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Could there be a panic in Bay Area real estate?
As long as there is a shortage, no panic. Just a pause.
People have to live somewhere.
Strategist says
As long as there is a shortage, no panic. Just a pause.
People have to live somewhere.
That's true but they may tell themselves that's it's a good idea to rent for some time if prices look shaky.
They could move out of state, only to be replaced by even more people moving in.
rents will shoot up even more
Could there be a panic in Bay Area real estate?
Giant earthquakes should be factored in the price as they are known to happen.
Prices did soften by 5-10% or so since the summer peak, and the number of for sale signs are up. I would buy now, before the next up swing starts in January.
Yes, but they aren't. If a giant earthquake hits, the value of surviving structures could rise or fall,
Strategist saysThey could move out of state, only to be replaced by even more people moving in.
There are cycles in the BA economy as well.
How many billion dollars companies do we have that have been living from raising cash?
You just go into "purge the rot" mode, and a lot of people will go away - at least temporarily.
We've seen that movie before.
Heraclitusstudent saysGiant earthquakes should be factored in the price as they are known to happen.
Yes, but they aren't. If a giant earthquake hits,
I just renewed my earthquake insurance policy.
Sales down 10%.
Inventory up 20%
Prices still way up.
Many people were hanging there just to take their huge capital gains every year.
As many people start thinking the market is in the process of topping for this cycle, will inventory jump as people rush for the exit?