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Apr 2, 2007

mirror economics

I was expecting the business sector to stay strong while the economic stamina of the consumer got winded. I did not expect the housing market of the East Bay to weaken, however. Now in looking at it it makes sense. The East Bay market is essentially spill over from San Francisco. I was looking at the Bay Area as one piece. Actually it is several. San Francisco, South Bay and East Bay. San Francisco has the financial sector and the San Francisco name. South Bay will maintain it's real estate values b/c of the tech sector. The area has such a strong economic base. East Bay, however, doesn't.
 
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