Quote:
Originally posted by stevepaa
No, but if the bubble so obviously exists, someone should know someone who has bought speculatively. I don't and I bought last year and I bought for the long haul.
I live in San Jose and have not seen any speculative buying or flipping.
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The reason being is that all of CA came up to the NW and started buyng condos and houses in "Phase 1" developments.
Buy it, never move in, sit on it till the builder raises the prices, sell it.
rjp