Real Estate Prices

Find Your Home Value, House Values and Prices on Yahoo! Real Estate Find Your Home Value, House Values and Prices Choose Location Home Homes for Sale Apartments for Rent Home Loans Moving & Insurance Tools My Real Estate Real Estate > Resources & Tools > Home Values and Prices Features Classifieds • Sell Your Home • Rent Your Apartment Home Search • Find Homes for Sale • Find Properties for Rent REALTORS • Find & Compare REALTORS Mortgages & Financing • Find a Lender • Today's Mortgage Rates • Loan Calculators • Credit Reports • Refinance Loans Resources • Moving Services • Foreclosure Center Neighborhood Research • What's My Home Worth? • School Profiles • Neighborhood Profiles Specialty Property • Foreclosures • New Homes • Commercial Real Estate • List Commercial Real Estate Home Improvement & Services • Home Services • Home Improvement Library • House Facts Get Home Values and Prices Sponsored by Get Home Values and Prices Access millions of public real estate records instantly! This comparable sales data helps you analyze the value of your home or other homes in seconds. Results include price, square footage, bedrooms, and year built (where available). You can also get a custom home valuation from a top-performing local REALTOR! Street Address: City & State or Zip: Sponsored Links Find a Real Estate Appraiser Find a real estate appraiser anywhere throughout the USA. Licensed, pre-screened, searchable by city and zip. www.appraiserwho.com Instant Real Estate Appraisals Instant and accurate home valuations. Buying or selling? Our multi-page reports give an accurate viewpoint of your property value. Comprehensive reports, including tax data. Nationwide. www.electronicappraiser.com Free Real Estate Appraisal Visit Homescape.com now to sign up for a free, no-obligation real estate appraisal and find local real estate agents to help you sell. www.homescape.com Find Real Estate Appraisers Search our free nationwide database of real estate appraisers. Fast searches and precise coverage areas. Come and see the difference. www.appraisermatch.com (Become a Sponsor) Homes For Sale - Apartments For Rent - Current Mortgage Rates - Real Estate Agents - Local - Yellow Pages

