Redfin trying to increase inventory and revenue
Redfin trying to increase their revenue by pumping Bay Area housing prices. Did anyone else get an email from Redfin with title - “39.5% increase in San Jose prices since 2017. How much could you make from selling?”. While increase in home prices is good, this pace is not healthy and should make many people nervous. It cannot go on forever! Seeing such emails makes you wonder...who needs stock market anymore ? :)
Yeah it’s not Redfin bidding 20% over asking and paying cash within 48 hours of listing.
Redfin estimates have a conflict of interest. I have yet to see anything by Redfin that discloses company policy on ensuring neutrality there.
Yes, if you’re also misleadingly implying that the growth will continue on that trajectory
That is the future, not now.
That number is not true
I think home buyers should get a clue from this statistic. Your rent did not go up by 35%. Your salary did not go up by 35%. For homeowners, if you want to upgrade or cash out, there cannot be a better time. Unless you expect we go up by another 40-50% by next March.
Let’s check back next year
Enjoy paying $30k a year in property tax until you can move again.
Who needs living in San Jose anymore? - that’s the right question we’re overdue asking ourselves. Remote work from Hawaii/Florida/Sweet home Oklahoma rulez (given comparable pay, of course)
Folks who cannot afford MV, Cupertino etc.
It must be San Jose metro area which is about what Santa Clara county is, there is no way San Jose by itself grew 39%, lot of shitty parts of San Jose that go for peanuts.