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If the bubble returns to the BA, what will you do?
invite response
2012 Apr 2, 1:35am 103,636 views 255 comments
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rootvg
2012 Apr 9, 4:33am
I don't understand the original question. I thought the bay area bubble never completely popped yet.
Some places did, other places did not. Some will not, such as Palo Alto.
Our place was valued at $1.2M at the peak. We bought it in the low sixes because it was fixer. The houses around us are all owned by older people who've been here for years and are valued anywhere between $750-800K. The foreclosure down the street (that smelled like mold) was on the market for one week before going pending.
This isn't Columbus.
It's easy to live below your means when you make 50mill a year, isn't it?
As someone who is house poor you would know.
house poor?
Did you guys read about the billionaire Nicolas Bergguen who just lives in hotels?
Chicks still dig him. Imagine that.
Something tells me he's not dealing with pajama parties, pampers, school pta meetings either.
Something also tells me he is not dating any fat chicks.
hanera
2012 Apr 9, 10:04am
I don't understand the original question. I thought the bay area bubble never completely popped yet.
Some places did, other places did not. Some will not, such as Palo Alto.
Which neighborhood didn't pop?
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This might have been posted before but what the heck. Its worth revisiting. How many of you think the bubble will return? Of those of you out there looking- and not just those looking in the fortress areas- what are you seeing? Much of the same or have things changed?
Secondly, if another bubble rears its ugly head, what would you do?
A: panic and buy a house ( or get priced out foreva'!)
B: Say: "Screw it, I'm moving
C: Stay and continue to rent
D: ( for those that already own) brag about how much your house is worth.
E: None of the above.
#bubbles