Housing market death

Amazon
ksTv16

Go to company page Amazon

ksTv16
Oct 6, 2020 42 Comments

Buyers have dried up and all the investors know what’s coming on Jan 1st when the moratoriums expire

Houses I want to buy are staying on the market and dropping in price, in Washington

I’m buying in a couple months, family just purchased.. though I walk through the valley of the shadow of death I will fear no evil 💀

comments

Want to comment? LOG IN or SIGN UP
TOP 42 Comments
  • Whatever gets you through the night...there are 20 qualified buyers for every potential “foreclosure” or delinquency...Fact: 1.4M house had 20 pple visits first 3 days. All preapproved buyers.
    Oct 6, 2020 11
    • Uber
      hfHH16

      Go to company page Uber

      hfHH16
      It’s very understandable. Commuting from San Jose to sf 2-3 times a day is tolerable. Commuting from Sacramento to sf is not. No one expects permanent wfh to last forever. You don’t buy house just for next 1-2 years.
      Oct 6, 2020
    • Apple
      hcfnb

      Go to company page Apple

      hcfnb
      I know nothing about education system here, but my assumption would be high cost of living in Bay Area, which would need better salaries for teachers and more funding than other places which it probably doesn’t get.
      Oct 19, 2020
  • Apple
    TheNiceGal

    Go to company page Apple

    TheNiceGal
    I don’t understand why people still want to subjugate themselves to this asinine process of getting a house.
    Oct 12, 2020 7
    • Apple
      TheNiceGal

      Go to company page Apple

      TheNiceGal
      I would argue that tech stocks grow faster than housing equity. Owning a house is not the only way to build capitals.
      Oct 19, 2020
    • Unity
      Boomastiks

      Go to company page Unity

      Boomastiks
      Buying real estate was one of the best thing I ever did. Sure I pay taxes and interest on mortgage, but 60% of my "rent" money goes into building capital, not to mention putting a roof over my head.
      I started 20 years ago with 20000$, I now own 4 properties, one is mortgage free and is worth over 1mil the 3 others pay for themselves and then some by housing Apple and Google engineers.
      Oct 20, 2020
  • New
    fWcF74

    New

    fWcF74
    As long as Tech stocks r doing good and hiring at full swing.. Real estate have support in areas like Bay area and seattle..First u need to see crack in employee hiring and some layoffs.. Until then no stoppage for boom times..😀
    Oct 6, 2020 3
  • New
    fWcF74

    New

    fWcF74
    OP lost all low ball offers on the homes..Man up.. Bid for $100k+ and you get the home u wanted..😆😆
    Oct 6, 2020 1
  • Rents are falling and getting super cheap. In East Bay, 1.6M house is yielding max 3.8k rent after 2-3 month wait (my own experience. Check Zillow yourself) . This is not sustainable. Prices have to fall.
    Oct 6, 2020 1