Folks, I'm calling the Tops for Bay area RE market

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toomuchRE
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Folks, I'm calling the Tops for Bay area RE market

Post by toomuchRE » Fri May 25, 2018 10:11 am

Now or within 4 months.. Rest of the US will lag by 8-12 months.. Hotter markets first.

I may be wrong but I kinda feel it. We will come back to this thread in 2 years and figure out.

Also a possible Stock decline starting September..
Last edited by toomuchRE on Fri May 25, 2018 10:20 am, edited 1 time in total.

livesoft
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by livesoft » Fri May 25, 2018 10:16 am

Only if the Rockets stomp on the Warriors. If so, then I will call the bottom of the Houston RE market.
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Goal33
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Goal33 » Fri May 25, 2018 10:27 am

I called it 4 years ago. Oops
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Alexa9
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Alexa9 » Fri May 25, 2018 10:31 am

What a brilliant deduction! Any reason behind it or is it gut instinct intuition??

runner3081
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by runner3081 » Fri May 25, 2018 10:35 am

Well, you have a 50% chance of being right.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Darth Xanadu » Fri May 25, 2018 10:38 am

toomuchRE wrote:
Fri May 25, 2018 10:11 am
Now or within 4 months.. Rest of the US will lag by 8-12 months.. Hotter markets first.

I may be wrong but I kinda feel it.
You are wrong. The actual top of the Bay Area real estate market will be March 15, 2021, between 2 p.m. and 3 p.m. local time (I may be wrong about the time, but I kinda feel it).
"A courageous teacher, failure is."

mountain-lion
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by mountain-lion » Fri May 25, 2018 10:41 am

At some point, someone will be right about the top of the market, just like some fund managers beat the S&P 500 some years.

The trick is to figure out who.

You may very well be right. But, I think in this market as well as the stock market, "Stay the course" is better than market timing.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by WhiteMaxima » Fri May 25, 2018 10:52 am

Doesn't matter. People still choose to live there for the job and good weather.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by roymeo » Fri May 25, 2018 10:53 am

Oh I better sell, live in a tent, and then buy a new place ... when's the bottom coming? How far is it dropping?
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by toomuchRE » Fri May 25, 2018 11:06 am

Alexa9 wrote:
Fri May 25, 2018 10:31 am
What a brilliant deduction! Any reason behind it or is it gut instinct intuition??
Really not suggesting anyone to sell or buy... Just my instincts.. Instincts have done good for most part of my life. personal and professional..
Maybe luck.. often I have not made use of those instincts and I regret that. Cant be 100% right.

But I'm calling this top guys.
Bay area running hot as usual,
Vegas, Miami and phoenix markets above 15% past year.
vegas up ~300% since last crash. ( one of the hottest job markets in the US with the best weather... Sarcastic..)
US median house hottest in 12 years.
People running to beat the interest rate and stretching.
Even 2 doctors cant afford a entry level house,
folks trying to buy 1M house with 150K salary.
Excess bidding.
Stock market at all time high.
Most people betting RSU are here to last.
Wages pretty much stagnant.
and some more warning signs compared to positive indicators..

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by 22twain » Fri May 25, 2018 11:07 am

toomuchRE wrote:
Fri May 25, 2018 10:11 am
Now or within 4 months..
You bought a house yesterday, right? :wink:
My investing princiPLEs do not include absolutely preserving princiPAL.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by toomuchRE » Fri May 25, 2018 11:13 am

22twain wrote:
Fri May 25, 2018 11:07 am
toomuchRE wrote:
Fri May 25, 2018 10:11 am
Now or within 4 months..
You bought a house yesterday, right? :wink:
No i didn't.. probably will this year or next.

