patrick.net

Something is going to hit the wall this year that will cause prices to crash. Not sure what it will be, just a feeling that things can't keep going the way they're going.
It's unsustainable.

If we take in consideration history of previous cycles, just opposite should happen.
Currently stock market starts to outperform real estate investment return. Hedge funds money as well as individuals, returns to stock market. This kind behavior was typical in the past recessions.

waiting_for_the_fall says

Something is going to hit the wall this year that will cause prices to crash. Not sure what it will be, just a feeling that things can't keep going the way they're going.

It's unsustainable.

Plans have been laid to move out. This area has a low standard of living, bad schools and is generally anti family and has an annoying commuting situation being made worse by Marissa Mayer types trashing telecommuting.

^
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Xenogear3 didn't say that.

The Professor says

At this point our consumer economy implodes.

...when America's citizens begin to go Galt !

Honestly, I could see it going either way. It depends on sellers that have been underwater that are now just coming back up for air, or in places like the SFBA, are seeing valuations exceed bubble highs. If they decide to hold-off listing their house for another year to try to get more money for nothing, inventory will stay low and prices will climb. If they decide to capture whatever gains they can and list, prices will probably flat-line. Nobody really knows for sure, but all of the price increases are being fueled by low inventories and the cheapest debt the US has ever seen (while the NINJA loans of the mid-00's allowed people to leverage themselves far more, they still had payments to make based on 2x today's interest rates).

Personally, I do not expect to see any thing middle-class-friendly happen this summer, or the next, or the one after that. Bubba Gubmint and Benny just smacked the soap out of the middle class's hands, and they want you to pick it up nice and slow. The middle class sure does have a purdy mouf.