Real estate predictions for Bay area 2018
What is the feeling on real estate prices in Bay area in 2018?
Do you guys think the immigration reforms or the news/roumors around it would impact the Bay Area real estate market (negatively)?
Nope, less offers only.
I have several H1B friends who have homes in Bay Area. They have been in US for over 10 years. They are well past their 6 years and GC is nowhere in sight. If H1B extension gets denied, all of them will be forced to sell their homes. Why wouldn't this negatively impact prices ? Are there infinite supply of buyers in Bay Area ?
I'm guessing that the tax changes coupled with the general fatigue of would be buyers is going to make the market level off a bit. The bad news is that this probably just means fewer offers and closer to (still inflated) asking prices or less of the "under listing to get a bidding war" tactic. Inventory will still be low and houses may not sell in three days for all cash offers but to the typical mortal buyer none of this will make much difference.
Just saw an ad that said Sunnyvale went up 27% in 2017. I believe it.
It’s definitely gonna go down a bit
Why? Bay area market is irrational
We are all ready to hear the Bay Area fell in the ocean.
This all has to come to an end eventually, I think 2018 we’ll start to see the beginning of it
If you have the money to get in on Bay Area... get in. There will never be a “good time” to buy... if ppl knew that we would all be retired throwin back mai tais in bora bora
You will see major corrections not crash. This time companies have money, real estate goes down only when people loose job or leave places. A crash can come if a war comes in play or some hedge fund fuck up or people get laid off. Fang companies are beefing up campuses across San Jose area like google village in downtown and FB doubled its size and Apple new campuses in Sunnyvale will add 20k more in folks and Microsoft $750 million investment in Milpitas reflects that more people will move in. If you see people moving in valley then someone will buy from you and if it crash then more people will rent and you have renters. Now this time buyers are bringing hard money like cash on cut throat bid and back in 2008 it was 10% down and piggy back loan with 80% mortgage that fuck up whole thing. I remember people in 2008 sold homes with furniture. I see potential cracks in economy by 2020 for sure but these correction will rhythmic and gradually it will go up and you see traffic these days where are these people moving from ? There are more coming so if you buy then buy and flip immediately or hold for three years at minimum
Please go down🙏🏻🙏🏻🙏🏻
Never gonna happen. Salaries are going UP