Sure, I follow. At the same time, we've still got tons of all-cash buyers in the Bay Area. Those $6.5m+ POS properties are still selling like hot cakes (surprisingly).
Outside of SV, I expect you'll see such a drop.
Outside of SV, I expect you'll see such a drop.
Point being, if most of those cash offers are really a 30-year mortgage in a trench coat, the peninsula might slump very quickly in the near future.