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Alexa9
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Alexa9 » Fri May 25, 2018 11:15 am

toomuchRE wrote:
Fri May 25, 2018 11:06 am
Really not suggesting anyone to sell or buy... Just my instincts.. Instincts have done good for most part of my life. personal and professional..
Maybe luck.. often I have not made use of those instincts and I regret that. Cant be 100% right.
Okay I see you have some good points, but SF is like NYC and will always be an expensive market IMO with the job markets there. Housing is expensive everywhere but I don't see how you can predict a crash any more than the stock market. More concerning is Californians and New Yorkers driving up the prices elsewhere when they try to escape: Texas, Arizona, Colorado, Montana, Oregon, Washington, New England, Florida, Carolinas, etc. Also a concern is Chinese buying up property for their kids to go to school.

chevca
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by chevca » Fri May 25, 2018 11:17 am

And, then what will happen.... a house market crash, the top and then level off, the top... until the new top next year?

I think you could even be right. But, what then? It's only half a prediction, IMO. Like me saying, I think three weeks from now it will be three weeks from now. :happy

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by chevca » Fri May 25, 2018 11:20 am

toomuchRE wrote:
Fri May 25, 2018 11:13 am
22twain wrote:
Fri May 25, 2018 11:07 am
toomuchRE wrote:
Fri May 25, 2018 10:11 am
Now or within 4 months..
You bought a house yesterday, right? :wink:
No i didn't.. probably will this year or next.
Oh, well then... :happy

Okay, the actionable part of this.... are you waiting to see what happens and then you will buy? Or, are you waiting to hit a certain savings point and then buy? Are you looking for confirmation from others that your prediction is correct, or hopefully will be correct?

toomuchRE
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by toomuchRE » Fri May 25, 2018 11:21 am

Alexa9 wrote:
Fri May 25, 2018 11:15 am
toomuchRE wrote:
Fri May 25, 2018 11:06 am
Really not suggesting anyone to sell or buy... Just my instincts.. Instincts have done good for most part of my life. personal and professional..
Maybe luck.. often I have not made use of those instincts and I regret that. Cant be 100% right.
Okay I see you have some good points, but SF is like NYC and will always be an expensive market IMO with the job markets there. Housing is expensive everywhere but I don't see how you can predict a crash any more than the stock market. More concerning is Californians and New Yorkers driving up the prices elsewhere when they try to escape: Texas, Arizona, Colorado, Montana, Oregon, Washington, New England, Florida, Carolinas, etc. Also a concern is Chinese buying up property for their kids to go to school.

Not saying crash at all. It will decline.. thatz all. If the chinese are buying all the housing stock ( the yearly quota for investment visa is around 6K from china), looks like they are buying in Vegas too ??? . So they started buying in the last 3 years and were sitting on cash all these years.. What about the Indians buying ??. i thought you have to invest 1M and employ 10 people to get investor Visa. So we are assuming each chines is bringing in 3M each.. to buy a house and a business and expenses..

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Afty » Fri May 25, 2018 11:22 am

Bookmarking this thread for "U.S. stocks in freefall" potential. :evil:

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Pajamas
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Pajamas » Fri May 25, 2018 11:23 am

Something else to consider is that large corporations are recognizing the benefits of decentralizing their workforces. It's been going on for a while now in NYC in the financial sector. Companies in other sectors like Apple and Amazon have decided to do it as well.

Overall, I think it is good for the companies, good for the cities in which they are concentrated, and good for the second- and third-tier cities and states into which they are diversifying.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by KyleAAA » Fri May 25, 2018 11:23 am

I can see a flattening of appreciation rates. I don't see prices going down significantly in markets like SF unless there's a big downturn in tech. There's just too much money floating around and job creation is still strong. If history has told us anything, it's that RE markets CAN grow 6-8% per year on average for a loooooong time if there is income growth to back it up. Of course, if there's a 2000 or 2008-level recession prices will drop.
Last edited by KyleAAA on Fri May 25, 2018 11:28 am, edited 2 times in total.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by chevca » Fri May 25, 2018 11:25 am

toomuchRE wrote:
Fri May 25, 2018 11:21 am
Alexa9 wrote:
Fri May 25, 2018 11:15 am
toomuchRE wrote:
Fri May 25, 2018 11:06 am
Really not suggesting anyone to sell or buy... Just my instincts.. Instincts have done good for most part of my life. personal and professional..
Maybe luck.. often I have not made use of those instincts and I regret that. Cant be 100% right.
Okay I see you have some good points, but SF is like NYC and will always be an expensive market IMO with the job markets there. Housing is expensive everywhere but I don't see how you can predict a crash any more than the stock market. More concerning is Californians and New Yorkers driving up the prices elsewhere when they try to escape: Texas, Arizona, Colorado, Montana, Oregon, Washington, New England, Florida, Carolinas, etc. Also a concern is Chinese buying up property for their kids to go to school.

