Catalpha Posted August 20, 2020 Report Share Posted August 20, 2020 There are a lot of listings of foreclosures, they are in auction, cash only. Quote Link to comment Share on other sites More sharing options...
jefferson1 Posted August 20, 2020 Report Share Posted August 20, 2020 chinese people happy 1 Quote Link to comment Share on other sites More sharing options...
BeautyQueen Posted August 20, 2020 Report Share Posted August 20, 2020 1 minute ago, Catalpha said: There are a lot of listings of foreclosures, they are in auction, cash only. 1 Quote Link to comment Share on other sites More sharing options...
MiryalgudaMaruthiRao Posted August 20, 2020 Report Share Posted August 20, 2020 pm please Quote Link to comment Share on other sites More sharing options...
Catalpha Posted August 20, 2020 Author Report Share Posted August 20, 2020 Just now, MiryalgudaMaruthiRao said: pm please https://www.zillow.com/sunnyvale-ca/foreclosures/ https://www.zillow.com/homes/Santa-Clara,-CA_rb/ Quote Link to comment Share on other sites More sharing options...
Catalpha Posted August 20, 2020 Author Report Share Posted August 20, 2020 2 minutes ago, MiryalgudaMaruthiRao said: pm please 150 foreclosures in San Jose https://www.zillow.com/homes/San-Jose,-CA_rb/ Quote Link to comment Share on other sites More sharing options...
JambaKrantu Posted August 20, 2020 Report Share Posted August 20, 2020 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. 2 Quote Link to comment Share on other sites More sharing options...
DummyVariable Posted August 20, 2020 Report Share Posted August 20, 2020 Credit default swaps here we come Quote Link to comment Share on other sites More sharing options...
Catalpha Posted August 20, 2020 Author Report Share Posted August 20, 2020 ~500 properties foreclosure https://www.zillow.com/bay-area-ca/foreclosures/ Quote Link to comment Share on other sites More sharing options...
Hydrockers Posted August 20, 2020 Report Share Posted August 20, 2020 @Sucker konuko Quote Link to comment Share on other sites More sharing options...
chanchala Posted August 20, 2020 Report Share Posted August 20, 2020 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. Quote Link to comment Share on other sites More sharing options...
DummyVariable Posted August 20, 2020 Report Share Posted August 20, 2020 Just now, Catalpha said: ~500 properties foreclosure https://www.zillow.com/bay-area-ca/foreclosures/ 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. Quote Link to comment Share on other sites More sharing options...
Sarvapindi Posted August 20, 2020 Report Share Posted August 20, 2020 Bay area is overhyped... Quote Link to comment Share on other sites More sharing options...
Catalpha Posted August 20, 2020 Author Report Share Posted August 20, 2020 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. Quote Link to comment Share on other sites More sharing options...
chanchala Posted August 20, 2020 Report Share Posted August 20, 2020 3 minutes ago, Sarvapindi said: Bay area is overhyped... yeah. lol. everyone should leave, so cooler people can move in. Quote Link to comment Share on other sites More sharing options...
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