Nearing a housing bubble?

Yelp
CapJerk

Go to company page Yelp

CapJerk
Jun 14, 2018 30 Comments

I guess this had been discussed and sort of semi concluded that it's better to buy rather than wait.

But, looking at the housing prices of shit holes in Bay area and a feeling that even a house on top of the miliptas dumpster(obv exaggeration) would cost around million, considering the scenario of a housing bubble (smaller scale).
Also, the data in this link seems to indicate a correction every 6-7 years which seems to be due in 2018-2019
https://www.paragon-re.com/trend/3-recessions-2-bubbles-and-a-baby

Any thoughts?

#housing #bayarea

30

comments

Want to comment? LOG IN or SIGN UP
  1. TOP
  2. RECENT
  3. OLD
 TOP 30 Comments
  • Lenovo
    wLGS07

    Go to company page Lenovo

    wLGS07
    Not even close unless liberals win mid-term and presidency then economy will crash
    Jun 14, 2018 8
  • If this follows the 95 and 01 busts, prices still have room to run before declining to something that is more than current prices. Timing the market is hard.
    Jun 14, 2018 0
  • yeah.. next correction is due.. i have my money lined up to jump in after the correction
    Jun 14, 2018 3
    • Google
      XVWX88

      Go to company page Google

      XVWX88
      And this person is why we won't have a correction that's significant. If market dipped 10% it'd quickly rebound.

      Don't try and time the market.
      Jun 14, 2018
    • People have been saying that about seattle for the last couple years. Those same people have been missing out on almost 100% appreciation.
      Jun 14, 2018
  • Oath
    NbNo10

    Go to company page Oath

    NbNo10
    Just like what bush left us? Let me guess Lenovo....white guy in his 30s, pink polo, khakis, 3 inches erect? All of you are the same
    Jun 14, 2018 0
  • People are very good at finding patterns in insufficient data. You could have made the same argument a year ago and you would have lost out on 15% appreciation. Don’t try to time the market and don’t ever be too confident in predictions in either direction.
    Jun 14, 2018 1
    • I guess what I’m saying is look at the fundamentals of home ownership: Do you want to live there? Do you plan to live there for at least a few years?
      Jun 14, 2018