Rental Property If you

Tax Deductions for Rental Property Home | About Us | Office Locator | Tax Resource Center | Investor Relations | FAQ | Contact Us | Site Map Tax Resource Center Tax Forms Tax Changes Tax Tips Deductions@Work Tax Calculators Tax Links What to Bring Checklist Top 50 Overlooked Deductions Top Overlooked Credits Tax Topics Disasters and Casualties Tax Education Tax Glossary Tax Trivia for Tax Year 2005 Home : Tax Resource Center : Tax Topics Rental Property If you own rental real estate, you should know how it impacts your personal tax return. Rental income must be reported on your tax return, and generally, associated expenses can be deducted from your rental income. Reviewing answers to the following common questions regarding rental property may help you understand the tax implications of rental property ownership: What is considered rental income? What deductions can I take as an owner of rental property? What are some things I should know about rental property? Contact your local Jackson Hewitt office for more information or assistance. Use the Office Locator feature available on this Web site or call 1-800-234-1040 to find the Jackson Hewitt location most convenient to you. What is considered rental income? Rental income is any income you receive for the use or occupancy of property you own. Some examples are: Rent Payment to cancel a lease Advance rent Expenses paid by the tenant Any security deposit kept because a tenant did not fulfill their part of the rental agreement Do not include: A security deposit you are holding with the intent of returning it to the tenant at the end of the lease Income received from renting your home for fewer than 15 days per year Back to Top What deductions can I take as an owner of rental property? Deductible expenses for rental property are the ordinary and necessary expenses to manage, conserve, and maintain your property. Deductible expenses include: Advertising in the newspaper for tenants and cost of signs Cleaning supplies Real estate taxes Mortgage and other interest paid for the rental property Cost of insurance-hazard, flood, fire, or liability Payments for service such as lawn care, pest control, and trash collection Payments for maintenance of the property Professional fees for tax advice and tax return preparation fees for the part of the tax return dealing with rental property Cost of new locks and keys Commissions paid for finding tenants Cost of necessary transportation to and from the rental property for the purpose of maintenance, management, rent collection, picking up supplies, or checking the property (if you use your personal vehicle, either keep track of actual expenses and miles traveled or just the miles traveled) Cost of repairs and maintenance (not improvements) to keep your property in good condition (this includes items such as repainting and fixing floors and windows) Cost of renting equipment used for the rental property Depreciation of the property (not including the land) Depreciation of appliances, furnishings, and improvements Any long distance calls associated with your rental property The court costs for evicting a tenant Legal fees pertaining to the rental property or tenants Utilities Expenses incurred when the property is not rented as long as you are actively trying to rent the property (even if you are renting it for the first time) You cannot deduct: Rental income lost due to vacancy The cost of improvements which increase the value and/or extend the life of the property or modify it for a new use (includes such things as a room addition, new carpet, new appliances, fencing, or a new roof - these items can generally be depreciated) Back to Top What Are Some Things I Should Know About Rental Property? If you rent only part of your property, certain expenses must be divided between the part used as rental property and the part used for personal purposes. If you do not rent your property for profit, you can deduct your rental expenses only up to the amount of your rental income. When rental property is sold, the resulting gain or loss is treated as ordinary or capital, depending on the circumstances. The rental of personal property such as equipment or vehicles is reported as business income. You are in the business of renting personal property if the primary purpose for renting the property is income or profit and you are involved in the activity on a continuous and regular basis. If your rental of personal property is not a business, other rules for reporting will apply. Losses from residential rental properties are subject to certain limitations. If you are considered a real estate professional, special rules apply for the reporting of income and losses. For more information, contact your local Jackson Hewitt Tax Service office. Back to Top Back to Tax Topics Tax Tips JOB-RELATED EXPENSES Some of your job-related expenses that may be deducted include union dues, job-related magazines and books, and other related business expenses. Generally, you must depreciate the cost of tools used in your work. If your employer requires you to wear work clothes or uniforms that are not suitable for everyday wear, you may deduct the cost and upkeep. home | about us | tax news | tackle your taxes | learn & earn | own a franchise | work with us | privacy/terms of use © 2004 Jackson Hewitt Inc. All rights reserved.

