Bay area housing market

eBay
buyshitnow

Go to company page eBay

buyshitnow
Mar 22 26 Comments

Will Bay area housing prices ever stabilize or drop? It's so effing crazy out there.

Houses is Dublin that were 1.5M eight months ago now have redfin estimates of 2.25M.. That's a freak 50% increase in 8 months.. WTF..

They say wait for the dip but there doesn't seem to be a dip in sight.

Is a market correction imminent?

TC 320K
YOE 12 yrs


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 TOP 26 Comments
  • Gigamon
    nomagig

    Go to company page Gigamon

    nomagig
    As long as people desperately wait for the dip there wouldn't be a dip
    Mar 22 1
    • This is an amazing point. There was a poll on Blind that asked renters what their house hunting status is. Only a small portion were actively looking. Others were waiting. That means demand will be there. Even the current high demand is a small portion of likely buyers.
      Mar 22
  • Apple
    aWVt68

    Go to company page Apple

    aWVt68
    I feel bad for mainly folks who have been trying to buy but got outbid for last 8 months. Those just entering market now won’t feel the pinch as much as they have not seen their potential loss of not buying. But it hurts a lot more knowing you could have had a home 8 months back for 20% lower if you had just bid $20k more back then.
    Mar 22 5
    • Intel
      ni4040

      Go to company page Intel

      ni4040
      that means u have to act now based on how ur future self will behave. that means u can no longer trust urself ! there is something called sticking to ur guns, but sadly with homes u cannto do that.
      Mar 23
    • In any negotiation you can gain if you have leverage. Buyers don’t have leverage in housing market! Maybe they will few years from now? Who knows?
      Mar 23
  • Meta
    public2

    Go to company page Meta

    public2
    Growth will obviously slow at some point but we've all been waiting decades for a drop. If it didn't happen during the housing recession it's hard to imagine what would cause it to drop other than say repealing of prop13 which won't ever happen
    Mar 22 2
    • Amazon
      SkiGirl

      Go to company page Amazon

      SkiGirl
      But what changed in the last year? Yes prices have been increasing forever in the bay and seattle but rose from 2021 to 2022 has been the most significant steep increase
      Mar 22
    • Meta
      chullu_bhr

      Go to company page Meta

      chullu_bhr
      Lots of renters woke up from their slumber. COVID woke them up and now they can’t goto sleep due to FOMO. I’m one of them. Trivalley has been on fire real estate wise
      Mar 22
  • Uber
    hfHH16

    Go to company page Uber

    hfHH16
    Tech hiring has been crazy with companies increasing pay by 50-100%. What do you think is going to happen when people are making so much more money nowadays?
    Mar 22 3
  • Affirm
    knuckles9

    Go to company page Affirm

    knuckles9
    You can't time the market. Buy what you can afford when you can. Time in the market > timing the market
    Mar 22 2