Home Selling in California>Question Details

Ms. K, Home Buyer in Castro Valley, CA

Home sellers in Calif-read how you should price your properties & look at what Santa Clara County Assesor's '

Asked by Ms. K, Castro Valley, CA Fri Feb 27, 2009

Prices of homes in East Bay, Calif are still too high. Home sellers living in fantasy land. Home prices in this area still need to come down another 40% minimum & STILL home sellers will be making a killing. In the last 6 years, home prices went up 150% to 200% in this area of Calif. Yes, you read that correctly. 150% to 200%.. The only place one could have gotton those returns would have been in a drug cartel.. It's amazing that sellers are still crying that home prices went down 30% from their highs. THEY ARE STILL MAKING huge profits. Sellers don't understand. Now the government wants to "prop" up these inflated values of homes to former Disneyland prices. What's more important is allowing the natural market forces to intervene so that homes "float" down to their correct prices. Throughout the recent history of 30 yrs, home prices increased to match inflation, period. Look at what Santa Clara County Assessor is doing to properly assess properties. Using 2000 as the baseline!

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