[nontechdude1]

sorry, i deleted that comment because it was..a little too much.

i would caution anyone with the resources to purchase a home to be cautious right now. there are too many political unknowns that could easily make it a poor financial choice.

or you can go all-in knowing that if you become underwater, you can just walk away (CA is a non-recourse state) as long as you don't have a HELOC on the property.

[thebradbain]

Family is in real estate— we would never purchase a property in San Francisco this late in the game (and I love that city!). The writing’s on the wall: that same law homeowners voted for to artificially lower their tax burden will also be the law that sends California into a bona fide housing crisis that makes the 2008 subprime mortgage crisis look like peanuts in comparison. It’s artificial, unsustainable, and shows a complete disregard for how markets work.

The current, very real housing shortages and homeless epidemic is just the tip of the iceberg.