Skip to content
Buying & Selling Real Estate

User Stats

3,807
Posts
2,924
Votes
J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
  • Rental Property Investor
  • Oakland, CA
2,924
Votes |
3,807
Posts

Prices Peaking / Market softening in SF Bay Area? What have you seen?

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
  • Rental Property Investor
  • Oakland, CA
Posted Sep 22 2014, 06:28

Are things softening in the Bay Area, and if so, are you changing/modifying any of your strategy because of it?

I was up at Bay Area Wealth Builder's RE meetup in Corte Madera (near Marin) last week with @Kathleen L. and the host, Michael  Morengello (sp?) was talking about the market in the North Bay softening, more days on market, softer prices. He is flipping, and is now only taking on deals that take 3 months or less b/c he doesn't want to get caught with inventory if there's a downturn in prices. He even sold his personal home to downsize, and is keeping a lot of personal cash on the sideline (as stated verbally by him in chatting after the meetup.)

@Account Closed

Loading replies...