After Facebook declare WFH, do you think other companies will follow? If yes, is the Bay Area market going to crash? Would people move out of state or just to suburbs in south and east bay (San Jose/Campbell/Tri Valley) ? Looking to buy a house, jump now or wait?? PS: By real estate I am mostly interested in SFH market
Do they have cost of living component in their pay? If they do and a Facebook employee moves to a less cost of living area, their pay will go down. So I guess it depends if moving out affects the pay or not.
Could mean that more people in their 20s will move to SF or NY instead of staying in MTV or Menlo Park
🚀🌚✨ until the fed raises rates.
Rates are slowly going up though
Literally stagnant since 1 year +
Suburbs rule. Rest would be ok too. No crash until Stock Market crashes
And when would that be? ;) Also which suburbs are you talking about- South Bay or east bay?
If markets crash then layoffs and you won’t have the income to scoop a low priced home anyway
Time in market is what matters. Timing the real estate market is tough. Else everyone would buy at the perfect time when they knew this is the lowest price. Buy and hold 10 years and even if you overpay by 5% that should be just noise in 10 years. See anyone who got a home 10 years back and assume they paid even 5% more than their neighbor. They are all doing much better now.
Sound advice!
But what do you do when everything around you is up by 30-50% in a year?
Its currently increasing real estate everywhwre cause of remote working
Yes I believe suburbs will be on the rise.
The bay area is still quite a desirable place to be for most folk on the planet. A lot of stateless and out-of-state capital will likely keep flowing into the residential RE market despite the tech flight.
1900: Bay Area housing will crash soon 1910: Bay Area housing will crash soon 1920: Bay Area housing will crash soon 1930: Bay Area housing will crash soon 1940: Bay Area housing will crash soon 1950: Bay Area housing will crash soon 1960: Bay Area housing will crash soon 1970: Bay Area housing will crash soon 1980: Bay Area housing will crash soon 1990: Bay Area housing will crash soon 2000: Bay Area housing will crash soon 2010: Bay Area housing will crash soon 2020: Bay Area housing will crash soon
This just sounds like yet another FB WFH obsession thread
Yep worried about the trend moving forward and what it means for home buyers!
I really hope it goes down. Tired of paying 3k on a shitty apartment
And you know what you’ll do when it does crash ? Buy more to prop it straight back up!
Na just 1 so for my own living