Housing bubble

Aug 13, 2016 35 Comments

many ppl are saying this .. i would like to buy a house in a year or so..so if you guys give more insight it will be helpful.
when do you think bubble ll bursts ?
in comment pls mention why do you think so ..

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  • Aug 13, 2016 6
    • VMware
      UMWv70

      Go to company page VMware

      UMWv70
      You should overlay that real estate advertisement with a chart of interest rates in the US. Every time rate go lower, prices go higher. Today's fed rates are at 0.
      Aug 14, 2016
    • The note is pointing out that this is only meant to shows peaks and valleys, prices aren't actually linear.
      Aug 14, 2016
  • Guys: interest rates are at zero. These house prices are directly tied to financial markets. It won't be housing that will pop, it will be everything. Interest rates go up, markets go down, million dollar house isn't affordable anymore. you lose your money. lolol!!!!!
    Aug 13, 2016 2
    • Yeah I sorta agree with this. I'll be mov Ng down to then a area in a few months. I think I won't buy. Even if I could afford it the risk is too high for my taste. On a $1.5M loan a 2 point move in interest rates is $30k/year. $2500/month. That's my entirely mortgage in Seattle.

      If you add in the risk premium of another 2008 or even a 5% downturn. It's just too rich for my blood.
      Aug 14, 2016
    • I looked up sj, which apparently is the first large city to hot a 1M median house price. Now look at the avg san jose salary.
      If you don't bam bam lolol 3x, you might actually find yourself buying this market! Of course if inflation a tually happens, not stagflation which is more likely btw, then maybe buy a house in sj now.
      Aug 14, 2016
  • After being a homeowner more than once, I no longer understand the fascination of being a homeowner. Why do people want to buy, especially with such insane prices? There are much better ways to invest long-term rather than real estate.
    Aug 13, 2016 3
  • Amazon
    Fixer

    Go to company page Amazon

    Fixer
    In case bubble gets burst, what would happen to SF guys who paid lots of down payment and paying HOA every month?
    Aug 13, 2016 1
  • the only way Seattle will drop is if the massive influx of high tech employers suddenly leave... that's about it
    Aug 13, 2016 5