ZT--=Why 灣區房價 will be slashed in 2008?

Buy property is always a good investment.

Consider the downturn we are facing, without decisive solution from
government, the housing price will get down at least 20-30% for the
following reasons:

1. More financial writeoffs. Financial companies lay off people, slash IT
expenditure. From late 2007, financial layoffs >25K already. UBS already
reduced IT expense.

2. Tech companies facing massive layoffs after CSCO ER and Q2 ER. No more
easy money from financial sectors and manufacturing sectors. IBM and YHOO
already starts laying off. AAPL, INTC both missed their ERs.

3. Consuming down brings retails and manufacturing down. FORD is going to
slash 54K workers. CAT already admitted recession in its ER.

Based on the above fundamental facts, housing price in Bay Area will be
slashed at least 30% this year.

There is no safe heaven in 2008. National wise, rentals is getting more and more cheaper due to heavy foreclosure inventory. There is only selling pressure.

However, effective government solution may
help housing price a lot, but do you think BUSH is effective?

As a smart investment, buying land is much better than buying house during
this timing.

Nation wise, the land price is reduced 20-30% in 2007. When it comes down to 30-50%, it will be a great opportunity to invest.

Those land with water views, close to facilities and highways, will be sure
money in the future unless US broke.

That is just my sense.

Good luck 2008 to all.