Bay area Housing 2020- Crash or no crash
Just wanted to get a sense of what people are seeing in Bay area and what they think will happen after a few month. Also wanted to see if I am being too negative on bay area and forecasting a 10-15% price drop.
The reason I see a 10 to 15% drop by April 2021 is
1. The virus and unemployment
2. Start-up layoffs
3. H1B ban for next 2 years effectively
4. Tech work from home or anywhere going main stream.
The area I am using as bench marks are
1. San Fran
2. Mountain view
3. Fremont
4. Walnut creek.
Very different demographics in all four and they together represent the Bay area as a whole quite good with the issues highlighted above.
I will write in more details when people write about their opinion on the points I raised.
I hold no solid stance one way or the other, just want people who are actually investing there give their side of the analysis, so I see if I am thinking correct.
Rents have dropped over 10% for two months now, are property prices next ?