patrick.net

At the time of the last crash around 2008, mortgage rates were 2 to 3 percent higher. Lower rates seemed to bring things back in the short run. Lots of foreclosures popping up in the Bay Area, with interest rates that can go no lower. Does this mean a "hard crash landing" for this bubble?

My wife and I wanted to upgrade to a little bit bigger house but it would require us to more than double our property taxes going from 4.5k to 9-10k screw that. and that is for a house in the same area that we already live, most other people wanting to do the same but the property tax kills it.

I saw tons of open houses this weekend just in the hood, partly spring season, but seems like many owners have gotten a whiff of the blow-off top and try to get out at the right time.