That’s my theory too. Wasn’t really looking at data to verify the trend. My theory is even for “West Bay”, not everything is equal, now that distance to commute becomes less important, if the place has another reason that’s important to people, they will stick around or still in demand. For example, places like Cupertino / Palo Alto, school is another reason to stick around, San Carlos / RWC / Palo Alto has more walkable and bike friendly neighborhoods that are still attractive. But other cities like Santa Clara / Sunnyvale become less attractive. Obviously I am generalizing at the city level, West Sunnyvale has good school and etc.
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Another theory I have is the hill vs plain discount will start going wider again with the wildfire risks. So maybe Belmont will have a bigger discount compared to San Carlos going forward?
No red leaves?
With today’s debate it’s clear that Biden is winning the election. Trump’s body language said it all - that it’s over.
So stocks are gonna fall in the week of Nov 3. By how much though, any guess?
California Cottonwoods. Red leaves come from East coast maples. Btw Moscow is similar. The whole city is covered in Cottonwood’s. So many that in June the cotton balls come down making it looks like snow.
I do have some red leaves in my yard. Exotics
Yun says he’s never seen that happen before. But he thinks it shows that people with the resources to do it, “they are just going all in” — buying bigger homes to help ride out the pandemic, sometimes in resort towns.
And the trend isn’t just among the superrich. Sales of homes between $250,000 and $500,000 saw a 36% gain from a year ago. But homes going for $500,000 to $750,000 saw nearly twice as big a percentage jump in sales.
The most dramatic increases are happening at the top end of the market — sales of homes costing $1 million and up have more than doubled since last year.
Experts are all predicting huge crash coming soon. Recent housing hold up or run has certainly defied common sense Like any bubble.
I actually think the housing boom is pretty reasonable. Interests rate as historic low and governments have been lightning fast to come in with stimulus measures to help businesses and people.
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i have a mixed feeling. interest rate is low. but rental income has gone down a lot. but property tax and insurance went up also. I think it will depends on how the recovery is. Obviously we have better treatment against the virus now and the virus after so many mutation it has gone weaker. We just need to wear mask and open things up
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Housing crash is likely preceded by stock market crash which is likely caused by post-election riots! Things could get very ugly post-election.
Not exactly like Austin. In Austin, house price keeps increasing leading to increase in property tax that appreciates faster than rent. Now, I gave up buying any rentals, no longer make much sense unless betting on high appreciation which is risky.
So much is known about the virus. The only thing is some people are still fearful and refusing to wear masks. So it will take longer (the long tail will be longer than expected).
Any dip is a huge buying opportunity.
There is a dip today. Buy 
.
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dong forget climate. California in general will be impacted much more by climate change. so better sell now at current tax rates and current currency of dollar value.
https://abc7news.com/weather/power-shutoffs-dangerous-winds-trigger-massive-outages/7355409/
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I see old Bay Area people selling as fast as they can and Indians and Chinese buying. They will end up holding the bag (bag of old dilapidated shacks) and then keep working for the rest of their life in debt as corporate slaves. This is exactly what USofA wants in this century to stay ahead - educated humane slaves.
Patience. Nasdaq dropping 2% is nothing to be excited about.
Thought this is the norm and not a new phenomenon.
Within correction definition (ATH is in early Sep). In fact, is now within consolidation definition i.e. within 10% from ATH. In EWT, is called sideways 
as in not in any impulse (uptrend or downtrend).
SF R+C RE is offering huge discounts and has dipped i.e. opportunity, often more than 30-40%. You should buy https://www.zillow.com/homedetails/103-Carl-St-San-Francisco-CA-94117/2077932420_zpid/ at 40% discount, offer privately. SF needs investors.
I am selling rentals to put money into stock market. I like the potential gains of stocks better than rental properties.
Don’t buy multi family in SF, unless you like to deal with rent control and city hall.
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At 30-40% discounts offered privately, the cap rate of SF R+C is getting closer to 10% (vs. 5% in South Bay Area). It seems sweet even with rent control?