Are San Francisco Bay Area home prices going to tank to 2019 or 2016 prices? Looks like Bay Area is a dying area

funnylike
Posting as :
works at
You are currently posting as works at

Crystal ball is at the repair shop

likefunny

I think Bay Area housing prices will never go down significantly unless something major geopolitical event happens. There are large number people who have been priced out of the market and are waiting to buy.

like

EY, you seem pretty sure of your opinion, so why ask the question in the first place? Austin’s hot, it’s true, but my cousin is a realtor there and said he has a number of clients who want to cash out and leave the state. And my 26-year old niece refused a job offer that would have paid her 25% more because it required moving to Austin from Oakland. It is not as black and white as you think.

like

Most Tech companies are WFH friendly, not remote friendly. You’ll start to see them force more and more workers back to the office at least 1x a week.

I’ve noticed fewer job descriptions offering fully remote status. This will cause prices to prop up as workers are forced back.

like

@author - It looks like you've really made up your mind on this subject and you're just here for affirmation.

likesmart

With rising interest rates and a down stock market (a lot of tech workers have comp tied to stock), you’ll see a dip in buying. That being said, as some tech companies push their employees back into the office, you may see a new wave of buyers who have been saving aggressively for 2+ years who are motivated to capitalize on any small dip in the market, which would stall the dip.

Historically, Q4 is not the best quarter for real estate, so it’s not uncommon to see buying cool off in the late fall and early winter. Not many people want to move during the holidays. What will be interesting is what happens come January and February…

like

I’m not close enough to the Bay Area economy or real estate markets to have an educated position on the future. But I can lay out two “what-if’s”:

- if tech companies demand that employees come into the office frequently, that will keep demand high.

- if tech companies allow a majority of employees to work remotely full time, a lot of secondary or tertiary jobs will suffer, which will have a significant impact on the overall company. Think restaurants, hotels, transportation drivers, entertainment companies, etc. will all suffer, which could be catastrophic.

Austin is no where near SF real estate. First, Austin still has tons of surrounding land to be developed. Sure, the development needs time to catch up but the bay is full. There no more land to build. That said, agree that the peninsula relies on tech stock values to support home valuations. Prices in he bay could fall and still be way above Austin.

smart

BTW, Austin is number two on a list I read today of cities expected to see their housing bubble burst.

uplifting

Depends on which area in the bay area

Lol, Austin is getting hit very hard right now - just like the Bay Area. Same with Phoenix.

Do you have a SF Bay Area house? If not just go and buy the house in Austin that you want lol. I don’t want to be here, you clearly don’t want to be here, what does it matter?

Seems like OP has some Austin RE to sell and is keen on convincing us that we should be paying Bay Area prices for it… lol

likefunny

I feel like you should stop responding. Seriously. Because as I’m reading down your comments are getting wackier

Related Posts

I am investing as a beginner. What is a good company to start a brokerage account with ? Fidelity, Ameri E Trade, ML? I’m looking to put my money in index funds.

like
like

Anyone trade options on JPM You Invest? They have a bonus running right now and wondering if it was worth it for general investing and options trading.

like

Newbie trying to buy some alt coins. Currently have some money put into eth and ltc. Suggestions please?

I've been interviewing with some companies, and now I have to decide between JPMorgan Chase and Globant.

Globant is more innovative, and has remote work. I will enter to work with a Sillicon Valley startup based in San Francisco. The tech stack is React, Nextjs, AWS, and a serverless architecture.

JPM is semi remote, and less innovative. The tech stack Java, SpringBoot and AWS. But I'd do more migration tasks, like dockerize projects and pass them to kubernetes. What would you choose?

like

Which side wins the trade? Justin Jefferson, Aaron Jones and AJ Dillion for Mark Andrews, Derrick Henry, & Alvin Kamara?

like

What all methods to save tax on a 22 LPA salary (fixed including PF both employer and employee) apart from standard 80C, NPS, insurance and home loan, etc

like

Anyone have CPA recommendation in ATL - specifically need help handling RSUs for pre IPO company.

like

What happens if I over contributed to 401k because of a job change ? How do I adjust ?

like

Which accounts have you opened for investment? ROTH or traditional? Any benefit over having one or the other? And any preference on where should I open one?

like

Anyone have situational depression? Can’t stop beating myself up over a decision a year ago. Basically missed out on a massive amount of money. I know this seems trite and i never even cared thatt much about money before this year.

