for the past few weeks im bombarded with emails from redfin about new listings and price decrease notifications. In addition , I am seeing some houses back on the market. whats going on? mainly its around san jose, Santa clara etc area. Tc : 250
Finally... bring it down
Even apartment also running specials 😊
Yes,I saw apartment specials that include one month rent waived with gals included for 14 days
With... Gals included?
Lol
Hardly any reduction
Let’s watch it burn down
Like that warehouse on fisherman's wharf! 🤣🤣🤣🤣 ....too soon?
Redfin data center
well not that conclusive as it shows only till April 2020 and I see a dip right at the end.
14% unemployment nation wide and over 10k jobs lost in the Bay area. My expectation is a 20% - 30% fall for at least 2 years, same as 2009. Just saying it has not happened yet. Should go to 2015 levels in my opinion, but so far it has not happened.
I don't see that. I am looking to move to Sunnyvale or mountain view. House prices are at record high. My East Bay house price is downnnnn. Can't help but wonder what happens if google, Cisco and other large employers offer wfh.
It went down a bit, but not crashing yet. For crashing to happen people need to be foreclosed and evicted from rental, neither will happen for at least 6 months.
Record unemployment + remote work + overpriced houses...what did you think would happen? 🤔
We assumed house prices never go down.
Temporary dip