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Anecdotally, in my corner of the Silicon Valley, I've been looking to trade up homes from my 7/10 district to a nearby 10/10. Over the last year, I've seen the
by georgeburdell 11mo ago
Anecdotally, in my corner of the Silicon Valley, I've been looking to trade up homes from my 7/10 district to a nearby 10/10. Over the last year, I've seen the comparable properties in 10/10's rise about 10%, while my 7/10 has gone down about 5%. Both areas are very short commutes to high tech.
- varenc 11mo agoTalked to a real estate agent recently and she mentioned a similar trend in the bay area. "Luxury homes", $3M+, are hot right now with prices risings. Whereas lower cost non-luxury homes are seeing less growth. It's a weird world.
- nemomarx 11mo agoK shaped economy I guess? More and more spending is driven by the top, so maybe housing that aims to capture that still sells fast but more normal housing struggles
- blackjack_ 11mo agoThings are visibly cooling up here in Marin, houses are actually sitting on the market (even just at the end of last year houses were generally scheduling offer dates and picking the best one). Some of this is just seasonal cooling, so I'm wary to draw any larger conclusions... but I'm seeing a lot lot more `for sale` signs than I'm used to.
- jandrese 11mo agoMore evidence of the hollowing out of the middle class.