Market Conditions, Trends and Home Prices in San Francisco

Re:Market Conditions, Trends and Home Prices in San Francisco by paulsutter on Monday July 16, 2018 @06:02PM (#17545549)

A friend bought his house in Sunnyvale at the peak and I think the trough was about 30% lower. The decline had no effect whatever on his life, before long it was multiple times his original price.

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Re:Market Conditions, Trends and Home Prices in San Francisco by seanmcdirmid on Monday July 16, 2018 @07:05PM (#17545932)

My land lady in San Carlos told me she had a heck of a time keeping her house in the late 80s early 90s housing crash. Ya, you can win if you are liquid enough to weather the storm, not everyone is though, especially if you are heavily leveraged and go underwater on your loan.

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Re:Market Conditions, Trends and Home Prices in San Francisco by thatfrenchguy on Monday July 16, 2018 @06:07PM (#17545583)

Unless you get fired and you can’t afford your mortgage.

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Re:Market Conditions, Trends and Home Prices in San Francisco by mateo411 on Monday July 16, 2018 @06:32PM (#17545737)

If you get fired or laid off, then you get another job.

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Re:Market Conditions, Trends and Home Prices in San Francisco by ghaff on Monday July 16, 2018 @06:52PM (#17545863)

Said a lot of people in 1999. And say a lot of people who are commanding high-level wages for relatively specialized skills and experience.

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Re:Market Conditions, Trends and Home Prices in San Francisco by nostrademons on Monday July 16, 2018 @07:56PM (#17546189)

This was not always possible in 1991 or 2002 or even 2009.

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Re:Market Conditions, Trends and Home Prices in San Francisco by mateo411 on Tuesday July 17, 2018 @12:40PM (#17550985)

This is true. The biggest risk with buying is that there could be a recession in the near future and you will be unemployed.

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