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Housing Bubble Trouble in Silicon Valley & San Francisco

By Patrick following x   2019 Jan 9, 8:06am 146 views   2 comments   watch   sfw   quote     share    


https://wolfstreet.com/2019/01/07/housing-bubble-trouble-silicon-valley-san-francisco/

With inventories for sale rising, as sales are slowing, a whiff of competition is settling in among sellers, who have to determine where the market is today, not where it was last year, and if they want to sell their property, they have to price it where the buyers are. But buyers aren’t where they were a year ago, and the bidding wars have receded into history, and mortgage rates have jumped from a year ago. The right property, priced right will sell. But if it’s priced off the market, it will likely sit. This is starting to sink in. And sellers are cutting their asking prices.


1   DASKAA   ignore (4)   2019 Jan 9, 11:58am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Fuck. There goes my $3M.
2   SunnyvaleCA   ignore (0)   2019 Jan 9, 1:48pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

So, in summary.... no longer a feeding frenzy. Realtors™ will finally have to do some work to sell a house. Prices might actually be established by market conditions instead of feeding frenzy manipulation. Get back to me when all legitimate offers are disclosed to the public! (I can wish, right?)




The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


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