It’s search engine result Thursday!
Recently someone found this site by searching for: will saratoga california house prices drop
But really, let’s broaden this out to be: will california house prices drop
The answer? Maybe.
Gasp! Shock! OMG! WTF!
It’s true! If you live anywhere but Saratoga, Palo Alto, Atherton, and a few other select cities, house prices may drop. Just look at Stockton.
Now… on the other hand, when house prices go up, being in California gives you a leg up because everyone wants to move here (except for all the people moving out.)
So… in summary… the answer is: maybe, for California and certainly not for Saratoga.
Real estate in California will always be a great proposition (like Proposition 13), but do be careful where you buy. Generally speaking, if you’re not paying at least $600 per square foot, you’re putting yourself at risk.