From: Nona 
Newsgroups: misc.invest.real-estate
Subject: Re: buy a house in bay area
Date: Thu, 21 Jul 2005 00:48:37 GMT

On 19 Jul 2005 23:26:01 -0700, pacman2081@yahoo.com wrote:

>
>I am a 35 year old software engineer working in San Francisco Bay Area.
>I have $250,000 in liquid assets. Does it make sense to purchase a home
>for $600,000 to $800,000 in Bay Area ?
>thanks
>pacman

This is my opinion only -  but we purchased our first home in Bay Area
in 1976.  Wanted to purchased another home closer to work and with
more land, so we sold that one and purchased our current home in
Mountian View.  During those 30 years, we have seen minor to moderate
(depending on the area)  correction every 6-8 years,  a big price
increase for 3-4 years,  flat 1-2 years,  6-15% increase - cycles.
Even if you did purchase at high curve, the price will continue to
increase if you sit on it for 8 years.  Anyway, that's what I've seen
these past 30 years here.  This is said often, but buy a worst looking
home in better areas.  Location is so important.