Housing Bubble 2.0 - Bay area market

[Electrician4you]

Originally Posted by beb0p

It took years for the bubble to pop and then roughly three years later it skyrocketed again.

If someone had bought a house in most part of SF during the peak of the bubble, that house has appreciated significantly today.

So the narrative that if the tech bubble pops it will cause a drastic depreciation that will wipe you out for the long haul is not true if you look at historical data. If the point is that you may have missed out on a future drop then yeah, good point; that's not your point is it?
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It took a lot more than 3 years really.
It depends who you're talking about and their financial situation when a bubble pops. The RE bubble had absolutely no impact on our finances. My rentals were cash flowing. My house payment didn't change. I didn't lose my house, still worked full time. But I wasn't financially stretched at any time either. About the only thing that happened is my property value dropped. On paper.
Can a bubble popping have a long lasting even cataclysmic effect on smeone finances short or long haul? Sure. There are people today that are still underwater from the last RE bubble.

If the tech bubble pops lots of people are gonna lose their jobs or take a pay cut, if you're buying at a 150,000 income level and all of the sudden you go down to a 100,000 income level you're gonna suffer someone here.
The tech bubble popping will have affect on that locality. I have a few friends making 150k a year n the Bay Area. and with $3800 RENT forget buying a house , the tech bubble popping would have a huge impact on the area. The high wages is what keeps the rents and house prices high.