The real estate bubble is going to burst all over the world and lots of people will be poorer. That is a certainty ...the question is when.http://www.mercurynews.com/ci_22930687/bay-areas-average-homebuyers-shut-out-by-cash
that sums up everything...
if you cannot pay upfront with all-cash bids 30% beyond asking, don't try.
the prudent, patient and prepared will always have a war chest ready. it's like waiting for your enemy to foul up, faint and falter, then send in the reserve cavalry. :pThe real estate bubble is going to burst all over the world and lots of people will be poorer. That is a certainty ...the question is when.
I am not a gambler, so I will sit tight with my money to engage in scalping.
that's the opportunity to double down when property value tanks and holdout until next recovery, which is typically stronger than the last recovery, in about 5 years. and after a while like in tsunamis, people forget. i've seen it before. chance favors the prepared mind.The Big One will make many broke when it comes.
the rental market on the peninsula is so hot that you can now rent a tent in someone's backyard for us$899 per month!