Is This A Sign Of A Pullback In SF?

[tomato]

where do you live again?

[tomato]

Bakersfield… why?!

[hanera]

@BAGB

In a normal real estate slowdown, price flattening or drop happens first in the core of Bay Area. The slow down spreads from the core to the edge. This is a slowdown caused by affordability which is benign and shallow.

In a Great Recession, things got reversed. Price drop starts with the remote edge and extends to the core. This is a dangerous market and fire sale can be found.

Good theory. Why don’t you try using thought experiments (you learn that right?) verify?

[hanera]

@Elt1

Also condos are the canary in the mine. They will loose value first.

@wuqijun

My gauge is condo prices in Concord

Please give us a shout when prices start to decline.

[wuqijun]

I will but I don’t think you’re going to sell your Cupertino houses ever

[hanera]

I’m waiting to buy from the distressed

[wuqijun]

Oh… well, if you have that mentality then it’s probably not going to happen for a while…

[hanera]

Meanwhile, would entertain myself with 10x and accumulate Austin SFHs for cashflow.

[tomato]

Vulture!

[tomato]

He will buy the best thing himself, and will only let us know after!

[Elt1]

They are declining in Miami Beach. Always smart to buy after a hurricane.

https://www.zillow.com/oceanfront-miami-beach-fl/home-values/