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1
exfatguy
2019 Feb 26, 2:48pm
No bubble, at least in fortress San Jose. Rudimentary houses are now topping the million dollar sales even in lesser fortress areas like 95123.
If anything, the bubble is getting bigger.
If anything, the bubble is getting bigger.
2
mell
2019 Feb 26, 3:17pm
Yeah it started in the whole bay area, but there will be no burst until a recession hits, just stagnation and a very slow deflate maybe offset by inflation. Once economic data turns bad watch out below! Houses in SF staying significantly longer on the market longer now, but still selling eventually. No bidding wars though anymore. Give it some time.
4
whitewater
2019 Feb 26, 3:31pm
Seattle and San Fran have popped.
https://wolfstreet.com/2019/02/26/the-most-splendid-housing-bubble-in-america-deflate-february-2018/
Watch it spread and accelerate over next six months.
https://wolfstreet.com/2019/02/26/the-most-splendid-housing-bubble-in-america-deflate-february-2018/
Watch it spread and accelerate over next six months.
5
exfatguy
2019 Feb 26, 4:04pm
Sorry, but I may be in a position to buy soon, so until I do, there will be no bubble pop. ;)
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https://seekingalpha.com/amp/article/4244140-now-housing-bubble-2-bursting-low-will-go