By R.C.
sun, feb 19, 2023 1:04 p.m.
san francisco bay area housing market crashes, prices plunge 35% from crazy peak
https://www.wnd.com/2023/02/san-francisco-bay-area-housing-market-crashes-prices-plunge-35-crazy-peak/
What retarded "experts" don't realize is that the bay area is being hollowed out.
It is no different than what happened to the so-called Rust Belt decades ago.
But it involves software, and not metal bending.
oracle is now headquartered in texas.
Capital is mobile.
Programmers in the bay area cannot monetize their stock options because of the brutal decline in tech stocks.
So, how to come up with the down payment for a single-family detached home in san jose?
Wait until the big earthquake.Property values will be seismically below ground--as will most of the potential buyers.
ReplyDelete--GRA
jerry pdx
ReplyDeleteMedian price for a house in SF is now 1.38 million, the median price for a house in pdx is 525K. Still the least expensive housing market for a major city on the west coast. Something tells me the regular infusion of young wokesters migrating to portland from cities like SF isn't going to slow down too much.
Well, from what I've read the in migration rate has slowed down somewhat but it goes up and down, the slower years are counterbalanced by surges following years, unless this wild inflation stops, people will always be looking for less expensive places to live.
Correct if the value of stock goes down you cannot exercise your stock options. Stock options can only be exercised when the stock goes up as San Francisco goes downhill, so will the stock price and your options as well you had on paper fortune, but that is all gone in the proverbial heartbeat
ReplyDelete