Bay Area home prices continue to slip

[hanera]

@manch

People who don’t study history are doomed to repeat past mistakes.

Do you know the difference between assessing the future using the past and extrapolating from the past?

While the trend is up, traders may assume it will continue until there is evidence that points to the contrary.

What you are saying is it is up hence would forever be up despite all evidences point to the contrary.

In case @manch is too busy reading craps, below is a recent article on 7x7,

https://www.sfgate.com/business/article/California-Is-Booming-Why-Are-So-Many-14937905.php

With their traffic and trash, California’s biggest cities have gone from the places other regions tried to emulate to the places they’re terrified of becoming.

Why is @manch ignoring evidences that contradicts his belief?

[marcus335]

@manch

People who can’t afford houses here will not move the housing market one way or another, by definition. They may move markets in the middle of nowhere, like Austin.

People who don’t study history are doomed to repeat past mistakes.

If that’s your conclusion from:

“In fact, according to the most recent Housing Market Study, nearly a third of those sellers who planned on repurchasing said that they will buy their next home in another state outside of California- the highest level since 2005.”

Then there’s zero point in ever posting information. You’ll just distort it, so it fits your opinion.

[manch]

Survey of “intention” is not the same as tally of what people actually do. A third of sellers move out of state? Really? Are these people still in the workforce? Any school aged children? Not that many younger couples both quit their jobs of many years, yank children out of their schools and friends, and move out of state.

[Roy321]

We’ll have to see what the reality on the ground is inspite of the surveys.