home equity loans Average

NYS Banking Department-Home Equity Loans Survey Interest Rate Information Home Equity Loans Markets Albany Buffalo Long Island New York Metro Rochester Syracuse Westchester Co, NY Definition of terms used in this survey New York State home equity loans Average Highest Lowest 7.31 8.50 5.50 Albany Institution Telephone Date Rate Fees and Conditions Bank of America, NA 800-299-2265 12/23/05 8.45 .25% disc w/auto debit; $5,000 min Central National Bank 800-449-6842 12/23/05 7.00 .50% disc w/auto debit; $7,500 min Citibank 800-627-3999 12/23/05 7.40 .25% disc w/auto debit; $25,000 min Citizens Bank, N.A. 800-922-9999 12/23/05 6.35 $10,000 min First Niagara Bank 518-270-3200 12/23/05 6.75 .25% disc w/auto debit; $340 fee; $10,000 min HSBC Bank USA 800-975-HSBC 12/23/05 8.38 $10,000 min KeyBank 888-KEY-1234 12/23/05 7.14 Range: 7.14-8.94%; .25% disc w/auto debit; $99 fee; $5,000 min M&T Bank 800-724-2440 12/23/05 7.74 .25% disc w/auto debit; $15,000 min Pioneer Savings Bank 518-274-4800 12/23/05 6.00 $50 fee; $2,500 min TrustCo Bank 518-436-9043 12/23/05 7.00 $5,000 min Buffalo Institution Telephone Date Rate Fees and Conditions Bank of Akron 716-542-5401 12/23/05 6.25 $500 fee; no min Bank of America 800-299-2265 12/23/05 8.45 .25% disc w/auto debit; $5,000 min Chase Bank 800-CHA-SE24 12/23/05 7.75 Range: 7.75-10.45%; .25% disc w/auto debit; $5,000 min Citibank 800-627-3999 12/23/05 7.40 .25% disc w/auto debit; $25,000 min Citizens Bank, N.A. 800-922-9999 12/23/05 6.35 $10,000 min Evans National Bank 716-549-6000 12/23/05 6.50 .25% disc w/auto debit; $7,500 min First Niagara Bank 877-722-9842 12/23/05 6.75 .25% disc w/auto debit; $340 fee; $10,000 min HSBC Bank USA 800-975-HSBC 12/23/05 8.38 $10,000 min KeyBank 888-KEY-1234 12/23/05 7.14 Range: 7.14-8.94%; .25% disc w/auto debit; $99 fee; $5,000 min M&T Bank 800-724-2440 12/23/05 7.74 .25% disc w/auto debit; $15,000 min Long Island Institution Telephone Date Rate Fees and Conditions Astoria Federal S&LA 800-278-6742 12/23/05 7.63 .25% disc w/auto debit; $20 yrly fee; $10,000 min Bank of America 800-299-2265 12/23/05 8.45 .25% disc w/auto debit; $5,000 min Bank of New York 212-495-1784 12/23/05 6.25 $10,000 min Chase Bank 800-CHA-SE24 12/23/05 7.75 Range: 7.75-10.45%; .25% disc w/auto debit; $5,000 min Citibank 800-321-2484 12/23/05 7.40 .25% disc w/auto debit; $25,000 min HSBC Bank USA 800-975-HSBC 12/23/05 8.38 $10,000 min M&T Bank 800-724-2440 12/23/05 7.74 .25% disc w/auto debit; $15,000 min Ridgewood Svgs Bk 718-240-4800 12/23/05 6.00 .50% disc w/auto debit; no min Suffolk County NB of Riverhead 631-208-2222 12/23/05 6.75 $5,000 min Washington Mutual Bank 800-788-7000 12/23/05 8.50 .13% disc w/auto debit; $10,000 min New York Metro Institution Telephone Date Rate Fees and Conditions Astoria Federal S&LA 800-278-6742 12/23/05 7.63 .25% disc w/auto debit; $20 yrly fee; $10,000 min Bank of New York 212-495-1784 12/23/05 6.25 $10,000 min Chase Bank 800-CHA-SE24 12/23/05 7.75 Range: 7.75-10.45%; .25% disc w/auto debit; $5,000 min Citibank 800-321-2484 12/23/05 7.40 .25% disc w/auto debit; $25,000 min HSBC Bank USA 800-975-HSBC 12/23/05 8.38 $10,000 min Independence Community Bank 800-732-3434 12/23/05 6.49 .25% disc w/auto debit; $10,000 min Queens County Svgs Bk 718-268-6801 12/23/05 7.99 Range: 7.99-10.99%; $600-1000 fee; $10,000 