4 ms·
Admittedly biased Bay area resident myself, but the fundamentals of the housing markets remain from my perspective: this part of the country has the best climat
by daveevad 4y ago
Admittedly biased Bay area resident myself, but the fundamentals of the housing markets remain from my perspective: this part of the country has the best climate and natural beauty. Over the longer term, I'm not too worried about housing prices but these next couple of years could be brutal. I'd be curious to hear alternate contenders for the climate, landscape claims of mine if anyone's game.
- alliao 4y agojust curious, are most buildings built for the big one? or is it more let the quake shake down the weak mentality
- vinyl7 4y agoClimate doesn't matter much when people can't afford a mortgage payment on a tiny house that costs several million dollars
- ghaff 4y agoThere are a lot of reasons the Bay Area is desirable--especially if you're someone who appreciates outdoor activities and natural beauty. But most people also need jobs and at least somewhat affordable housing. If snowbelt or desert cities do a better job of providing those, climate and natural beauty only go so far for a lot of people--especially if they don't otherwise have strong connections to the area.
- rr808 4y agoThe other thing has changed is interest rates. Fundamentals @ 7% mortgages really aren't great either.
- plasticchris 4y agoBut that’s not what drove the prices - housing prices were basically the cost of accessing the labor market.