So many other good things happened to me this year - got married, got a puppy, moved etc, and yet the one thing i keep returning to is this decision as though i ruined my life. Ironically the only thing ruining my life is my outlook and yet i just can’t stop.

likefunny

Interested in investing in real estate. How to even begin and what apps should I be using?

like

Just curious are there any EAs in the Las Vegas, NV area and what are your salaries?

like

Does anyone have any book recommendations for information on buying a house?

like

Currently make 90k and save about 500 per month after 401k, HSA, mortgage, all expenses etc per month. Where can I go to Cali to save the same amount and how much do I need to make to do so?

like

First time homebuyer here. Any good 101 course which covers end to end of home buying. I know there are few government affiliates who offer in person courses but am looking for an online course.

If I'm adding multiple people to purchase a property but not on the mortgage, when do they get added - do they need to already be on the purchase agreement? I heard it's easier to do upfront vs. adding them later. I've asked this question in a thread but didn't get a clear response. If someone could please help clarify - how do I add other people on the onset on buying a property? This is a new build, buying directly from the builder.

like

Not sure if this is the right bowl but hoping to get some insight. I have a lot of student debt, and am considering refinancing with First Republic bank to get a (marginally) lower interest rate. However, their version of refinancing student loans has changed in the last couple years so now they offer you a personal line of credit. Is it a bad idea to refinance with a line of credit vs a regular student loan refinancing?

like

Bought some litecoins on Coinbase - how long does it take for transaction to go through and owning the coins?

If I leave big law for ADA will I get canceled?

like

More Posts

Anyone with experience getting an ESA (emotional support animal) letter? Please dm me thank you.

like

🤝 Pay it Forward:

Drop a piece of advice or wisdom that has seriously helped you in life or your M&A career

Help another user and pay it forward. 👇

likehelpful

Dangerous freedom > Peaceful slavery

Post Photo
likehelpful

What are bonuses like for a first year IB Analyst in London? (Think US banks like GS, MS, Citi etc.)

like

Looking to brainstorm ... What's the next wave to ride for the next 3-5 years and how to position yourself?

like
like

Hi can anyone suggest good pgs for men near deloitte Hyderabad.

like

So I worked from home yesterday and my husband had a sneak peak on my meetings with clients (which I’m very new to being a senior). He mention that I should read some sales pitch books of some sorts so I can get a process down and not be drain from having genuine conversations with every client. I think it’s a great idea. Anyone have thoughts or recommendation?

like

Any PMs have experience with moving off of Advantage (aka Webvantage aka Aqua) and onto a different PMS? Toying with the idea to suggest a move to Kantata/MavenLink.

We are thinking about getting Marketing Salesforce Cloud. I’m struggling to put a plan together that shows some thought leadership. I keep getting wrapped up in the tactics. Help!

like

My h-1b was valid until Jan 2021, but the when I filed for amendment it was truncated to March 2020. Filed for extension which got denied. Firm is saying I can either work or go on LOA. Any ideas?

like

What is the biggest piece of advice you’d give someone starting a new role/joining a new team?

like

We’re hiring across the board at KPMG for cyber / cyber risk work - shoot me a DM if interested. (Pays well!)

likehelpful

First time homebuyer here. Any good 101 course which covers end to end of home buying. I know there are few government affiliates who offer in person courses but am looking for an online course.

Is 54000 pounds a good salary to stay in London? As an EY seren senior consultant?

YOE: 3.5
Current package in India : 25+ LPA

like

Hi Fishes

What will be my inhand salary after deductions?

Thanks

Post Photo
like

Guys need 10 likes to get started with, thanks a lot

like

Hi everyone, please help me calculate the approximate in hand salary for below CTC breakup.

Post Photo
like

Hi all,

Please help in referring to infosys Chandigarh...
Yoe - 8.4
Domain - Network infra, cloud consultant, Infrastructure project management, project management

Thanks

like

I received letter of intent from vois. They are saying that offer letter will be provided at the time of joining. Is this true?

