SF RE market has reached ‘peak unaffordability’
According to Trulia Chief Economist Ralph McLaughlin, San Francisco Bay Area rents and real estate prices are cooling off, down from 15%-17% growth year-over-year to 5%-6% — a trend McLaughlin expects to continue for at least the next two to three years.
5-6% is still a big gain.
Yeah I would take 5-6% all the time
Looks like we are headed to be like Japan in 20 years…Low birth rate means decline in RE values. …Immigration will be essential.
That’s what I thought too. So, for those average Americans who want lesser immigration, may regret their decisions when is time to sell their RE or their children would be the most unhappy lot.
To me, “Americans who want less immigration” is an oxymoron. This country is founded on immigration. It’s in our founding DNA.
Anti-immigration is anti-American.
Fed raise is highly likely in December, at least that’s what Fed is trying to have people believe.
Also it looks like Trump has better momentum to win the election.
With a rising interest rate and a Trump president, is it better to wait until later to buy?
SFBA is highly against Trump and highly optimistic about Hillary. If Trump wins election, is it going to be a fire sale when many devout democrats start panic selling in the winter?
Oh really? If there is a fire sale everywhere because of Trump then I am definitely voting for him.
If Trump won the stock market will crash and you won’t have the money for down payment.
Dow futures went up 100 points tonight because Trump flunked the debate.
If there was any firesale it will be the stock market. Be careful what you wish for.
You never know, maybe BAGB has money for down payment anyway since the funds are not tied up in stocks.
The funny part is that the guy fighting you the globalist…is a globalist himself!
Hillary is known to go over the other aisle and try to work things out. Trump on the other hand, if it’s true, which is still for voting, won’t have a good relationship with anybody. The bravado attitude doesn’t go anywhere, not even in Venezuela.
So, keep your eyes on anything trying to break the status quo on the tariffs. Those companies like Apple getting all their crap from China and elsewhere will be affected by the transition from cheap tariffs to higher ones. Maybe it would be worth it to move all the techie guys to China, and sell their paraphernalia in the US to compensate the loss of income?
Remember, allegedly there’s tons of money still to make or it has been made. But if you bought properties for investment basing your calculations on a good future, be careful, the absence in numbers of high tech guys will be your demise. It’s not the economy my friend, it’s the jobs gone in certain sectors of the market!
HA HA, this is by far the best argument to vote for Trump. Hey, friends, if you are out priced now and want a big dip in real estate price so that you can buy, hold on to your down payment as cash and vote for Trump, may be your dream will come true soon 
. May be @manch will panic enough to sell his properties to you too.
I will add a clause to the contract. Not selling anything to Trump voters.
It doesn’t matter, you never sell properties anyway (buy and hold forever).
We were all wrong…No bust…In fact in Tahoe we are seeing price increases accelerating. .Low inventory is a nationwide issue…Stocks are booming, builders are timid, supply is down demand up…
Remember, one month or so to go with Obama’s economy. What happens after…if there’s any budget on time…it’s on the pathetic individual in the white house.
In the last 50 years we have had some of the worst presidents in history…I don’t think the economy cares…Arguably Trump is the worst ever…Stocks and housing prices are up…We all knew in October that Trump would be a nightmare for the economy, and thankfully we were all wrong…so far at least
Not sure if Trump will be the worst president ever, but pretty sure he’s one of the dumbest if not the dumbest.
Bad or worst…doesn’t matter…Lots thought Bush was the worst ever…Others thought Obama was…Carter definitely was bad…In the 1920s we had horrible presidents and a huge boom…Same in the 1870s,1880s anď 90s…Unfortunately great presidents only appear in times of crisis. .I would rather have bad presidents and a good economy. .than the reverse.
Had Obama was bad, none of us would be enjoying this kind of bull ride in real estate ! Bush was worst, but Trump has not proved anything yet except talk, talk and talk even after 8 months !