Corrections are always possible, and, being a native Californian, I have seen many. With family all over the state, including the Bay Area, we have all been watching this show for years.
As flu said, most of us who purchased property here long ago are OK with whatever fluctuations occur, but I can completely understand how anyone(including young people who haven’t been able to buy homes here–even though they were raised here) would be hoping for one, especially in desirable areas, but I seriously doubt that it will be great enough to turn the tide enough for them to do so.
It’s great to see all of the money being made in the tech industry–especially in the Bay Area.
Several of the kids in our extended family have taken that path–but I always remind them that money can’t buy time–and that life is short–so enjoy.