Big name companies such as FANG did not do any big layoff, NASDAQ is on its way back to all time high. my neighbor's house sold for 2.4M in 3 days in cupertino with 7 offers, 5% over listing price. The buyer even did not do in person inspect and waived all contingency. With Fed pumped so much $ in the market, the inflation will be all time high.
Housing is a lagging indicator.
Buyer is Chinese from China? Curious. Might sound stereotypical but want to confirm a theory
No, indeed Indian, try to get his kids into monta vista
My theory goes to the shitters
It’s so depressing to read these posts, single earner like me is not supposed to live here I guess😐
I would wait and see, not rush into the market now. By the way 2.4m in cupertino (monta vista school district) is a “reasonable price. Before shelter in place it would be even higher
I indeed would say it is flat from March 2020.
2.4m for a 2500+ sqft is cheap in Cupertino, when the prices have been bloated to 1400+ per sqft
In Cupertino. Everywhere else slashing bigly
Only 5% over listing price in Cupertino?
Cupertino might still be on fire right now. However, listing prices in the east bay are not what it used to be pre-covid. Price drops are increasing. It's starting bois...
$✂️
Yup. You’ll see price drops in lower income neighborhoods first. I’m seeing many homes just sitting on market with no offers. I expect many places to drop, as people are looking to sell while they still have some equity. These neighborhoods don’t have many tech workers to support inflated prices.
Why did you sell? It's manipulated so much the market is likely to go a lot higher
Hold on! OP’s company is the top pay company in some list.
Don't take CNBC list seriously. PANW definitely not sit in the top in either pay or engineer quality. I would definitely join F/G given L5/ E5 high band offer.
I was surprised too
Tech Industry
23h
473
Which company to join and why?
Tech Industry
6h
2948
I took a stand and got terminated lol
Tech Industry
16h
2639
Are tech workers as rich as they think we are?
Tech Industry
15h
2010
How can my idiot brother who does real estate afford this
Layoffs
17h
2803
Half of Google employees and prolly also Apple Amazon Meta don’t do any work…
Just wait few more months when the second COVID-19 wave hits, the employers/employees realize that WFH is the new norm, the Exodus from the Bay Area starts, the global depression rises, and THEN let's see if this housing bubble can stand all that.
Not going to happen even if second wave is going to come. Fed and government is now prepared.JPow will go brrrr
And do you really think they will give companies and people another round of 2 Trillion dollars? Good luck with that.