The Housing bubble appears to be going bust in U.S. tech towns including Year-over-year price declines for existing homes in San Fransisco, California. Also, Seattle, Washington is seeing the biggest 6-month home price decline since prior to the 2008 bursting of U.S. housing bubble 1.0.
San Francisco home prices are now down 5,000 from their peak from earlier in 2018 while Seattle median home prices are now down ,000 from their 2018 highs. Just like in the previous housing bubble, the big cities typically begin to fall before the rest of the county follows the leaders down.
Links to news sources discussed in the video are posted here: https://bullboom.blogspot.com/
Also, please help our channel grow by clicking like, commenting, sharing our videos and subscribing to our channel.
Thank you to all viewers and subscribers. I apologize that I do not typically have time to answer questions that are posted in comments.
Also, I cannot offer specific investment advice due to the complicated and detailed nature of everyone’s personal, unique financial and life situations. Although I usually include sources, charts, data, and links to the subject matter in my videos, the views expressed in my videos are often “one man’s opinion” and should not be taken as financial advice, in any way. I urge you to seek professional counsel and for everyone to do their own due diligence prior to making any significant decisions regarding financial and investment matters.
More info on Housing Bubble Trouble in Tech Towns, Home Prices Drop Big in Seattle & San Francisco
-
Startups News
Showcase your company news with guaranteed exposure both in print and online Join the BBJ for our second annual Biotech in Boston program… Ready to embrace the fast-paced future we’re all ...
-
The Firm will make sure Prince Andrew is 'financially secure', despite having no proper role, to prevent him writing books and giving interviews, royal expert claims
He will be more trouble and start talking and giving TV ... she added that it's unlikely Andrew will be able to hang on to his Royal Lodge home on the Windsor estate, with no way of financing ...
-
Amazon providing $23M for affordable housing in Seattle
Amazon said Thursday it is providing The commitment comes from Amazon's Housing Equity Fund, a $2 billion initiative launched in January 2021. The fund has so far invested more than $1.2 billion to ...
-
Weekly Commentary: Breaking And The Q1 2022 Z.1
More corroboration of the bursting “tech” Bubble thesis ... of surging mortgage rates and skyrocketing home prices has led to ‘collapsed’ housing affordability in America, according ...
-
Woman who was raised by members of ultra-religious Christian 'cult' after she was abandoned by her parents reveals they TIED her to her sister with rope to keep them in line ...
She was three when her biological parents gave her up, and she spent years in and out of foster homes until her parents ... she shared some of the books she got in trouble for reading when she ...
-
Is Old Town Dying?
Across the street, at the end of the day, the till doesn’t even hit $100, and another shop owner walks home mulling ... of low income housing projects in the top floors of Old Town buildings ...
-
A 6% Cost-of-Living Adjustment to Social Security May Not Be Significant Enough for Average Seniors
Due to rising prices, COLA could be in the 5.5% to 6.0% ... Top economist Mohamed El-Erian says the everything bubble is over. It’s a paradigm shift away from a ‘silly’ artificial economic ...
-
Here’s what’s open (and closed) on Labor Day 2021
And if you prefer a day of solo home maintenance or upgrades, now that lumber is back at a reasonable price level ... keep in mind that any packages you drop off won't go out until Tuesday.