Lot of foreclosures in Bay area

[snoww]

29 minutes ago, chanchala said:

CA is too desirable dude. that's why people pay a premium to stay there.

even before Intel HP started in garages there, CA attracted the best in the US.

CA might be desirable to some because of many reasons. But no reason to stay in expensive areas within CA. People will move to suburbs and less populated cities etc. 

Lake tahoe side already real estate in boom anta because of people moving. 

[snoww]

2 minutes ago, snoww said:

CA might be desirable to some because of many reasons. But no reason to stay in expensive areas within CA. People will move to suburbs and less populated cities etc. 

Lake tahoe side already real estate in boom anta because of people moving. 

https://sacramento.cbslocal.com/2020/08/07/south-lake-tahoe-experiences-real-estate-boom-amid-pandemic/

[chanchala]

5 minutes ago, snoww said:

CA might be desirable to some because of many reasons. But no reason to stay in expensive areas within CA. People will move to suburbs and less populated cities etc. 

Lake tahoe side already real estate in boom anta because of people moving. 

CA is not that expensive to be honest. even sf.

[chanchala]

4 minutes ago, snoww said:

https://sacramento.cbslocal.com/2020/08/07/south-lake-tahoe-experiences-real-estate-boom-amid-pandemic/

okay good luck.

[Ryzen_renoir]

Meh the prices are still 4 to 5 times higher than 2012 rates ... Foreclosures are pretty normal so far . 

[Sarvapindi]

India la stuck ainra va andaru..

[Picheshwar]

k

[Catalpha]

6 hours ago, Sarvapindi said:

India la stuck ainra va andaru..

Not sure

[tom bhayya]

10 hours ago, snoww said:

CA might be desirable to some because of many reasons. But no reason to stay in expensive areas within CA. People will move to suburbs and less populated cities etc. 

Lake tahoe side already real estate in boom anta because of people moving. 

Lake Tahoe CA lo ledhaa? SFO lo unna anni opportunities ekkada undavu so people move there even though its costly. Startups max vachedhi akkadey because u got the best talent there. Every year lo of people move out of CA at the same time lot of new people come its nirantharaprakriya. ippudu chusthunna problem anni cities lo undhi including hyd so ekkuva oohinchukoku 

[snoww]

22 minutes ago, tom bhayya said:

Lake Tahoe CA lo ledhaa? SFO lo unna anni opportunities ekkada undavu so people move there even though its costly. Startups max vachedhi akkadey because u got the best talent there. Every year lo of people move out of CA at the same time lot of new people come its nirantharaprakriya. ippudu chusthunna problem anni cities lo undhi including hyd so ekkuva oohinchukoku 

Read my post again vuncle. I haven't said CA or SFO will be total empty. I only said some might prefer moving to suburbs , or other near by cities if remote culture remains even after corona. 

Rents are already down there. I can't speak for other cities, but I know SFO cases. Time will tell if this is temporary or not. 

 

[Anta Assamey]

[no01]

13 hours ago, JambaKrantu said:

Commercial real estate and a few over priced cities themselves will not cause a nationwide recession. It will have localized impact. 

ledhu bro...there are other sectors and industries which are purely dependent on commercial real estates....they will be impacted and hundreds of thousands of jobs will be gone. This further will add fuel to recession.

[JambaKrantu]

24 minutes ago, no01 said:

ledhu bro...there are other sectors and industries which are purely dependent on commercial real estates....they will be impacted and hundreds of thousands of jobs will be gone. This further will add fuel to recession.

It might add fuel to the recession for sure but commercial real estate like malls were already going through a decline for over a decade now..

[tom bhayya]

14 minutes ago, JambaKrantu said:

It might add fuel to the recession for sure but commercial real estate like malls were already going through a decline for over a decade now..

8.5% mortgages are not paying from last 3 months ani banks ey chepthunnayi kadha mall edhedho chepthaavu enti? everything is interlinked one sector fail aithey adhi migilina sectors ni kuda impact chesthundhi 

[snoww]

The 2020 San Francisco exodus is real, and historic, report shows

By Andrew Chamings

 Updated 9:18 am PDT, Saturday, August 15, 2020

Photo: Zillow

 

 

Real estate inventory change from February to July 2020, in metro area and city proper.

A new report confirms what many have been talking about for weeks: There is an exodus out of San Francisco, and the numbers are staggering.

Online real estate company Zillow released new statistics shining a stark light on the issue this week. Their "2020 Urban-Suburban Market Report" reveals that inventory has risen a whopping 96% year-on-year, as empty homes in the city flood the market like nowhere else in America.