min Union State Bank 800-887-8775 12/23/05 6.25 1.50% disc w/auto debit; $100 refundable app. fee; $5,000 min Wachovia Bank, NA 800-922-4684 12/23/05 6.84 Range: 6.84-8.00%; $150 fee; $8,000 min Washington Mutual Bank 800-788-7000 12/23/05 8.50 .13% disc w/auto debit; $10,000 min Rochester Institution Telephone Date Rate Fees and Conditions Bank of America, NA 800-299-2265 12/23/05 8.45 .25% disc w/auto debit; $5,000 min Chase Bank 800-CHA-SE24 12/23/05 7.75 Range: 7.75-10.45%; .25% disc w/auto debit; $5,000 min Citibank 800-627-3999 12/23/05 7.40 .25% disc w/auto debit; $25,000 min Citizens Bank, N.A. 800-922-9999 12/23/05 6.35 $10,000 min Community Bank, N.A. 800-388-4679 12/23/05 5.50 no auto debit offered 25000 min First Niagara Bank 716-434-6621 12/23/05 6.75 .25% disc w/auto debit; $340 fee; $10,000 min Five Star Bank 888-624-2300 12/23/05 5.99 .25% disc w/auto debit; $10,000 min HSBC Bank USA 800-975-HSBC 12/23/05 8.38 $10,000 min KeyBank 888-KEY-1234 12/23/05 7.14 Range: 7.14-8.94%; .25% disc w/auto debit; $99 fee; $5,000 min M&T Bank 800-724-2440 12/23/05 7.74 .25% disc w/auto debit; $15,000 min Syracuse Institution Telephone Date Rate Fees and Conditions Alliance Bank 800-310-6275 12/23/05 6.75 $5,000 min Bank of America, NA 800-299-2265 12/23/05 8.45 .25% disc w/auto debit; $5,000 min Chase Bank 800-CHA-SE24 12/23/05 7.75 Range: 7.75-10.45%; .25% disc w/auto debit; $5,000 min First Niagara Bank 877-722-9842 12/23/05 6.75 .25% disc w/auto debit; $340 fee; $10,000 min HSBC Bank USA 800-975-HSBC 12/23/05 8.38 $10,000 min KeyBank 888-KEY-1234 12/23/05 7.14 Range: 7.14-8.94%; .25% disc w/auto debit; $99 fee; $5,000 min M&T Bank 800-724-2440 12/23/05 7.74 .25% disc w/auto debit; $15,000 min Partners Trust Bank 866-777-8659 12/23/05 6.99 .50% disc w/auto debit; $7,500 min Solvay Bank 315-468-1661 12/23/05 6.37 $2,500 min The Oneida Savings Bank 315-363-2000 12/23/05 6.50 .25% disc w/auto debit; $7,500 min Westchester, Co Institution Telephone Date Rate Fees and Conditions Astoria Federal S&LA 800-278-6742 12/23/05 7.63 .25% disc w/auto debit; $20 yrly fee; $10,000 min Bank of America, NA 800-299-2265 12/23/05 8.45 .25% disc w/auto debit; $5,000 min Bank of New York 212-495-1784 12/23/05 6.25 $10,000 min Chase Bank 800-CHA-SE24 12/23/05 7.75 Range: 7.75-10.45%; .25% disc w/auto debit; $5,000 min Citibank 800-321-2484 12/23/05 7.40 .25% disc w/auto debit; $25,000 min First Niagara Bank 877-722-9842 12/23/05 6.75 .25% disc w/auto debit; $340 fee; $10,000 min HSBC Bank USA 800-975-HSBC 12/23/05 8.38 $10,000 min Union State Bank 800-887-8775 12/23/05 6.25 1.50% disc w/auto debit; $100 refundable app. fee; $5,000 min Wachovia Bank, NA 800-922-4684 12/23/05 6.84 Range: 6.84-8.00%; $150 fee; $8,000 min Washington Mutual Bank 800-788-7000 12/23/05 8.50 .13% disc w/auto debit; $10,000 min Rates are subject to change without notice and may vary from branch to branch. Although the rates reported here have been obtained from the financial institutions themselves, the accuracy of the information cannot be guaranteed by the publisher. 2005: Bankrate.com All rights reserved. | Home | Search | SiteMap | | Interest Rates | | Credit Cards | MortgageRates | Home Equity Lines of Credit | | Home Equity Loans | New Auto Loans | Used Auto Loans | Last Modified Friday, December 23, 2005 FastCounter by bCentral

