>> I don't think this will happen on its own. You'll need a crash of some sort for the area to find its real prices. And it is alarming talking to the recruiter

>> I don't think this will happen on its own. You'll need a crash of some sort for the area to find its real prices. And it is alarming talking to the recruiters, whom seem to think that housing prices will only ever go up. Well they aren't wrong. Yes, crashes like 2008 did happen and will likely happen again. But over a decade, you can safely bet that Bay Area housing will continue to appreciate. Why? Prop 13(0). The market dynamics of CA housing are severely warped as a result of Prop 13. Some of my family members pay ~1/20th of the monthly costs that their immediate neighbors pay (mortgages, taxes, etc) due to it. As a result, the supply is very strange and very limited. Some people are very rich when counting the price of the house. But if you take the real estate away, they are very poor. As such, they cannot move around in-state, ever. Reno is their only option. This affects traffic, schools, local taxes, really everything. And every year the effects get worse, and every year it continues to be on the book, mostly because young people don't vote. No discussion on CA housing can go on without talking about Prop 13's distortion field. 0: https://en.wikipedia.org/wiki/California_Proposition_13_(1978) https://en.wikipedia.org/wiki/California_Proposition_13_(197...