Nuts. Owning a home in San Jose - if you can afford one - is like making an extra $800/day or an extra $203,000/year.https://twitter.com/kimmaicutler/status/983521634429517825 …
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That’s was really depressing to read. The rental market is brutal as well. At some point there’s going to be a reckoning.
Or... just no one sells, and it stabilizes for awhile and then it doubles in value next cycle (which is exactly what it's done for the last 30-40 years). https://www.paragon-re.com/trend/3-recessions-2-bubbles-and-a-baby …
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