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A pullback has already been underway for a while in some of the hotter California markets. One of my realtor friends thinks everything is going to take at least a 20% haircut here in San Jose, I don't see it, but I don't watch the market everyday and didn't lose anything during the recession.
Buyers will continue to overpay for shacks.
Not a prediction,a fact.
Stupid does as stupid is?
It is very frothy where I am -for our frozen tundra standards-can't go on for ever. Unless global warming comes here and this becomes a tropical paradise!
I predict housing will subside a little bit in the coming two years... what is your prediction? I also think Cali could go either way, but if it does go down, it will be very hard. I am currently waiting to buy back in, hopefully soon.
The appreciation rate in California will accelerate in the next 2 years. No reason for it not to.
not going to go down much without China going into a big recession.
RealEstateIsBetterThanStocks says
not going to go down much without China going into a big recession.
recessions are impossible if the PTB are willing and able to run the presses
The Fed injected trillions into our economy 2010, 2012, and 2014, and it helped a lot
A pullback has already been underway for a while in some of the hotter California markets.
Where?
A pullback has already been underway for a while in some of the hotter California markets. One of my realtor friends thinks everything is going to take at least a 20% haircut here in San Jose
You mean a slowdown in sales due to there being nothing to buy. Making a major decision on wether or not to buy a house based on what a realtor thinks would not be very wise.
Home prices have been going up for a reason.....shortage of homes. Until that changes, prices will continue its ascent. When people say they can't afford to buy a home anymore,
I would remind them that there is always a lower priced home to buy.
I predict housing will subside a little bit in the coming two years... what is your prediction? I also think Cali could go either way, but if it does go down, it will be very hard. I am currently waiting to buy back in, hopefully soon.