Well, if that’s true, better than nothing. My friends here say declines are super rare, but you get flat periods after run ups.
I’m not sure what we’re arguing about then. Obviously 2012-2018 has been a terrible time for housing affordability in the Bay Area. I’m just saying, I expected 2019 to be a year of huge home price appreciation and it hasn’t so far.
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BTW I’m very much *not* hoping for a tech crash, want more density, etc. I just think things will probably get better for housing affordability in CA over time, though it’ll be a long slow road.
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I don’t think we’re arguing. I’d only suggest when talking about affordability, you discuss rents since home prices can fluctuate due to a host of other unrelated factors such as cost of capital, availability of mortgages, etc.
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