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I believe it will go down, not much, for very brief period of time before it goes up again. Maybe 10-15% in SF Bay Area.
The difference is that it will be a buyers market and buyers will have little, little, little more to chose from and little less competition.
Then here is an idea - move away from the SF area.
The fact is we all who didn't buy in 2011-2014 are regretting it. I'm one of them.
It was oportunity of a lifetime we probably won't see anymore.
Agreed, we bought in 2011 (in Houston) and the house has more than doubled what we paid for it. By the same token, if we sell the stuff that is out there now is too expensive for us. Guess I'll wait till it triples in value.
mmmarvel saysGuess I'll wait till it triples in value.
Has it done so now ?
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...theoretically, what could happen to make them go down and not be attractive to the worldwide investment community?