Additional Posts in Personal Investment Chatter

I've been allocating 100% of my Roth IRA funds to Vanguards target retirement fund 20XX. Should I keep doing this or do I need to start getting into VTI/VOO/VTSAX as everyone in this bowl is so fond of?

like

My fiancé and I (ages 30 and 31) are about to buy a house. We would put down 10% for a 835k purchase price. Our combined income is $265k. We both have around 7-10k left in emergency funds (each) and combined about 200k for retirement. Our mortgage is $4,500 a month and we split a car payment for $800. Is this an okay financial decision or should we have bought a cheaper house/saved more?

likehelpful

2017 Lexus IS 200t F Sport for 32k plus taxes...? (33k miles) Yay or Nay?

like

26 y/o and a total investment newbie.

I have $100k from an annuity invested with Schwab and managed by a brokerage firm. My parents set me all up with this when I got access to the funds at age 21. So I’m not sure of the complete breakdown other than the fact that it’s diversified according to my tolerance for risk

Now, I also have $25k liquid cash I’d like to do something with. Should I just add it to the existing portfolio, or create a separate, self-managed account?

like

How do I legally gets my hands on $100k that my future wife wishes to hand me over for investment purposes (she is outside the US). We won’t be marrying for another two years. Thank you!!

likefunny

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

What happens if I over contributed to 401k because of a job change ? How do I adjust ?

like

Which accounts have you opened for investment? ROTH or traditional? Any benefit over having one or the other? And any preference on where should I open one?

like

Not sure if this is the right bowl but hoping to get some insight. I have a lot of student debt, and am considering refinancing with First Republic bank to get a (marginally) lower interest rate. However, their version of refinancing student loans has changed in the last couple years so now they offer you a personal line of credit. Is it a bad idea to refinance with a line of credit vs a regular student loan refinancing?

like

Other than Fidelity, what's the best brokerage account out there? Looking for something visual that allows fractional shares and portfolio insights.

like

On average, what % of your lifetime savings should be directly in the market (MFs and ETFs)? This is excluding 401k, Roth IRA etc

like

I have a brokerage account with 7k in it, split 70% VOO 30% SCHF. I now have an additional 11k I can add - how should I allocate it? Should I move towards an 80/20 split just in current funds or add things like a growth (VGT) or high dividend ETF (VYM). All of my retirement accounts are already maxed, FWIW and don’t need the $ for any large purchases needed in the near future.

like

How do you all split your 401k contributions between pre-tax and tax deferred (pre-pay tax) contributions?

like

Folks, investing newbie here. Planning on using the Bogleheads recommended 3 fund portfolio. Opened a tIRA with Fidelity and have been reading about their 4 fund portfolio which is in line with Bogleheads.
Question: I'm looking for a step by step video on how to go about selecting investment options. As a newbie, I know what I want to invest in, but I'm not sure how to do it. Any tutorial videos that walk you through the process? E.g.- click here to select, click there to confirm.

likehelpful

Just a discussion thread, but I feel like this is a good bowl to ask this. Does anyone else look at the vast majority of folks around you and think “damn, we are so over leveraged as a society?” Or am I just crazy?

like

What’s the smartest allocation (for a late twenties person) of 100K right now, between ETFs, stocks, crypto and bonds? I am mostly in cash right now and feel I’m missing out on investment ops, but also wary of putting money in the wrong place. Any advice would be greatly appreciated!

like

Is there a calculator that I can put in all my investments and see how it works out in 50 years? I know each brokerage has their own projection thing, but just wondering if there are any other tools where i could combine everything?

You guys think that buying CGC or TLRY now that they’re beaten down are a good Long term play, or do you feel they still have more room to fall?

What are the best investment books or authors for beginners? What are the best podcasts, YouTube channels or bloggers to follow? What are your favorite stock trading platforms? And if you finally have six figures cash ready to invest, what's the best place to start? Which broker / financial advisor would you recommend? This is only for 3-5 years to ultimately buy a decent home for my family.

I'm clearly a dummy so any help is greatly appreciated.

like

Anyone having experience with opening a brokerage account for an organization (single member llc ideally)? I have a question regarding the set up.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal