Bay Area Home Owners
There is a chance the bay area real estate going to crash hard as tech companies are allowing their employees to be working from anywhere. Sell your house or hold?
Let’s come back after 10 years and see where are the prices. Definitely will be Atleast $1 more than today’s price
One dollar?
I meant Atleast homeowners won’t lose money. There will be some profit selling 10 years from now, may be a $1 may be $1000s
It’s not crashing anytime soon now that most people are wfh now.
There's no chance for "crash". Maybe a small correction but that's also less likely. It's more probable that prices rise. Have you seen stock market and interest rates recently?!
Who cares about stock and interest if I can move to Sacramento and use my stock and interest there and buy 🏰 three times cheaper
Sac is so boring, I have lived there, will not go back. The only comparables to bay area are LA and SD, almost equally expensive in good neighborhoods
I think all these posts are confusing residential real estate with commercial real estate
In Bay Area market, less bidding war == lower price. Price can fluctuate a lot in the same week.
Good buy Bay Area, I will buy French chateau for the price of 2 bedroom sfh here
Seeing as the prices went up about 25% a year a few years in a row, we should be able to drop more than 25% before home owners should be able to complain.
With mortgage forbearance for almost a year in talks by Powell, and the high incomes of home owner couples in the Bay Area, I really doubt prices will drop 25% or more. Most home sellers will easily push out selling and keep inventory low like right now for a year if needed but would never sell for below their desired figure.
Jumbo excluded. Powell don’t care about jumbo. The banks want to take your 20% down
Hope the market crashes, will buy.
Got approved to work remotely from Houston with no hit in TC. Gonna save some me some rent money.
Only in the outlying areas, as with every real estate cycle in California.
This time it’s different.