (ESGR) Info for Employers Info for Military Info for Volunteers Get the facts: Read the latest edition of Air Force Reserve Handbook for Congress

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