Lot of foreclosures in Bay area

[Catalpha]

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

[jefferson1]

chinese people happy

[BeautyQueen]

1 minute ago, Catalpha said:

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

[MiryalgudaMaruthiRao]

pm please

[Catalpha]

Just now, MiryalgudaMaruthiRao said:

pm please

https://www.zillow.com/sunnyvale-ca/foreclosures/

https://www.zillow.com/homes/Santa-Clara,-CA_rb/

 

[Catalpha]

2 minutes ago, MiryalgudaMaruthiRao said:

pm please

150 foreclosures in San Jose

https://www.zillow.com/homes/San-Jose,-CA_rb/

[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. 

[DummyVariable]

Credit default swaps here we come

[Catalpha]

~500 properties foreclosure 

https://www.zillow.com/bay-area-ca/foreclosures/

[Hydrockers]

@Sucker konuko

[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.

 

[DummyVariable]

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.

[Sarvapindi]

Bay area is overhyped...

[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. 

[chanchala]

3 minutes ago, Sarvapindi said:

Bay area is overhyped...

yeah. lol. everyone should leave, so cooler people can move in.