Some people keep complaining about not wanting to listen the truth. It hurts them when they are given examples of the housing prices falling. I will see you guys in 2 months. Mark my words. I have been talking about the chances of correction for 3 months, and yes you can already see the beginning of the crash. Homeowners here will keep living in denial, but it won’t work in the long run. Tired of explaining the obvious and don’t want to waste anytime on this anymore. Good bye.
Ok.
So, where are you going?
Obviously, OP has been and will always be homeless
you think just SF or Seattle as well?
So I have just bought myself but the writing is basically on the wall. Open house signs up week after week in Fremont, upper queen anne
Good to see you are getting a life, finally.
I’ve been observing the housing market a while, the price has indeed dropped a bit recently
where? inventory has dropped but that’s about it in SF.
will the stock market crash too?
U said in other post u went for open house? If u think about crash certainty then why waste time for open houses?
Obviously to warn the world about the ominous catastrophe of buying a home.
Because everyone in the world will go to that open house
During the mortgage crisis, higher end housing the Bay Area fell in value. Midrange dropped a touch and lower range was flat. I expect nothing different this time.
What in your opinion is high range? $6M+ or $2M+?
You are quite mistaken. During the 2008 crisis, East Bay houses, including Alameda, and Contra Costa County‘s fell by almost 50%. Mid range houses in Southbay and peninsula drop by 25%, and the rich Palo alto homes dropped at most by 10%. This is not surprising because in a recession, executives are always able to hold onto their homes no matter what, while the poor get swept away when they watch their home values tank, and their jobs get axed.
I am with you 💯