We will be dead. How long is long? How will I enjoy the RE? Houses in SF to South Bay are shacks, can’t hold a candle to those in North/East Bay/ Sacramento and Austin suburbs. Pigeon boxes in SF is so small, people prefer to stay in the office or bars 
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Big cities don’t appeal to me either. To each his own.
I doubt anyone on this forum lives in an apartment pigeon box.
Enjoy as long as you live, then grandpa inheritance passed to grand-kids ! 
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You are smart enough to get a BIG house 
Only @manch insists on his pigeon hole apartment in 7x7, probably too use to HK 
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Actually, the drive was fear of huge payments on big mortgage with 6.75% for 30 year fixed ! After buying CU home during the peak season of real estate (2007-2008), I felt most of my paycheck goes to bank, could not withstand the payments. Luckily, market went down, rates went down,Later refinanced to 2.99% during 2009.
We jumped to current place during 2011-12 period with low interest rate again, low property tax forever. It is smart hindsight, not a planned one.
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Your negative comment on @manch is getting worse and worse.
I started to feel uncomfortable as if I am a bystander at the bullying scene…
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Are there pigeon hole apartments in 7x7? Doubt it. So is talking nonsense. At least I’m only 1 vs 1 not 1 vs few billion people. Btw, I am not even familiar with 7x7 except for the few tourists area.
Totally agree. We Asian believe in karma.
Wait and see!!!
I had a 300 sqft. does that count? Loved it though. Good appreciation but needed the cash.
Was messing with him since he likes to boast about plenty of startups in SF 
Didn’t realize have so small condos in SF. Thought only hotels and apartments have those sizes.
Shoebox size < 500 sqft
NY analogy
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DoubleLine’s Shinoda explains what housing has now that it didn’t during the last crisis
“[This] is something we didn’t have during the [2008] global financial crisis. There was forbearance, but not the large scale that we put into place with the help of the Fannie, Freddie, Ginnie Mae [GNMA],” Shinoda added.
Millennials, the second largest generation behind the baby boomers, are starting to buy homes as they get deeper into their 30s.
"Affordability is driven by two things really — it’s income, which had been rising, and then interest rates, which drive mortgage rates. Those are at historic lows.
However the portfolio manager said that white collar employees with higher paying jobs are haven’t been hit as hard “thus far.”
How did this happen ? What’s the story here
Do millenials really want a house and live the life of their parents?
I don’t see this coming Nowadays you move much more often and you have to remain more flexible. I doubt whether you will buy a house in this situation. You can see in other areas that much less is being bought and people are switching to other alternatives.
Old debate. Is a myth. Once they get married and have kids, they will start thinking about their children’s safety, growing up and education. This means need a house in suburb.
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Of course there will be families like that too. But when the number goes down - so does the demand for suburban houses. People’s habits will also change when it comes to living.
There are many articles on this issue, what you think didn’t happen.
Were these articles written for Covid?
This situation will bring new momentum. It is still impossible to see where we are all going.
To say everything will stay the same and change is a myth is therefore already wished.
I am referring to your opinion that millennials will not want to buy a house. Covid or not didn’t change the behavior of wanting to buy a house when they are married and have kids.
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If they are affordable, they want to as they are sharp in calculations and intelligent to get things faster.
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