A fellow real estate contrarian

Here's a very interesting read I came across last week (somehow the date on that page is always the current date). The author shares my non-mainstream views of the real estate market.

The first part of this article sums up pretty well why I've been so pessimistic about the Bay Area housing market over the past year, plus some facts and reasons I didn't know.

EDIT: I checked out the U-haul rates. A 26' truck from Richardson, TX, to San Jose costs $632, but the same truck moving in the other direction costs $2929, or 4.6 times as much! (Richardson, like San Jose, is home to a whole bunch of high tech companies.)