house bubble?

Twitter / Eng
pib

Go to company page Twitter Eng

 pib
Jun 27, 2017 27 Comments

looking to buy a house at south bay area, mountain view, Palo alto or Sunnyvale. should I wait for bubble burst ?

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 TOP 27 Comments
  • Uber
    TK-yes

    Go to company page Uber

    TK-yes
    Look at people's packages. House price is still too low.
    Jun 27, 2017 4
  • Intel
    dSBn63

    Go to company page Intel

    dSBn63
    I have seen two crashes in the Bay Area and people who lost everything in those crashes. There is a lot of jacks shit companies including that POS UBER that call themselves "technology" with nothing but paper value. they will eventually drop like a rock. Been there seen it. Once the jobs are gone and folks default on their homes prices will drop faster than a prom dress. Only really high end multi million properties in SF, Atherton, PA are immune, they have their own cash market. No way a shit hole like San Jose or Sunnyvale (little India) is worth so much without the tech jobs.
    Jun 28, 2017 0
  • Adobe / Eng
    Milanese

    Go to company page Adobe Eng

    BIO
    Yet another backend engineer in the SF Bay Area ...
     Milanese
    Don't wait for the "burst". It may not happen anytime soon. If you are not too keen on spending more than a 1M, then pick a condo for now (instead of paying ridiculous rent)
    Jun 27, 2017 1
    • and pay ridiculous interest on that condo, yea awesome advice. and take a hit when the market goes south since condos are the least appreciating housing and fastest to fall
      Jun 27, 2017
  • Amazon
    kalia

    Go to company page Amazon

    kalia
    Even if the supposed bubble bursts, don't expect prices to go down by more than 15% in most of the bay area (even less in highly sought-after areas like Cupertino, Mission), your house would appreciate that much in a year. Now is always the best time to buy a house.
    Jun 27, 2017 0
  • Google / Eng
    alphajerk

    Go to company page Google Eng

     alphajerk
    I'm waiting. My reasoning: if I can't afford a non-shithole at 300k annual comp the prices aren't sustainable.
    Jun 27, 2017 5