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A comment on San Francisco, Silicon Valley rents plunge amid downturn. Parent comment

Re:San Francisco, Silicon Valley rents plunge amid downturn by sushisource on Monday June 01, 2020 @12:45PM (#23380536)
If you're staying in the same market and you already own, then it doesn't matter much. What matters more is that your other investments are relatively outperforming the house (likely already true because of the Fed's money printer).

If you don't already own, waiting for a drop might be wise, but if you're going to sell stock to do it, you might wanna do it now. I'm looking at trading up to a new place right now and that's my plan.

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Re:San Francisco, Silicon Valley rents plunge amid downturn by LanceH on Monday June 01, 2020 @12:48PM (#23380568)
If you're moving up in home value, it may be worth taking the loss on a smaller home to get a good price on a bigger on.
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Re:San Francisco, Silicon Valley rents plunge amid downturn by jbay808 on Monday June 01, 2020 @01:06PM (#23380828)
Doesn't "the Fed's money printer" inflate housing just as much as other assets?
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Re:San Francisco, Silicon Valley rents plunge amid downturn by orwin on Monday June 01, 2020 @02:01PM (#23381594)
With a lag, and it really depends on the area and how many people benefit from money printing. If the scheme is QE like in europe, the housing prices will not gain as much as the market prices in low to middle-class area.
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Re:San Francisco, Silicon Valley rents plunge amid downturn by sushisource on Monday June 01, 2020 @01:22PM (#23381059)
Not without some substantial delay. The stock market and the housing market are definitely correlated, but not perfectly so.
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Re:San Francisco, Silicon Valley rents plunge amid downturn by xur17 on Monday June 01, 2020 @12:59PM (#23380723)
> if you're going to sell stock to do it, you might wanna do it now

Might be a wise move, but the current interest rates make it hard to pass up a mortgage..

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Re:San Francisco, Silicon Valley rents plunge amid downturn by sushisource on Monday June 01, 2020 @01:21PM (#23381048)
Oh I'm assuming a mortgage is still involved. Buying a house purely with cash is a stupid move when the fed is handing out free money. Debt is a great tool if you use it correctly.
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