Not saying crash at all. It will decline.. thatz all. If the chinese are buying all the housing stock ( the yearly quota for investment visa is around 6K from china), looks like they are buying in Vegas too ??? . So they started buying in the last 3 years and were sitting on cash all these years.. What about the Indians buying ??. i thought you have to invest 1M and employ 10 people to get investor Visa. So we are assuming each chines is bringing in 3M each.. to buy a house and a business and expenses..
That seems like a whole lot of speculation.... which always makes for a solid prediction. :happy

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Pajamas » Fri May 25, 2018 11:28 am

KyleAAA wrote:
Fri May 25, 2018 11:23 am
I can see a flattening of appreciation rates. I don't see prices going down significantly in markets like SF unless there's a big downturn in tech. There's just too much money floating around and job creation is still strong. If history has told us anything, it's that RE markets CAN grow 8-10% per year on average for a loooooong time if there is income growth to back it up.
The 2007-2011 drop in housing prices in California including San Francisco seems to have been completely forgotten in less than a decade.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by MrJones » Fri May 25, 2018 11:30 am

The fact that you used the term "running hot" makes me have a lot of confidence in your statements...

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by KyleAAA » Fri May 25, 2018 11:32 am

Pajamas wrote:
Fri May 25, 2018 11:28 am
KyleAAA wrote:
Fri May 25, 2018 11:23 am
I can see a flattening of appreciation rates. I don't see prices going down significantly in markets like SF unless there's a big downturn in tech. There's just too much money floating around and job creation is still strong. If history has told us anything, it's that RE markets CAN grow 8-10% per year on average for a loooooong time if there is income growth to back it up.
The 2007-2011 drop in housing prices in California including San Francisco seems to have been completely forgotten in less than a decade.
Not forgotten. But it recovered within a few years and even including 2008 and the tech bust, 20-year appreciation rates are above 6% per year. Long-term, 2008 was a blip.

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Pajamas
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Pajamas » Fri May 25, 2018 11:37 am

KyleAAA wrote:
Fri May 25, 2018 11:32 am
Pajamas wrote:
Fri May 25, 2018 11:28 am
KyleAAA wrote:
Fri May 25, 2018 11:23 am
I can see a flattening of appreciation rates. I don't see prices going down significantly in markets like SF unless there's a big downturn in tech. There's just too much money floating around and job creation is still strong. If history has told us anything, it's that RE markets CAN grow 8-10% per year on average for a loooooong time if there is income growth to back it up.
The 2007-2011 drop in housing prices in California including San Francisco seems to have been completely forgotten in less than a decade.
Not forgotten. But it recovered within a few years and even including 2008 and the tech bust, 20-year appreciation rates are above 6% per year. Long-term, 2008 was a blip.
As long as you are certain that any dip will be a blip and that you can ride it out, maybe it wouldn't be a problem. But it would be a problem for people who can't ride it out. Wouldn't surprise me if there is a downward turn followed by an extended recovery period rather than just a dip in the future.

toomuchRE
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by toomuchRE » Fri May 25, 2018 11:40 am

MrJones wrote:
Fri May 25, 2018 11:30 am
The fact that you used the term "running hot" makes me have a lot of confidence in your statements...
The fact that you didn't use a comma just before 'makes', makes me have a lot of confidence in your statement..

