Jump to content

Lot of foreclosures in Bay area


Recommended Posts

  • Replies 81
  • Created
  • Last Reply

Top Posters In This Topic

  • chanchala

    20

  • snoww

    8

  • JambaKrantu

    8

  • Catalpha

    7

Top Posters In This Topic

Popular Posts

Too much anpichatamleyda?

Corona will change the course of the Bay Area real estate for the worse. Since companies are hiring remotely most of the employees will chose to stay out of Bay Area, already rents are dropping very q

chinese people happy

BeautyQueen
1 minute ago, Catalpha said:

There are a lot of listings of foreclosures, they are in auction, cash only. 

Jung-So-Min-3.jpg.67cc2c31f6f75d08b64d0f

  • Haha 1
Link to post
Share on other sites
JambaKrantu

Corona will change the course of the Bay Area real estate for the worse. Since companies are hiring remotely most of the employees will chose to stay out of Bay Area, already rents are dropping very quickly in SF and Bay Area, next to follow are the home prices. It will take 3 to 5 years for the trend to be sizable enough to show up on paper, so don't look at today's sales and assume that it's going to hold up.Corona is not an ordinary recession, it's effects will be felt for a generation, 20 years from now you will look back and realize how it shaped the future of commercial real estate and overpriced cities.

 LA and Seattle also will be impacted. 

  • Upvote 2
Link to post
Share on other sites
chanchala
10 minutes ago, JambaKrantu said:

Corona will change the course of the Bay Area real estate for the worse. Since companies are hiring remotely most of the employees will chose to stay out of Bay Area, already rents are dropping very quickly in SF and Bay Area, next to follow are the home prices. It will take 3 to 5 years for the trend to be sizable enough to show up on paper, so don't look at today's sales and assume that it's going to hold up.Corona is not an ordinary recession, it's effects will be felt for a generation, 20 years from now you will look back and realize how it shaped the future of commercial real estate and overpriced cities.

 LA and Seattle also will be impacted. 

your brain is working 24/7. koncham rest ivvu.

 

Link to post
Share on other sites
Catalpha
7 minutes ago, DummyVariable said:

Not a bad idea to buy them at the auctions, refurbish them and flip them later, but the market will not stabilize anytime soon. The risk is how long can one wait before the interest rates eat into your money.

That's what the Chinese will do, they already own half of the Bay area, probably will buy the rest now. 

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.