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In my case I'm completely shut out of a crazy real estate market in Silicon Valley with a small child to accomodate, and gloomy prospects if we ever get evicted
by luckydata 11y ago
In my case I'm completely shut out of a crazy real estate market in Silicon Valley with a small child to accomodate, and gloomy prospects if we ever get evicted. I'm a tech worker and I make a very nice salary, and I can't wait for a crash to take some of the crazy money out of the equation.
- _dominic 11y agoUnless you have big cash savings, i don't see how you can benefit from a crash.
- infamouscow 11y agoIt will be a great time to move to San Francisco after the rent prices drop through the floor.
- freyr 11y ago> after the rent prices drop through the floor Ha, I wish. The market might cool off, but it's like saying it will be great moving to Manhattan once rent there becomes dirt cheap. Barring catastrophic events (e.g., war, a confluence of epic natural disasters, an alien invasion), not in our lifetimes.
- luckydata 11y agoI disagree. I have cash, just not the crazy amount necessary to buy a 1.2M two bedroom apartment. Once prices cool down a bit the 20% of that will be lower, payments lower. I'm not hoping for a thermonuclear war, just for sanity.
- pfarnsworth 11y agoUnless, of course, your company goes through multiple rounds of layoffs and paycuts, as does all the other companies in the area. Then you're too scared to buy a place because you're worried about getting saddled with a large debt and possibly losing your job.