Seems like the time has finally come for housing prices to go down
- I have more than 5 real estate properties some are really high end some are average in Bay Area. As far as I can tell after talking with many builders, cooling down only happens in high end properties, medium and low end property still has a high demand. The original intention for Fed to raise interest rate was to raise average house house income while the property values are rocket climbing. But now real estate values have gone up but your TC stay the same. So I would blame company majority shareholders/Trump on this. Shortly speaking, housing will just stay flat or moderately increasing in the next two years or so. So... buy buy buy
- Condo/town houses are just cooling down temporarily. Most builders got the permit last year and there are ton of new constructions this summer. Fed raised interest during summer and there were panic among home buyers. The reason why it seems bad right now is due to over consumption during summer due to fear of Fed raising interest + winter always sucks
- Why would I blame myself? I blame your TC is too low. Why don’t you buy five years ago????? There are way too many ways to get or even borrow the down payment. Blame yourself not doing enough study and also your TC.
Easily speaking, if you 4.0 in college you have no doubt getting a 200K TC job. Saving for two years get you that down payment. I guess you just suck in many ways