Housing market crash for Bay Area Real Estate?

Apple
Lenor

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Lenor
Jun 10, 2021 354 Comments

After Facebook declare WFH, do you think other companies will follow? If yes, is the Bay Area market going to crash?

Would people move out of state or just to suburbs in south and east bay (San Jose/Campbell/Tri Valley) ?
Looking to buy a house, jump now or wait??

PS: By real estate I am mostly interested in SFH market

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 TOP 354 Comments
  • HPE
    uyRP25

    Go to company page HPE

    uyRP25
    I really hope it goes down. Tired of paying 3k on a shitty apartment
    Jun 10, 2021 43
  • New
    100nanos

    New

    100nanos
    1900: Bay Area housing will crash soon
    1910: Bay Area housing will crash soon
    1920: Bay Area housing will crash soon
    1930: Bay Area housing will crash soon
    1940: Bay Area housing will crash soon
    1950: Bay Area housing will crash soon
    1960: Bay Area housing will crash soon
    1970: Bay Area housing will crash soon
    1980: Bay Area housing will crash soon
    1990: Bay Area housing will crash soon
    2000: Bay Area housing will crash soon
    2010: Bay Area housing will crash soon
    2020: Bay Area housing will crash soon
    Jun 10, 2021 18
  • Asana
    QHfO83

    Go to company page Asana

    QHfO83
    Do they have cost of living component in their pay? If they do and a Facebook employee moves to a less cost of living area, their pay will go down. So I guess it depends if moving out affects the pay or not.
    Jun 10, 2021 20
    • In a few years Californian people will ruin local economy in place they moved in AZ, FL, TX.
      For example, in Austin people who lived there for decades can’t afford property taxes anymore.
      Jun 12, 2021
    • Florida man is because of Sunshine act. Anyhoo the place is filled with retired people, Trump supporters and racists.
      Jun 12, 2021
  • The bay area is still quite a desirable place to be for most folk on the planet. A lot of stateless and out-of-state capital will likely keep flowing into the residential RE market despite the tech flight.
    Jun 10, 2021 12
  • Apple
    aWVt68

    Go to company page Apple

    aWVt68
    Time in market is what matters. Timing the real estate market is tough. Else everyone would buy at the perfect time when they knew this is the lowest price. Buy and hold 10 years and even if you overpay by 5% that should be just noise in 10 years. See anyone who got a home 10 years back and assume they paid even 5% more than their neighbor. They are all doing much better now.
    Jun 10, 2021 7
    • Amazon
      DatBanana2

      Go to company page Amazon

      DatBanana2
      Single family homes have a ton of associated costs and "chores", condos are generally governed by HoAs that takes care of everything outside your walls.

      It's less shit to take care of.

      I own both, while I love the space, etc of the SFH, I could really do without the landscaping, the roof, siding, walkway, tree maintenance, pest control, etc etc.

      If it weren't for my family I would move to my condo and rent out the single family home instead.
      Jun 12, 2021
    • Condos are stressful to live in, HOA fees are pretty high anyway, and most importantly you are sinking your money in the equivalent of a porta potty sized share of land lot
      Jun 12, 2021