It's all relative and cyclical. Even SF was it by the 2008 crisis. If you bought in 2008 and had to sell any time prior to 2014, between carrying costs and tra

It's all relative and cyclical. Even SF was it by the 2008 crisis. If you bought in 2008 and had to sell any time prior to 2014, between carrying costs and transaction costs you most likely lost money. By the same token, I bought a house 2 years ago on the East Coast and made bank selling it this Spring. Only time will tell what buyers in this market are going to experience.