4 ms·

No they aren't. Just look at affluent areas like Palo Alto which have fallen year-over-year: https://www.zillow.com/palo-alto-ca/home-values/ https://www.zillo

No they aren't. Just look at affluent areas like Palo Alto which have fallen year-over-year: https://www.zillow.com/palo-alto-ca/home-values/ https://www.zillow.com/palo-alto-ca/home-values/ (or Atherton for that matter: https://www.zillow.com/atherton-ca/home-values/ https://www.zillow.com/atherton-ca/home-values/) I'm skeptical IPOs will affect the market outside SF or Northern San Mateo county, given almost all are SF-based companies [with your windfall, you are going to buy yourself a crap commute in a more boring area?]. Note that SF rents and pruchase prices have gone up a bit YTD, but other areas are flat to falling. (Finally, people/the media are way over-speculating how many people are going to start buying homes after an IPO. From my experience, going funemployed for a year or so was a more common thing to do with the windfall)

caprese 8y ago
> with your windfall, you are going to buy yourself a crap commute in a more boring area? Exactly, I'm so glad Silicon Valley made it up to San Francisco for real this decade. This was always long overdue.
- rubicon33 8y ago
  The struggle is real, aint it.
- Nuzzerino 8y ago
  The one thing that bothered me most about the bay area was all the people who were more willing to live in cold, foggy, crowded, expensive SF AND deal with a commute to the area with nicer weather (south). Maybe they had family issues back home and have a need to live somewhere that is more "open minded" than anywhere else.
  - caprese 8y ago
    SF weather is neighborhood by neighborhood, with cold and foggy being ubiquitous only in the summer time, which is counterintuitive for tourists. It's anywhere from 58 to 72 degrees almost all times in parts of the city. Nice weather if you know where to look or have a particular preference. So maybe thats just a secret for you? But I do like areas that are warm at night time too, which SF is not.
thorwasdfasdf 8y ago
yes, and keep in mind, you need to select "Median Sale Price" from the drop down value. The zillow home price index is misleading (according to their own data) and deviates from whats really happening (median sale price).
thorwasdfasdf 8y ago
and notice how the Palo alto avg days on market has jumped to 77 just in the last few months!
- gumby 8y ago
  Scary sign. The house across from us sold in 2009 after six weeks on the market and most of my neighbors were terrified the market had completely tanked (the ones who'd been here since the 80s had seen it all and didn't seem fazed). The last two houses I sold in Palo Alto (past couple of decades -- I'm no speculator!) sold in less than a week, tour -> cash in hand.
gumby 8y ago
I'm getting ready to list my house in Palo Alto next month; the real estate agents' recommendations all cluster about 3X the Zillow price (I have a very large house by Palo Alto standards). And we chose not to talk to the agents who only market to overseas buyers -- they typically overprice and then tolerate a longer period on the market.

caprese 8y ago

> with your windfall, you are going to buy yourself a crap commute in a more boring area? Exactly, I'm so glad Silicon Valley made it up to San Francisco for real this decade. This was always long overdue.

rubicon33 8y ago
The struggle is real, aint it.
Nuzzerino 8y ago
The one thing that bothered me most about the bay area was all the people who were more willing to live in cold, foggy, crowded, expensive SF AND deal with a commute to the area with nicer weather (south). Maybe they had family issues back home and have a need to live somewhere that is more "open minded" than anywhere else.
- caprese 8y ago
  SF weather is neighborhood by neighborhood, with cold and foggy being ubiquitous only in the summer time, which is counterintuitive for tourists. It's anywhere from 58 to 72 degrees almost all times in parts of the city. Nice weather if you know where to look or have a particular preference. So maybe thats just a secret for you? But I do like areas that are warm at night time too, which SF is not.

thorwasdfasdf 8y ago

yes, and keep in mind, you need to select "Median Sale Price" from the drop down value. The zillow home price index is misleading (according to their own data) and deviates from whats really happening (median sale price).

thorwasdfasdf 8y ago

and notice how the Palo alto avg days on market has jumped to 77 just in the last few months!

gumby 8y ago
Scary sign. The house across from us sold in 2009 after six weeks on the market and most of my neighbors were terrified the market had completely tanked (the ones who'd been here since the 80s had seen it all and didn't seem fazed). The last two houses I sold in Palo Alto (past couple of decades -- I'm no speculator!) sold in less than a week, tour -> cash in hand.

gumby 8y ago

I'm getting ready to list my house in Palo Alto next month; the real estate agents' recommendations all cluster about 3X the Zillow price (I have a very large house by Palo Alto standards). And we chose not to talk to the agents who only market to overseas buyers -- they typically overprice and then tolerate a longer period on the market.