Yeah, but I don’t think I’m in a bubble area. I’m in the East Bay of the San Francisco Bay Area, and home prices are still going up and up and up.
I was kinda hoping for a little “correction” so I could buy in the neighboring city with a better school district. This bailout, I think, will prevent that little correction.
So I’ll continue sending my children to private school. It’s a choice between public school and a big mortgage (and bigger house) or private school and a small mortgage (and smaller house).
“I’m in the East Bay of the San Francisco Bay Area”
I lived in SF in the late 80’s.
I’m surprised to hear that prices are still increasing in the East Bay.
My wife and I look back and wish we would have bought something there in the late 80’s.
Housing prices are not going up in many areas, most of the bubble areas have come down.