Bay Area Real Estate

Please don't do this.

Keeping in mind what happens in SF ripples out to the entire Bay Area...

You East & North Bay folks saw appreciation in the 18% range of late. SF folk about 13%. I think that is coming to an end and returning to normal. My congrats to all the home owners, and condolences to first time buyers - the bar is now set a bit higher.

Thank God. Maybe some relief in sight.

I kinda wish this would all get back to normal.

El Rey Theater to be restored. As a theater!

Pay special attention to the 3 bullets - with homes going up over 8% this year, and likely 3% over the following four....that house that is selling for $1m today will be selling for $1.2m in a few years. You likely can't save money that fast, find a way to get it now.

Stop renting. Talk to someone about how, right now, you can get into a home that you own even if it may not be your dream home. In that prices are far higher in our area than the example given - this differential is not $94,000, but $200,000 - $600,000. Believe me kids, that's the difference between retiring at 60 vs 70. May not be important now, but when you hit 60....

I gotta say, my only real estate regret was not first buying in my early 20s rather than later 20s. I would have been on that treadmill sooner, and, by my calculations, would be about $240,000 richer right now if I had. $240k is not a rounding error in retirement figuring.

I actually have a client waiting for this "tsunami." He wants it to be true so in his mind, it is.

How much house can you afford?

Conservation works.