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Old 2 Weeks Ago #1
katsung47
Senior Member
 
Join Date: Jan 2011
Posts: 891
katsung47
Default The coming real estates crisis

944. See how big the bubble is (1/25/2017)

17 years ago, I found the Feds moved the area residents away and bought in houses in large scale. (see #733, 734, 736. CASH FOR HOUSE). As early as 2003, I warned of a housing bubble. (see #180. Beware of housing bubble (11/16/03))That bubble keeps growing up until now. I think that's because They failed to eliminate Kat Sung. The result is: San Jose becomes No.1 highest median house price city (where I live) and San Franciso is the No.2. (Where my mother and sisters live).

Here is a chart of median home sale prices of San Francisco. The curve is accordant to the persecution course the Feds apply on me. The unusual upward price started from 1993. Though the chart author thought there were two bubbles, it is still a big one in fact. The bubble stopped growing up in 2008 due to financial tsunami but the Feds managed to prevent it from breaking. The down turn was mild. Even in lowest point of 2011, it's 695,000. Double the amount of starting price.




From steep curve you may see how big this bubble is.


Quote:
Report: San Jose, Not San Francisco, Has Highest Median Home Price In Country
BY JACK MORSE IN NEWS ON AUG 12, 2016

San Jose, with a median home price of $1,085,000, currently ranks as the most expensive metropolitan area for would-be home owners. The second most expensive? That would be San Francisco coming in at $885,600.

http://sfist.com/2016/08/12/san_jose...o_has_high.php
 
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