Last year I put a large chunk of my savings that includes most my RSU into my home down payment. I own a single family home in Klahanie and it cost me a fortune. The home price has gone up since I bought it, but off late I have been hearing of a real estate crash that could bring property prices down by as much as 40%. It seems Seattle city is going to charge additional property taxes on non resident foreign investors which will decrease foreign investment thereby bringing down property prices. I’m also hearing that Amazon HQ2 will have a negative impact on house prices. Has anyone else heard anything like this?
No offense to you, but I'm super happy they're changing the law to tax foreign non resident investors buying up property. I'm hoping it becomes a model for the bay area to follow.