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by chevca » Fri May 25, 2018 11:41 am

Pajamas wrote:
Fri May 25, 2018 11:37 am
KyleAAA wrote:
Fri May 25, 2018 11:32 am
Pajamas wrote:
Fri May 25, 2018 11:28 am
KyleAAA wrote:
Fri May 25, 2018 11:23 am
I can see a flattening of appreciation rates. I don't see prices going down significantly in markets like SF unless there's a big downturn in tech. There's just too much money floating around and job creation is still strong. If history has told us anything, it's that RE markets CAN grow 8-10% per year on average for a loooooong time if there is income growth to back it up.
The 2007-2011 drop in housing prices in California including San Francisco seems to have been completely forgotten in less than a decade.
Not forgotten. But it recovered within a few years and even including 2008 and the tech bust, 20-year appreciation rates are above 6% per year. Long-term, 2008 was a blip.
As long as you are certain that any dip will be a blip and that you can ride it out, maybe it wouldn't be a problem. But it would be a problem for people who can't ride it out. Wouldn't surprise me if there is a downward turn followed by an extended recovery period rather than just a dip in the future.
So, everyone gets to have/make their own prediction then? Got it, thanks. :happy

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by chevca » Fri May 25, 2018 11:42 am

toomuchRE wrote:
Fri May 25, 2018 11:40 am
MrJones wrote:
Fri May 25, 2018 11:30 am
The fact that you used the term "running hot" makes me have a lot of confidence in your statements...
The fact that you didn't use a comma just before 'makes', makes me have a lot of confidence in your statement..
Are you trying to get your own thread locked? :happy

I don't see this one lasting much longer. Get those predictions in while you can, y'all. :happy

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by toomuchRE » Fri May 25, 2018 11:43 am

[/quote]

As long as you are certain that any dip will be a blip and that you can ride it out, maybe it wouldn't be a problem. But it would be a problem for people who can't ride it out. Wouldn't surprise me if there is a downward turn followed by an extended recovery period rather than just a dip in the future.
[/quote]

Historically bay area prices have increased long term.. But the rate at which it has done so in the past 5 years is what will make it go down soon. Might not be crash, but a dip. probably a deeper one.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Teague » Fri May 25, 2018 11:46 am

toomuchRE wrote:
Fri May 25, 2018 10:11 am
Now or within 4 months.. Rest of the US will lag by 8-12 months.. Hotter markets first.

I may be wrong but I kinda feel it. We will come back to this thread in 2 years and figure out.

Also a possible Stock decline starting September..
Your confidence in this prediction leads me to conclude you have successfully constructed an interocitor. Congratulations.

-
Semper Augustus

chevca
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by chevca » Fri May 25, 2018 11:47 am

toomuchRE wrote:
Fri May 25, 2018 11:43 am
Historically bay area prices have increased long term.. But the rate at which it has done so in the past 5 years is what will make it go down soon. Might not be crash, but a dip. probably a deeper one.
Wow :shock:

What exactly is the difference between a deep dip and a crash?

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Ged » Fri May 25, 2018 11:49 am

Pajamas wrote:
Fri May 25, 2018 11:23 am
Something else to consider is that large corporations are recognizing the benefits of decentralizing their workforces.
I think any corporation with their HQ in Shakeytown and a long view would definitely want to decentralize.

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Pajamas
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Pajamas » Fri May 25, 2018 11:50 am

Ged wrote:
Fri May 25, 2018 11:49 am
I think any corporation with their HQ in Shakeytown and a long view would definitely want to decentralize.
:D
chevca wrote:
Fri May 25, 2018 11:41 am
So, everyone gets to have/make their own prediction then? Got it, thanks. :happy
You don't have to comment on every post in a thread, especially one that's not directed to you. Comments that don't add to the discussion don't add to the discussion.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Compound » Fri May 25, 2018 11:53 am

toomuchRE wrote:
Fri May 25, 2018 10:11 am
Now or within 4 months.. Rest of the US will lag by 8-12 months.. Hotter markets first.

I may be wrong but I kinda feel it. We will come back to this thread in 2 years and figure out.

Also a possible Stock decline starting September..
What metric are you suggesting we use to determine if you are correct on your predictions?

