Home prices going down again!?

PayPal wknu08
Apr 14 13 Comments

Y is it so!?

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TOP 13 Comments
  • Sprint / Product
    ifTW74

    Sprint Product

    BIO
    Tech project program manager
    ifTW74more
    And that's a bad thing? You buy a house as a place to store your stuff (include spouse and kids in this category) not as an investment. If it rises in value then so much the better. But that also means your property taxes go up. LPT: In a volatile or booming market - refrain from using your home as an ATM!
    Apr 15 4
    • Microsoft / Eng oinalbzn
      I legit heard someone complain the other day about how their taxes increased 5x over when they bought the house 25 years ago.

      Just the raw number.

      Values have increased slightly more than 5x on this person's house.
      Apr 15
    • Uber SFNomad47
      There is Prop 13 which helps to keep property tax increase around 2-3% each year. Far lower than housing price increase in CA
      Apr 15
    • Microsoft / Eng oinalbzn
      I'm not in CA, neither were they.
      Apr 15
    • Google 1234-/:;(
      Thank god CA has prop 13. Anyone who is opposed will be thankful when they buy
      Apr 15
  • Airbnb GoDS
    Not so much. Also not many inventories in the Bay Area. I still observed many sold above asking price.
    Apr 14 0
  • BYTON Dof
    Why not?
    Apr 14 2
    • PayPal wknu08
      OP
      Y so volatile!
      Apr 15
    • BYTON Dof
      Cos capitalism?
      Apr 15
  • There are many possible reasons - increased inventory, prices went up too quickly, tax changes ($10k SALT tax cap), hiring freeze in the big companies, harder to take money out of China.

    The tech IPOs this year will create more millionaires and prices may go up again.
    Apr 15 0
  • New hqWe60
    buy now before prices double again in 5 years
    Apr 15 0
  • New RItI54
    considering the appreciation the past 5 years, it would be healthy for it to come down 15-25%.
    Apr 15 0
  • Palo Alto Networks KTkC88
    Are they? I see a ton of complexes seemingly nearing completion in South bay. Like... thousands of units. I hope the makes housing a bit easier.
    Apr 15 0

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