Bay Area housing is 🔥

Adobe
unclejpow

Go to company page Adobe

unclejpow
Feb 10 157 Comments

Inventory is very low. Year over year avg sale price went up crazy. With this data I only think spring is going to get worse

Who is in market to buy? What is your strategy to win bid?

SCC - Santa Clara County. I don’t have data for other counties

TC 400k

Bay Area housing is 🔥
Bay Area housing is 🔥
157

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 TOP 157 Comments
  • Amazon
    IydE80

    Go to company page Amazon

    IydE80
    Fuck all of that. Who would ever want to live there, don’t get how that’s worth it. MCOL is where it’s at
    Feb 10 5
  • My game plan is to make as much money as I can in the Bay Area and pay as little rent as possible and then move to a lcol area to buy a house and settle.
    Feb 10 12
  • Affirm
    fart 💨

    Go to company page Affirm

    fart 💨
    You’ll own nothing and you’ll be happy
    Feb 10 0
  • Intel
    Fine!

    Go to company page Intel

    Fine!
    House prices will crash soon
    Feb 10 7
    • Adobe
      vPrm21

      Go to company page Adobe

      vPrm21
      Yes, the question is will the prices crash in Bay Area. By crash I mean 30%

      As covid lockdowns end and people go back to office, how many years till remote employees see onsite employees growing faster and FOMO kicks in?
      As people move back, cities will keep growing but rural areas may see isolated crashes.
      Feb 11
    • Meta
      public2

      Go to company page Meta

      public2
      30% lol. Hasn't happened in decades but sure suppose we could get an alien invasion? Wfh obviously won't be a thing for the majority once offices are open and not even an earthquake would slow the bay(it would actually make it better)
      Feb 11
  • New
    aBQg32

    New

    aBQg32
    I wish there were some info on how many of the buyers are first time buyers....stock appreciation in this region has made many of folks to buy multiple properties, entering in bidding war zone and indeed, enjoying that and being proud that they can bit others, because , the money has come out of sudden stock price appreciation, that they have literally have limited participation making that

    Many of other folks who could afford buying small properties, now simply cannot....they didn't have stock...they also have lower income

    Buying power is defined based on gross income not rsu and etc....those buying for 4-5M are having huge chunk of money for down payment....

    I don't think it will go well in this region...
    Feb 10 6
    • aBq - go look at the table posted by OP. There is literally a 40-50% drop from 07-2009
      Feb 10
    • New
      aBQg32

      New

      aBQg32
      Ighs42
      But search for bay area housing appreciation vs national

      In 2008 there has been great recession, so, property are failed
      2020 was not a recession
      Feb 10