It is kind of crazy that in a region of 7 million people, there are only like 3,000 to 5,000 active listings for homes per month.
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I bought in San Jose last year. What conditions have to be in place for me to transition from mere gentrifier to something more sinister?
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Partially true. It’s more driven by the fact that homes are selling quicker. So annual sales volume is similar. But total for sale at any time is lower.
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This is true; owners sold to us because we offered midweek before the open house. There were still three offers.
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Grandfathering in the mortgage interest deduction will only exacerbate this.
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Tried to put together a development deal in Seattle, lot owner made completely financially nonsensical decision to refuse offer on property because can convey to heirs and then heirs sell without capital gains bill
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Can you de-anagram HODL for us beyond-the-bay-Area folks?
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It's a Bitcoin meme, where people invested in the bubble encourage each other to hold (typed quickly thus misspelt) bitcoin, not sell them, to prevent devaluing them.
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Not everyone has to live in the SF Bay Area. The tech industry needs to spread out to other areas of the country where housing is less expensive. That will relieve some of the pressure on the real-estate market.
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