bay area house is still on fire

May 7, 2020 90 Comments

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.

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TOP 90 Comments
  • VMware
    rIHk72

    Go to company page VMware

    rIHk72
    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.
    May 7, 2020 21
    • VMware
      rIHk72

      Go to company page VMware

      rIHk72
      @public2 you are starting to sound a bit too desperate and in denial 😁
      May 21, 2020
    • No one has offered an alternative or challenged me? Not sure what I am desperate for? Again a crash would be amazing, most of my property was purchased during the 09 crash but seriously how does that happen when the market is heavily manipulated, money is plentiful, and demand is high? :)
      Happy to be wrong, and of course none of us can predict the future, but let's hear your prediction so we can check back in a couple of years!
      May 21, 2020
  • Housing is a lagging indicator.
    May 7, 2020 5
  • Apple
    $&@!

    Go to company page Apple

    $&@!
    It’s so depressing to read these posts, single earner like me is not supposed to live here I guess😐
    May 7, 2020 7
    • Yahoo
      JabS27

      Go to company page Yahoo

      JabS27
      True lam. Only fang engineers can buy houses in bay area
      May 20, 2020
    • New / Eng
      coord

      New Eng

      coord
      Buy in east bay. Growth is equally good. At least your equity appreciates.
      May 20, 2020
  • Splunk
    tvap

    Go to company page Splunk

    tvap
    Buyer is Chinese from China? Curious. Might sound stereotypical but want to confirm a theory
    May 7, 2020 20
  • Google
    123abc45

    Go to company page Google

    123abc45
    People who buy houses here going to lose 30-50% of their value
    May 14, 2020 2