Bay area has vulnerabilities
Author: Skia
Category: Real Estate
1) It had gone to the price extreme. Basically if you are not making 200K a year as family, better don’t go there. This situation has tipped the balance and could potentially make the region vulnerable.
2) Despite the extremely high price, income level is not much higher than other high income regions like in CT, NY, MD and VA.
3) High-speed network mobilized economy is actually chipping away at Bay area’s location advantage. Highly paid job can now more easily be moved to less expensive location. This potentially pose a long-term threat to Bay area.
Yes, it has been a great market ride to be in Bay area, but for the future, I don’t see high return from there.
investment property
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