Hello Blind Family How accurate is this chart from Compass: https://www.bayareamarketreports.com/trend/3-recessions-2-bubbles-and-a-baby 1995-2001 : 100% going Up 2001-2002 : 9% going down 2002-2007 : 59% going Up 2008-2011 : 27% going down 2012-2019 : 88% going Up No Data but I assume optimistically it rose atleast 35-40% in 2019-2021 #Bayarea #Housing #appreciation #tech
Make this graph adjusted to inflation then see the real full picture.
Yeah, but still it is decent enough IMO.
@Meta, what story are you trying to tell by adjusting for inflation?
Compass will only share data and analysis that favours home buyer
s/favours/allures
Compass is still in business?
I would say look at the chart of interest rates since 1980. And that's why ALL assets look like this. Also it seems you're looking for assurances that the bay area is still a good investment. I would say, the bay area and California overall is a past performance story and prop 13 maniacs. Regression to the mean in progress.
Real estate is a bubble. The crash will go into the history books. You cannot imagine what is coming.
Lool ok
I think the biggest risk to real estate as an asset class is shrinking populations. For that reason, you should really be buying in areas that are desirable to live in (major cities and metropolitans, premium vacation destinations, commercial centers, and areas with good weather which the Bay Area qualifies as).
As long as there’s a SFH shortage, owners will come out with elevated equity gains.
There is going to be no shortage
Crash is incoming. Stay away from debt and buying any real estate.
It’s not going to go down much until a massive earthquake or massive recession where tech is gutted
Both of which could literally happen any day.
Earthquake increases the price cos of less inventory . Any disasters has always been followed by inflation in real estate
Never trust a “simplified, smoothed out graph”, especially not one with a footnote. This is just Compass trying to get people to purchase real estate last minute before everything hits the shitter. Wouldn’t trust it
In 2 years 100% has risen in California
It has risen higher than previous highs within just a few short years
Local city… shitty councils doubled down their efforts to prevent any housing getting build. They even pridefully give interviews about it saying they expect this crisis to become so bad that majority of the people who don’t own a house here will have to move out making “Bay Area Great Again”