patrick.net

As always, there's no subprime lending crisis so there is no bubble to burst.

A correction of 2, 5,10%? Sure it's possible.

And if interest rates go up, house prices will go down. That has zero to do with any bubble.

Gawd damn media and their bullshit hysteria. Assholes

BayArea says

As always, there's no subprime lending crisis so there is no bubble to burst.

A correction of 2, 5,10%? Sure it's possible.

And if interest rates go up, house prices will go down. That has zero to do with any bubble.

Gawd damn media and their bullshif hysteria. Assholes

They take one city in the state that pauses after a run up, and it's immediately referred to as a bubble about to burst.
LOL. Trying to attract attention to gain customers. That's all it is.

Strategist says

BayArea says

As always, there's no subprime lending crisis so there is no bubble to burst.

A correction of 2, 5,10%? Sure it's possible.

And if interest rates go up, house prices will go down. That has zero to do with any bubble.

Gawd damn media and their bullshif hysteria. Assholes

They take one city in the state that pauses after a run up, and it's immediately referred to as a bubble about to burst.

LOL. Trying to attract attention to gain customers. That's all it is.

I see it over and over... the massive run up since 2012 pauses during the month of November. Real Estate journalists identify it and begin shitting out doom and gloom articles rather than just saying, "It ran up so fucking high for the past 4yrs that salaries in the area just can't support any more run up. We may finally be leveling out" and leave it at that you assholes

it may go down 5-15% but don't expect 2009 prices anytime soon.

Even a 9.5 earthquake wouldn't cause Bay Area housing prices to crash. In fact, they might even go up 10% as speculators fight for the land. Just the thought of a potential 9.5 quake and resultant speculation has caused speculation. Housing prices rose 5% in the time it took you to read this.

what's the definition of bubble?
Price increase does not mean "bubble".
If definition comes from affordability of local people, then local W2 earners can not afford in Bay Area, at least NOT in the long run in the sense that one can NOT guarantee same income level for 30 years to pay for the mortgages that has been elevated to the maximum capability of W2 earners.
But there are always possible external buyers who will NOT be local W2 earners but to park cash or investment. This leads to the valuation for houses as an investment. For this, nothing is in "bubble" if checked against 0 interest rate. But hey, isn't zero rate itself a bubble? This leads to the definition of "bubble" as sustainability. IF zero rates truely sustains, then all Pension, Insurance and the like will go out of business like Dallas police and fire department .

For W2 affordability, it's a bubbble.
For investment, it is NOT bubble when checked against 0 rate. But 0 rate is NOT sustainable, and you can call that bubble of all investments.

bubble? burst? who the hell knows.

all indications/reports/forecasts say that housing is gonna go up. in my area, it's "supposedly" gonna rise 7.1% in 2017. dayum!!

but like all asset classes, they rise and fall. hopefully I can get in when it's on the downside :)