If it’s worth to you then it’s worth it to you. The Bay area has always had a much stronger income potential, and unlike SD County, that economy wasn’t driven solely by RE.
I liken it to comparing the increases in our ghetto vs. our high end neighborhoods. Yeah, the top end did okay during the runup, but it was the bottom end that more than tripled and it is the bottom end that is now racing in the opposite direction.
The Bay area is connected to the rest of the nation and it is just a matter of time before they also feel the pinch. During our runup the primary “reason” the bulls pointed to for explaining why prices couldn’t fall was “because it hasn’t happened yet.” Just as that line of reasoning proved incorrect in our area, I expect it to play out the same way in most other areas. The Bay area could turn out to be the exception, but I don’t see how unless there’s some big new wave in tech coming online.