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by mervinj7 » Fri May 25, 2018 11:58 am

Ged wrote:
Fri May 25, 2018 11:49 am
Pajamas wrote:
Fri May 25, 2018 11:23 am
Something else to consider is that large corporations are recognizing the benefits of decentralizing their workforces.
I think any corporation with their HQ in Shakeytown and a long view would definitely want to decentralize.
In before the lock.
Decentralization must why companies like Apple, Google, and Facebook are building beautiful new campuses in new cities. Although in this case, those new campuses are still in the Bay Area. Wish I bought a house in Sunnyvale when I had the chance....
https://appleinsider.com/articles/18/03 ... eady-built
https://www.mercurynews.com/2018/04/12/ ... gle-adobe/
https://www.mercurynews.com/2018/03/16/ ... ple-tesla/
https://www.mercurynews.com/2017/12/20/ ... ould-work/

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by dkeeney » Fri May 25, 2018 12:00 pm

Really not suggesting anyone to sell or buy... Just my instincts.. Instincts have done good for most part of my life. personal and professional..
Maybe luck..
Probably more likely to be confirmation bias. I suggest reading The Undoing Project by Michael Lewis regarding the landmark work by Daniel Kahneman and his partner Amos Tversky. https://www.amazon.com/Undoing-Project- ... 0393254593

Humans have an ingrained tendency to dismiss evidence that does not conform to their expectations and worldview, and give greater weight to information that does conform -- and confirm what they believe to be true.

https://www.thecut.com/2017/01/kahneman ... sions.html

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by toomuchRE » Fri May 25, 2018 12:09 pm

dkeeney wrote:
Fri May 25, 2018 12:00 pm
Really not suggesting anyone to sell or buy... Just my instincts.. Instincts have done good for most part of my life. personal and professional..
Maybe luck..
Probably more likely to be confirmation bias. I suggest reading The Undoing Project by Michael Lewis regarding the landmark work by Daniel Kahneman and his partner Amos Tversky. https://www.amazon.com/Undoing-Project- ... 0393254593

Humans have an ingrained tendency to dismiss evidence that does not conform to their expectations and worldview, and give greater weight to information that does conform -- and confirm what they believe to be true.

https://www.thecut.com/2017/01/kahneman ... sions.html

Agreed. I have made wrong calls due to confirmation bias.. not denying that at all.. Having said that, I have nothing to do with bay area market.
if I was so confident about all my gut feeling, I would be at a different level..

I'm not expecting people to agree with me... But I believe for the couple of weeks, some research and a lot of thing came together which made me post this.. So who knows..
Last edited by toomuchRE on Fri May 25, 2018 12:12 pm, edited 1 time in total.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by wootwoot » Fri May 25, 2018 12:11 pm

toomuchRE wrote:
Fri May 25, 2018 10:11 am
Now or within 4 months.. Rest of the US will lag by 8-12 months.. Hotter markets first.

I may be wrong but I kinda feel it. We will come back to this thread in 2 years and figure out.

Also a possible Stock decline starting September..
You should invest your life savings and start shorting Bay area REITs immediately. Don't waste any time, there's money to be made!

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by toomuchRE » Fri May 25, 2018 12:13 pm

wootwoot wrote:
Fri May 25, 2018 12:11 pm
toomuchRE wrote:
Fri May 25, 2018 10:11 am
Now or within 4 months.. Rest of the US will lag by 8-12 months.. Hotter markets first.

I may be wrong but I kinda feel it. We will come back to this thread in 2 years and figure out.

Also a possible Stock decline starting September..
You should invest your life savings and start shorting Bay area REITs immediately. Don't waste any time, there's money to be made!
I would love to.. How do I do that ??. May be put a couple of thousands which i can afford to lose.... Like cryptos.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by chevca » Fri May 25, 2018 12:27 pm

Pajamas wrote:
Fri May 25, 2018 11:50 am
chevca wrote:
Fri May 25, 2018 11:41 am
So, everyone gets to have/make their own prediction then? Got it, thanks. :happy
You don't have to comment on every post in a thread, especially one that's not directed to you. Comments that don't add to the discussion don't add to the discussion.
Couldn't help it. You didn't like someone's prediction, called them out on it, then made your own prediction... which may or not come true. What adds to the discussion may be sort of a personal preference in this one. If this were a thread on what they're predicting on the stocks shows on TV, it'd all be called noise. :happy

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by toomuchRE » Fri May 25, 2018 12:59 pm

Folks, feel free to criticize my prediction. No harm.. Also give your opinion why I might be wrong. it is more productive..

