You know what so doesn't make sense about the news right now? Office vacancy is at an all time high in the San Francisco Bay Area, but home prices are at an all time high. Who the hell is buying all these house and driving the prices up? It can't be people who are actually working because there are too many empty offices spaces which means people aren't working and probably can't afford a house.

Personally, I think it's all some huge hype by the residential real estate industry so that home prices don't go the way of commercial real estate. Commercial real estate prices are at 95 levels. Something is very wrong. But if someone is hyping the market, then they need to be careful because too many reports about the high price of real estate will have people fleeing the SF Bay Area region in droves, if they haven't already left. Just like they did in LA a few years ago. And then watch out. My prediction is housing prices will fall below 95 levels and then well, the area is going to be screwed for awhile and this recession that the media is trying to say is leaving us, will be around for much longer, way longer.