sunnyvale for instance. a year ago they were predicting 10% + gains for 2019. Now down 15% with “forecast” of another 14% over the next 12 months. similar results all over south bay and peninsula.
The end is near
For Zillow? Didn’t know
Kids were playing stupid prices
Whatever anyone says, if you buy a 1M/2M home in the bay area u have to live with the fact that a semi restart can happen anytime in the valley. At that point u should have the ability to see your net worth take a direct hit of 100-400K, till the next wave high happens in another 4-5 years after the bottom.If you cannot then u always took the wrong decision. Timing the wave is also near impossible.
No Guarantee there will be another tech bubble here
One of reasons was Chinese pulling money out due to massive propaganda in the country to prevent loyal citizens to do business with evil Americans
Lol! The actual reason is due to China now strictly enforcing money leaving the country ($50k/yr/citizen max). The wealthy Chinese understand propaganda is just that and will continue to do everything they can to move money overseas.
That limit existed since so long ago though, but you can easily bypass that by doing business in USD rather than in yuan. But the current currency rate is not normal. Some people see they should covert USD to yuan at current rate, and when trade war is settled, exchange back for more USD
Zillow isnt accurate but yes shit is slowing the whole of US . Obviously bay area is the most overpriced so most to fall
Why does it say Washington then?
How did you get to that screen? Maybe it's not implemented on Android?
It says Apple map.
Yep, hear has moved to the peninsula and SF.
Zillow predictions and Redfin predictions and other sites all change the prediction curve at will ! It’s all adjusted based on current data. So they do not have any true predictions. I have been following there curves for years and they change it all the time to make it seem accurate but they have no clue about the future.
More like extrapolation
This. Just look at their prediction from last year. No mention of 15% down