I read an interesting piece that some homes in the Bay Area have already lost $100k of value since summer.....this would portend a loss of property tax income in the future, not a rise.
well ya know even the Lefties are pulling out of SF...
and you don't even have to leave your neighborhood to see that the RE market has topped out...now how much of a "correction" will occur is anyone's guess...
say BTW, any local news on whether the NFL is coming to the Rose Bowl????
source? ;-)
I haven't seen values drop that much in this area, Silicon Valley, at least.
They're still building housing in California also.. somewhere.