Today’s Housing Bubble Post

The SF Bay Area is in another housing bubble. In fact prices are higher than they were in the last one, which didn’t end well. 3br, 1-or-2ba houses in bad neighborhoods are selling for $800,000. People are “bidding up” houses to one or two hundred thousand over the asking price.

Here’s a clue to what’s coming eventually (not right away): I heard an ad on the radio telling people to “take money out of your house” saying you could get $100,000 to spend.

That’s right, home equity loans are back, telling people to “take money out of your house.”

Bay Area home prices soar

Is Bay Area housing bubble back?

Real Estate Expert Says China Cash Is Driving Soaring San Francisco House Prices