How the Coronavirus will affect Bay Area Housing Market

I need a rule where I buy at least 1 share of Costco whenever I visit the store…

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Please allow my comment stay on top of the forum list for at least 30 mins :rofl:

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:joy: sorry.

I’ll go spam my other forums for tonight. :wink:
No more I promise.

agreed - we go to costco every weekend but it’s not due to financial hardship…we just like to go there for a lot of staple items

Is this the same guy? Want to take him serious?!

They should improve their shock value in the new sensationalized headlines.

“Bay area houses selling for 7 figures over ask.”

https://www.zillow.com/homedetails/1638-Canary-Dr-Sunnyvale-CA-94087/19615545_zpid/

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That was only for last night.

Sir where are you? Missing your posts!

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I mean even Atlanta gets 6 figure over bids, no big deal anymore lol - 11300 Crossington Rd, Alpharetta, GA 30005 | realtor.com®

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I think this is more headline worthy than Sunnyvale houses. And Welcome back!

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They are never happy

Tech companies fight low morale and attrition with more equity grants as their stocks get slammed

Huh? More slamming of the tech stocks because of increased dilution. Buy back your f… shares! Learn from Tim Cook.

They have no cash or profits to buy back. They are paper tigers on life support by low interest and Fed QE.

Hah, thanks. Been a busy couple of years outside of RE.

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Similar situation in Bay area and in certain specific counties, so belongs in this thread?

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The CAR affordability index, a measure of home prices, mortgage rates and incomes, estimated that less than one-quarter of Bay Area families had the financial wherewithal to buy a home at the end of last year. Bay Area affordability dropped slightly from the previous year and is half of its peak level in early 2012.

By comparison, half of working families in the U.S. can afford to buy a home.

Can anyone say with a straight face that typical Bay Area people are NOT economically stressed? :slight_smile: