The economy seems to be in the cool down mode. Also, the recent data shows that the US debt is going to ballon to $20 trillion which will mean more interest rates hike or at least no changes. Do you think the fears are overblown and it’s worth buying a house in Bay Area now?
Huge debt means less likely to have more big bike, otherwise federal government will run out of money
It's not always hot but money is still cheap and land is still limited.
If you buy now, unless it is a distress sale, you will be buying at the peak of the market. Mortgage apps are going down, so are sales. Do you really want to buy at a near top of the case Schiller index?
Geez, basic economics lessons. 1) Interest rates goes up when there are inflation pressures, nothing to do with debt 2) Debt (mostly) doesn’t matter if it’s denominated in your own currency. (You can always print money to pay your debtors) 3) In a world washed with excess capacity (thanks to technology), inflation by supply constraints is temporary. The only other way inflation manifests is private credit growth (Banks can only lend so much) or wage growth (ain’t happening due to the global nature of labor market — again thanks to technology)
Yawnnnnn