Bay Area Housing market π
So are the bulls still bulls***ing ? I called it in May that it was the peak and had warned in March that downturn will start soon. Funny how some bulls like pubic live in denial.
Did you profit off your prediction?
Yes. Kept investing outside Bay Area and got out of stock market as well. Check my other post about getting out of stock markets in feb 2018. Investing in TX, FL , CO, etc will still get you good rents. Now if prop 10 passes then money will flow from CA to states like TX, FL, CO, etc. Keep watching.
What about seattle
The Oracle have spoken!
The pain in housing is only beginning. Wait until buying season starts.
And then what? Inventory overflow?
when is the buying season?
Still cant afford shit here in bay..
what happened?
There was recently a slight rollback of the insane gains we had seen from last summer to this spring. Sadly, the medium term outlook is probably still upwards.
Not sure o agree. Rates will continue to rise, but I think the big x factor in the Bay Area is the value of RSUs moving forward. That may have just as large if not larger impact on affordability for the 13% that can (or could have) afford(Ed) the median prices home.
There's no x factor there. RSUs are moving down.
How long would you recommend to wait before purchase? A year from Nov 2018?
When thereβs blood on the streets and people are running scared.
So? House price is falling? I marked your word bruh.
Still waiting for a crash
Meetoo
Congrats! You win.
Unfortunately, in this situation no one really winsπ€¦ββοΈ
@Vjvckjko : Like more people might finally afford a house, you mean? Who would pay 700k for a house built in 1910??????