How low will it go when your beloved FED kisses you?
How long have you been waiting to buy a home?
This is bay area, it only goes up!! even in 2008/2009 market crash, real estate went down slightly a bit and picked up even more after 2011!!
Next crash will take us below 2009 bottom
Btw even the earthquake 1906 and fires in San Francisco 1851; didnt make the real estate tank much; they rebuilt the city and it all went back up! Unless we have a tsunami and the land drowns under ocean, market crashes will be minimal and it will come back up!
Why stop at 90%? Where are 200% 300% options?
I don’t think banks will pay you to take their homes, so they can avoid the property tax. But if tax is not adjusted lower quickly, they might!
At least 99% down. People will be begging you to take their homes for free. On a real note yes it will go down. Maybe 20%
Banks will give homes away to avoid the property tax.
It’s pretty stupid to wait for housing market crash.
What is more stupid is to jump right in and buy a piece of trash for $2M that you will hate yourself for buying. In the past weeks it was obvious how wrong the “stonks only go up” crowd were especially those buying junk stocks are now 80% down and counting, and in the next 1-2 years people who bought overpriced pieces of trash for 30 years of debt are going to regret it so bad. History is clear. Equities generally go up but sometimes form a bubble and the bubble eventually bursts and sometimes it bursts so hard that it hurts
Bay Area is not a bubble. It’s just because people are rich. You can keep waiting
It's the era of money printing from the past 11 years. Fed won't crash the housing market. Biden, Trump, Pelosi, Schumer, Powell, Xi - Nobody wants a strong dollar, they won't say it loudly. Outstanding debt can only be repaid through more debt. Sad trajectory but it's the truth. Wise ones understand that. Nay sayers wait for a crash which won't happen. During the days of 2008/2001 - Money printing, loan forgiveness, PPP loans, mortgage forebearance other govt support was not to this extent. Govt support has been and will continue to be this way always. Keep dreaming or move on
OP spends an inordinate amount of time on blind yelling the sky is falling to anyone who listens. His favorite trick is to show charts that explain how we are all going to lose everything.
for ppl that have purchased a house already, the only question that matter is if i have $$ around to buy another one
The question will be whether they can hand the keys to the bank or will they be on the hook for the loan.
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Wait till it goes up cuz it aint coming down
FED will fight inflation, stocks and housing will be collateral damage.
Are you looking to buy a house in bay area if it crashes? If so, you must be keeping a lot of cash in hand coz if housing crashes, everything else crashes like you said and then cash can save you. It will be a very short period of time during which you will be able to use that cash, if at all. How will you figure out when is the right time?