The Perchak Report
April 2, 2015
The year is moving along rapidly it seems. The rental market remains very strong.
Rents continue to rise throughout the East Bay and inventories of rentals remains
low. This trend has continued for several years now and no end seems in sight.
In regards to the sales market, I am having a deja vu experience back to circa 2007.
The market in the Bay Area is really hot for good properties. Multiple offers, buyers
paying well over asking price. Now, the latest is “stated loans” are reemerging. Does
this sound familiar? I see a serious bubble forming again and I think we are going to
hit the wall again at some point. I don’t know when, but I’m thinking the next twelve
months or so. Stay tuned for the ride, it’s going to get bumpy. Cash will be king once
The stock market in general is holding up but it seems to fluctuate between up and
down each week. There is a lot of uneasiness in the market with oil being down, the
geo-political climate around the world being unsteady and the European economy on
shaky ground, especially the Greek drama with the European Union ie. Germany. As
you know, the stock market does not like uncertainty, thus the up one day down the
next, many times in triple digits, which is not healthy.
In summation, the rest of the year should be interesting. Hold on for the ride. Be kind
to your neighbor, try to do something good each day and help your fellow man.