Say no to business travel on saturdays!
So is there a tech bubble or not, and if so how much will it affect the local housing market in the next year or so? We've bid on a few houses the past couple months, each at 20% over list price but have been outbid by people bidding 40% over. Seriously considering two others now, but am wondering if we should wait. Looking at Inner Sunset or Richmond to be close to schools and my work. And we hope to be settled in 6-9 months. Do we wait a few months or no?
Possibly my favorite store in jr high.
Oh man, you picked a few days after our second is due. Would love to make it but prob can't.
emptym, congratulations on the upcoming addition to the family! Didn't realize you guys were expecting.
I don't foresee any strong changes/corrections in the housing market in the city in the next year. Sorry to hear you're having trouble finding a place. Who knows, though? Maybe the world economy will collapse in the interim...
Seems like every day there's a couple articles and/or blog posts saying we're in tech bubble, and tech money's a large reason for high real estate prices. Had lunch w/ a very smart friend who works for a major tech-focused venture captial firm, and he's renting his house instead of buying because he thinks a tech bubble will burst in the next year or two and with it real estate prices will fall. But I agree that no one seems to know.
I take it to mean that even with the biggest economic downturn of the last 80 years, SF real estate barely stumbled. I don't see much hope for lower prices any time soon. Maybe fewer bidders per property? The actions of the planning department, board of supervisors, and the governments of surrounding cities are conspiring to keep SF real estate inflated.