https://www.urbnlivn.com/2018/09/14/market-report-third-month-of-median-price-declines/
Recently spoke with a guy who’s done real estate for decades and has seen all the highs and lows. He told me that he foresees a large downturn within the next 2 years. These recent months do sorta indicate a shift in market sentiment — things are looking slightly bearish If we use the inverted yield curve as an indicator, the next recession will happen in the next 2 years. Not sure if Goodhart’s law applies in this case, though
Your first 2 stmts sound like start of any Alex Jones video.
I don’t disagree 😂
Time to buy?
Rents are certain to stay flat, if not drop a little. More buildings including high rises are going up. Why would anyone feel rushed to buy given this plus the fact that HQ2 will be announced within 3 months? I have one signal I’m looking for. There’s a house around the corner from me which sold 1.5 years ago for $850K, and it has been totally vacant the entire time. Once I see a For Sale sign on it, then that tells me the foreign holders are ready to bail.
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Who cares about HQ2? I don’t get it. HQ1 doesn’t move anywhere and there’s also MS HQ, G, FB and a ton of other Bay Area companies already. Plus HQ2 won’t likely be an engineering center anyway. Seattle is one of the top destinations for internal migration also.
Just the amount of new homes being constructed is crazy. It takes time for supply to increase and it usually increases by more than demand causing prices to drop.. boom bust cycle
Maybe I should move to Seattle
Emerald city looking green again
Gogogo!
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On tip of bubble burst, as soon hq2 decided, seattle gone case.
When does it get decided? I’ve been hearing that news for almost a year already.
They said "in 2018" so hopefully next 3 months