Home mortgage news Are

UK mortgages home: mortgage calculator, rates & lenders list Mortgages UK: Mortgage calculators, rates & lenders list Mortgage Quote Line 0845 108 0505 MORTGAGES.CO.UK MORTGAGES CREDIT CARDS LOANS INVESTMENTS LIFE INSURANCE HOME INSURANCE INSURANCE KEY WORKER MORTGAGES MORTGAGE NEWS REMORTGAGES MORTGAGE CALCULATOR FIRST TIME BUYERS BUY TO LET MORTGAGES MORTGAGE INFORMATION MORTGAGE PROTECTION INSURANCE POOR CREDIT MORTGAGES EQUITY RELEASE MORTGAGES LARGE MORTGAGES COMMERCIAL MORTGAGES INTERNATIONAL MORTGAGES HOLIDAY HOMES MONEY SAVING TIPS FOR HOME OWNERS BAD CREDIT MORTGAGES UK MORTGAGE LENDERS DIRECTORY ENDOWMENT MORTGAGES DIVORCE & MORTGAGES NEW MORTGAGE TYPES: Current Account Mortgages Islamic Mortgages Green Mortgages Self Build Mortgages Shared Ownership Mortgages TOOLS: MAXIMUM BORROWING MORTGAGE CATEGORIES MORTGAGE LIFE INSURANCE MORE LINKS : CREDIT CARDS PERSONAL LOANS LIFE INSURANCE PENSIONS Search all Financial Services Welcome to Mortgages.co.uk , your comprehensive online UK mortgage portal. We have over 100 pages of information , questions & answers and glossary sections, with separate areas for remortgages , buy to let , commercial mortgages , international mortgages , inheritance tax and how to make a will . Read our guide for homeowners 2005. For an international mortgage or overseas mortgage for investment properties or holiday homes in Australia , Bulgaria , Canada , Caribbean , Cyprus , Florida , France , Greece , Ireland , Italy , Malta , Poland , Portugal , South Africa , Spain and the USA . To make an enquiry now please click here . Mortgage Calculator Enter Mortgage Amount: £ Enter Mortgage Interest:% Enter Mortgage Term: 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 11 years 12 years 13 years 14 years 15 years 16 years 17 years 18 years 19 years 20 years 21 years 22 years 23 years 24 years 25 years 26 years 27 years 28 years 29years 30 years Your Monthly Payment Will Be: Repayment: £ Interest only: £ For a no obligation quotation You may also wish to start by using our interest rate calculator service, or by comparing products on offer from different lenders . If you would like mortgages.co.uk to put you in touch with a regulated adviser call 0845 1080505 8 out of 10 people in the UK are paying too much for their mortgage. Find out if YOU are one of them, and get a FREE, no obligation quote. Do you have mortgage protection insurance ? Why not get a free quote for Accident, Sickness & Unemployment cover, and SAVE up to 33% compared to high street lenders. Cover starts at just £3.95 per £100.00 of benefit, with cover from day one. You can apply online and get the first three months of cover FREE . We also have directory of UK brokers , or you can let us do the work for you by filling in our simple, no obligation one minute enquiry form . Today's Most Popular Results Mortgage Enquiry Form Need Life Insurance? ------ Mortgages - Information Mortgages - Home ------ Financial Services - Home mortgage news Are bad credit mortgages available to anyone? - Thu, 29 Dec 2005 Mortgage lending reaches new high - Thu, 29 Dec 2005 Good year for first-time buyers predicted - Wed, 28 Dec 2005 More News ARREARS & CCJs? Remortgages Sub Prime Mortgages Arrears, CCJs Self Certification Adverse Credit Debt Consolidation APPLY NOW FREE HOME CONSULTATION APPLY HERE PROTECT YOUR MORTGAGE 3 month's free mortgage protection cover APPLY NOW None of the information on this website is intended to promote any specific mortgage product or provide mortgage advice. Mortgages.co.uk is a non-regulated trading name of Financial Services Net Ltd. links | contact us | advertise with us | Add to your favourites Mortgages.co.uk (C) 2005 Financial Services Net Ltd [Terms & Conditions] more sites: pensions | PMI | cheap flights | ink cartridges | income insurance

Real Estate prices in

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