I oppose the mortgage bill. Bay area houses are still massively overvalued.
Prices have crashed in certain areas of the east bay, central valley obv. But exclusive places around SF and Silcon valley shouldn't see prices drop so much. The farther you drive away from there the more the house prices fall. The bay area is the wealthiest area in the nation and can kind of afford those houses. The LA area had similar house prices with much lower incomes, thus the fall will be harder down here. Also foreign investment helps out a LOT in the bay area and nice areas of LA.
