Heard ppl say it will, but also feel like with a bunch of tech companies IPO this year, that should help drive the market? Thoughts?
Not before the stock market crashes.
In the last crash, good areas in Bay Area only went down 10%. I don’t think you should worry about a crash.
By last crash do you mean 2008?
That’s false. Prices went down more than that in SF for instance
Probably, and then it will boom, and then crash again.
Let me ask my magic conch.
I was wondering who had the magic conch.
It just won't appreciate for a while, or very very slowly.
The prices are set by supply and demand. The supply is not increasing and little chance that it will given that the cities want to keep building offices, not houses. The demand keeps increasing and IPOs will increase it even further. In order for demand to decrease, all the RSUs people are accumulating have to collapse. A major stock market crash like in 2001 might do that. Or it may not...
TTD , I think you need to eat your words now in 2022.
Let me ask my magic couch.
What, another magic conch? I need to get my own.
Depends on interest rates
I'd say this big bubble of cheap money can only be kept up for longer if all of us accept inflation to a degree that 500k is worth just 50k now. Only alternative is 1929 reloaded.
Unless the Bay Area fixes their zoning shenanigans the massive bubble everyone lives in will remain (and grow). Country wide there is a decent chance for a slow down in the market, but with the FED “choosing” to not continue with interest rate hikes it may not slow down for another two years or so