Multiple people in this thread have mentioned the Seattle real estate market going to shit (for sellers) - is that related to tech layoffs or is something else going on? San Francisco's market is just as crazy as ever.
The inventory of housing currently on the market is anomalously high and there are relatively few buyers. I know a few people that will be lucky to sell for as much as they paid a decade ago. People who bought during the COVID bubble are underwater.
This feels more like the beginning of a macro trend than a temporary blip.
At least now they have some sense to cap the rental raise percent but I’ve had to deal with 15-20% increases before, and not to mention the cost of parking in an apartment.
I probably made a mistake buying but I couldn’t take the bullshit from landlords and all the headaches that come with people wanting more money.
Home prices have doubled here since 2014. We are having a modest dip right now.