10% down across the board within 12 mos. Back to 2019 prices within 36 mos. Up from there.
What type of San Francisco discounts do you think we’ll see (renting and buying)? And when do you think it will start?
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10%? That’s it? That’s nothing.
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Typically takes a year for landlords and owners to capitulate, so expect another six months of debate around “it’s not worth X” from the buy side and “I’m not selling for less than X” — in Q4/Q1 folks will start saying “oh well, i will take it.”
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How much do you think it’ll drop?
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Already has.
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So far, most SF homes that I see priced below $2 million are doing really well. More deals over $3 million. What price point are you guys looking at? U guys renters or owners? The more people who leave the more attractive SF gets. https://www.financialsamurai.com/real-estate-outperformance-examples-during-a-coronavirus-pandemic/ …pic.twitter.com/uaTsjikd1V
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Unpopular opinion: people hate working from home and want to work in an office. Commercial RE doesn’t see nearly as many vacancies as people are predicting and demand for popular areas like SF still outstrips supply keeping prices high with very little dip.
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I feel like that’s a very popular opinion
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I’m interested in this as well.
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