Why are Bay Area home prices on the rise again? 

It's not just the monthly payment. It's the property tax that never goes away.

Hardly any new homes are built today compared to past decades

Because the value of the dollar is decreasing.

Why are Bay Area home prices on the rise again? Answer: Supply and Demand

When has it ever decreased 🤷‍♂️

Million dollar plus homes, but the roads are still terrible, crime is rampant, and taxes are insane.

Because we manufactured scarcity in housing to manipulate the market?

Same as always. Low supply and high demand.

If the price of carrots, potatoes, insurance, electricity, water & gas doubles, so will real estate.

Its like no one died during COVID 19

lol “paid for by the national association of realtors” get a grip people prices are not rising at all. Sellers are listing lower. There’s tons of inventory and tons more coming online as spring starts. Buyers are few and far between. Prices are flat and going down.

whelp time to get the hell out.

I’m so glad I bought my new home in 2020….i wasn’t going to sell because I didn’t want get into another home with a higher rate, but for what I can sell it for now, the gain is more than enough to offset the higher rates

when will housing market gonna crash? this can't last forever...

Rich techies driving up prices in the bay. Nothing new.

The reason the prices are still rising is Global investors in California real estate and the people that are benefiting are the ones smartly deciding on escaping this hellhole.Ask yourself why anyone in their right mind would pay millions over the average National rate for a home with homeless camps,Filthy streets,absent law enforcement, High Taxes, Lack of ability to insure the property and mentally ill and drug addicts are drug cartel people running the streets.The market is artificial and the endless price squeeze by investors and Pro traders is here permanently.No such thing as a normal neighborhood where people buy a home to actually live in.

You think the home cost is bad? Wait till they reassess the property tax at market value and the bill is over 20k. It's crazy what people are paying for old ass homes that would be barely 200k anywhere else. California has become a money pit in every department you look. You can have that so called great weather everyone is talking about. Between the bad policies, politics, crime, living cost, homelessness it ain't worth it.

Is the Bay Area really that amazing? Must be nice to afford a small home for 2 million and think it’s a deal.

i watched a video last week, they said sf house drop 5-8% from last year...here they're now anyways happy april 1st

she's so Happy

So just about 20% or less can actually afford those prices?😮

The answer was at the end of the segment. Tech stocks are running hot. NVDA, META, GOOG, NFLX, etc. They make local housing affordable for the average home buyer in the $1.5-2.5M range.

it might just be that everyone on earth wants to live in the Bay Area because the Bay Area has the best weather on earth. no boiling your butt off and no shoveling snow. nice and sunny 340 days a year with a average income of 110,000 and good jobs everywhere you look if you are looking to buy a home remember these three words before you do. LOCATION LOCATION LOCATION.🙂🍺☀⛱.

Everybody getting in position for rate cuts

There's still lots of empty condos in the SF, l think those are next to be snapped up.

It is inflation plain and simple.

Taxes, zoning laws and government subsidized housing plans? Yeah, it's such a "mystery".

GEE lets c.....cuz people are willing to pay the higher price. What else are stock options for except to run the price of real estate up up up.

I’m a general contractor and have lived in the Bay Area for 45 years and if I could I would pack it up and move tomorrow. It’s only going to get worse.

Bottom line must be because someone is buying them. But who and how?

$860,300 The California median home price is forecast to rise 6.2 percent to $860,300 in 2024. Not just the Bay Area!

It only gets worse. Stock options can quickly become worthless. Gee when has that ever happened? It will be bloody and no bailouts this time.

STOP ALLOWING CHINA TO BUY ALL THE SINGLE FAMILY HOMES. WHY IS THIS STILL ALLOWED WHEN SO MANY AMERICANS ARE FACING HOMELESSNESS ?!?!?

MY GOD WE NEED MORE HOUSING

Well Cali did just raise minimum wage at some places. That means more money into the economy and prices go up.

How come these news outlets never say who is buying these homes, how they are affording it, etc. Yes, we know prices are on the rise, but who and why can "someone" be able to afford them. Any fact-based info from anyone in the comment zone?

Sweet

At least a few hundred thousand or more people will be encouraged to leave the Bay Area after Nov. 5, prices will go down after.

I just came back from the future 2030, median prices in Santa clara are $100 million dollars, so $1.8 million is a bargain. Still no thank you.

So home owners are the benefits of this... if they pack up their entire lives and leave. Unless you were planning on leaving that doesn't sound like much of a benefit.

cool

It’s crazy to me how you can not live in CA but still feel the need to post about the home prices, crime etc. Almost as if you can tell which people are bitter and had to move away because they couldn’t afford it! I know friends from Texas and Ohio that come to Ca for work! If you work in tech you will make $$ if you work in the trades, (welder, lineman, firemen,etc). You will make $$. People will always come here looking for opportunity. Which there is plenty of!! As a lineman myself I can make 200k+ easy here! Of course I don’t like the politics or crime but with all this $$ and great weather, and can get from the ocean to surf and hit the mountains in under 5 hours to 🏂 it’s great! My buddy from Ohio just moved here for a welding job and he loves it! Says, “I thought this place was terrible because that’s all the news says”!!! Don’t bother replying I never read comments and completely ignore negative depressed people!!

Silicon Valley doesn’t crash for good. Never does and you’ll miss out time after time when it becomes impossible to buy due to new people always looking to make it in the bay with higher new salaries. Have to bite the bullet at some point to survive in the Bay Area or move somewhere less competitive.

Spoiled tech industry workers on visas making $150k-$300k annually + stock options is the reason. Maybe Us Americans should become programmers.

Homeowners aren’t benefiting. They have to pay higher property tax and they can’t sell their home and go out on a bidding war on another place. State, County and real estate brokers are the ones benefiting.

LOL - paying down with stock options. WOW - people are really desperate and getting creative.

Typical greed.

all Bay Area homes will always be expensive more expensive than central valley home

😧

😆 keep telling yourselfs that 😆😆

GREED. Simple.

Sell now & get the hell out!

Dystopia

🧧🧧🐉🐉

i'm glad i bought 5 rental properties in Bay Area 25 years ago ✌

🗑️

China

Joe Biden's inflation?

$15/hour to $20/hour 33% inflation or dollar devaluation. The price of a house should increase 33.333% for the starting time of $15 minimum wage to now. House price rises, blame the dollar devaluation. When dollar is free, then dollar is $O value.

Yesssss! I own property in the bay area and I’m about to rent it for sky high !

Stop allowing foreign investment and people who are not legally born citizens. I am a millennial and can't afford even in Nashville of all places!

It’s corporate greed, we own nothing.

The secret gov 👽 tryna move out all the humans