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Pajamas » Fri May 25, 2018 1:02 pm

chevca wrote:
Fri May 25, 2018 12:27 pm
Couldn't help it. You didn't like someone's prediction, called them out on it, then made your own prediction... which may or not come true. What adds to the discussion may be sort of a personal preference in this one. If this were a thread on what they're predicting on the stocks shows on TV, it'd all be called noise. :happy
Okay, we got it, you don't like it when people make predictions about the real estate market and want to repeatedly make that point in a thread on that topic. Thanks for your input.

I will take this opportunity to note that my post did not make a prediction. It presented another possibility.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Atilla » Fri May 25, 2018 1:19 pm

Real estate is crazy here in upper midwest college town country. Crap tear down houses on tiny lots in trendy neighborhoods are going for $300K plus. Buyers are looking at buying a very small, un-renovated since the 1950s 2 bedroom house on a slab that will cost them $7,000 a year in property taxes alone. Go figure.

Neighbor just sold for $240K for a condo unit bought 3 years ago for $199K. Nice percentage appreciation for him. And we live in the hood with shootings on a regular basis in the warmer months. Luckily the daycare building next door blocks us from direct fire from the quickie mart parking lot on the further side. :D
The Village Idiot - here for your entertainment.

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by whodidntante » Fri May 25, 2018 1:23 pm

runner3081 wrote:
Fri May 25, 2018 10:35 am
Well, you have a 50% chance of being right.
Not that good.

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Quantum
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Quantum » Fri May 25, 2018 1:28 pm

Folks, I'm calling Tops for this thread RE closure.

The thread is getting derailed and personal, and I expect the topic to be shut down within the next 12 hours... 4 days at tops. I may be wrong but I kinda can feel it.
Will come back to this thread and revisit in a month.
“The advantage always favors the one who is trying to create fear, over the one who is trying to erase it.” | Howard R. Hughes JR.

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Pajamas
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by Pajamas » Fri May 25, 2018 1:30 pm

Atilla wrote:
Fri May 25, 2018 1:19 pm
Neighbor just sold for $240K for a condo unit bought 3 years ago for $199K. Nice percentage appreciation for him.
That 20% or so doesn't sound so good compared to the return from the stock market over the same period even if you ignore the hefty transaction costs with buying and selling real estate.

MiddleOfTheRoad
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Re: Folks, I'm calling the Tops for Bay area RE market

Post by MiddleOfTheRoad » Fri May 25, 2018 1:51 pm

2000 - 2002: tech crashed. Housing in Bay Area? Doubled from 2000-2007

2007-2011: most houses went down 30-40% in value. Now nearly double the high in 2007

Just illustrating the unpredictability of the housing market here.
Will it continue? I have no idea.

Buy when you can afford it. Sell when you no longer need it. I have friends who tried to time the housing market here, no one gets it 100% right, and these are professional reql estate peeps. (Not that they know any better :P )

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Re: Folks, I'm calling the Tops for Bay area RE market

Post by LadyGeek » Fri May 25, 2018 2:08 pm

This thread has run its course and is locked (discussion not productive, no added value to continue, derailed in several directions). See: Locked Topics
Moderators or site admins may lock a topic (set it so no more replies may be added) when a violation of posting policy has occurred. Occasionally, even if there are no overt violations of posting policy, a topic (or thread) will reach a point where the information content of the discussion has been essentially exhausted and further replies are much more likely to cause distress to the community than add anything of value.
This thread is now in the Investing - Theory, News & General forum (real estate market).
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