I have been studying the house market for the last few months, trying to see whether it is a good time to buy a house in the San Francisco bay area right now or we should wait for another few months or a year. I like to share few thoughts and resolutions. No body can predict the future obviously. The most honest answer anyone could provide you with when asked is simply to say that they don't know, unless they are biased for some reason. For example, if you ask people who own a house, they would always think the house prices are going to go up. Well, because that is what makes them feel happier. If you ask the real estate agents about their thoughts they would always be like `it is the best time both to buy a house and also the best time to sell a house`. Then you would be like how is it possible to be both. It should be either this or that. Well it is because that is what makes them feel happy. They make money if people sell houses and they make money if people buy houses. ...
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