What’s Gonna Happen to Bay Area Housing?https://link.medium.com/tel8cKNT1W
I dunno. I had exactly your same thinking last year when I bought in, but Bay Area home values have been pretty flat or even declining slightly this year. I think we may have reached the point where there just aren’t enough buyers who can pay ever-increasing prices.
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Which doesn’t mean the problem is fixed, because housing prices are still unaffordable for almost everyone. But I think the wild uncontrollable growth in SFBA home value may be over for now.
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Well, if that’s true, better than nothing. My friends here say declines are super rare, but you get flat periods after run ups.
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