Commercial Properties Down; Home Values Up?
http://www.mercurynews.com/mld/mercurynews/business/8836236.htm?1c
Is this trend true only for Santa Clara market or is a moment experienced elsewhere in the country too?
California is repeating itself as always. If you follow the trends in CA you will see that prices go radically high, then the same properties will take a huge dip, or remain the same for the same period of time. Its like watching the stock market. Elsewhere though the prices go up at surges, small and large, but hardly ever go down, unless some sort of economic problem occurs. A factory shutting in a small town for instance, or an encroachment of crime in a suburb from a larger city.
California has its own set of rules. In my opinion, once they start to pay off there deficit you will see the real estate market slow to a grinding halt, or very little growth. If the new governor runs it with a german attitude, then he will shoot for a zero deficit. That being the case, someone will have to pay for the bill, usually tax payers. The higher the taxes, the less growth.
Can the original poster provide a brief summary? I did not want to take the time to sign with the SJ Merc so I can not tell what is being discussed.
John
[addsig]
what do you mean com properties down, i have not noticed that :-?