Get your checkbook ready.... there are going to be some deals out there (deals for the SF Bay, it's all relative). It is not going down 50% as some hope, but it is going down enough for some repo bank sales to be priced like 2003 all over again.

That is as "affordable" as you can hope for. So if you have a real income you can get a loan and get a good house at a decent price in these outlying areas. I really think it is a once in a decade opportunity.

I know I'll be bashed by some like "knucklehead", but looking back in 5 years many who could have bought and didn't, will say "I should have a.”
However, don’t expect price drop in Cupertino, Saratoga, and Palo Alto It is still seller’s market.

한글로 해주세요.  큰나무님.  물론 영어로 그정도는 다 해독하지만, 여기는 한글 싸이트잖아요.

천천히 사셔도 됩니다. 앞으로 집값도 이자도 내려갈 확률이 더욱 많읍니다. 하지만 쿠퍼, 팔로, 사라를 보신다면 마음에드는 물건 나오면 그냥 사는게 좋을겁니다. 그 동네는 파는 사람이 없어서 문제이기 때문에 값이 잘 안 떨어질 수 밖에 없는 곳입니다.

About prices coming down...maybe, depends on the area, but on the Peninsula, there were already too many people willing to buy a standard 3bed/2bath for well over a million. Just think how many will want to try and get the same house for 900K.

The result will mean more people who want a house than there are houses.
If you cannot afford to buy now, will you be able to out bid those who can afford to buy now?

Overinflated or not, there is more people who can afford 1.1M than there are 1.1M houses. I am sure that if you can't afford now, you won't be able to compete tomorrow.

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