I used to dread stock market crashes because they brought homebuying in the San Francisco Bay Area to a standstill. But now that much of our business is outside of the Bay Area, I can’t wait for the next one… (notwithstanding the damage to my own portfolio 😊) A surprisingly high percentage of our Bay Area buyers have always been heavily invested in the stock market, due to the nature of their jobs and the prevalence of stock options. But buyers outside the Bay Area, especially first-time buyers, are not nearly as invested in the stock market or as reliant on gains. In the olden days (circa 2019), there was only one reason a stock market crash would stimulate homebuying. But today, there are three – and that is what makes this topic so interesting.Read More