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Bay area real estate

2,525 494 September 30, 2017 at 12:54 PM
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I'm interested in retiring in the bay area in 25 years. any good places to buy an investment property to eventually live in ? I heard the Caltrain corridor is being extended. how about homes at the proposed future station sites ?

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Joined May 2011
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#2
Depends on multiple factors. There are a lot of good areas in the Bay Area, which also depends how far out you want to consider 'Bay Area'. Technically even places like Dixon is considered bay area, since it's in Solano county, even though a lot of people don't consider places past the carquinez and bencia/martinez bridge the bay. Also the main factor is budget IMO. Are you looking into the sub mil, 1-2 mil or in the 2+ mil category. Huge difference in terms of location/school district/potential tenants/cost-benefit
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#3
you are buying into a bubble house prices have doubled since 2012,
some one i know sold a house for $800,000 around 2012 it was sold a few months ago at 3.5 million,i see a small 2 bedroom apartment that was sold for 150,000 when built just went on the market for 1.3 million in the next crash 2018-2019 houses away from san francisco and san jose will be worthless,i see a lot of 300,000 homes in san francisco with 1.5 million price tags.its a great time to sell but a bad time to buy
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#4
Quite a few Bay Area folks plan to retire elsewhere due to the high cost of living. I know folks with a higher property tax bill than their social security check..
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Joined Jan 2008
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#5
Quote from phillint
:
you are buying into a bubble house prices have doubled since 2012,
some one i know sold a house for $800,000 around 2012 it was sold a few months ago at 3.5 million,i see a small 2 bedroom apartment that was sold for 150,000 when built just went on the market for 1.3 million in the next crash 2018-2019 houses away from san francisco and san jose will be worthless,i see a lot of 300,000 homes in san francisco with 1.5 million price tags.its a great time to sell but a bad time to buy
your run-on sentences are out of this world.
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Joined May 2013
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#6
Quote from phillint
:
you are buying into a bubble house prices have doubled since 2012,
some one i know sold a house for $800,000 around 2012 it was sold a few months ago at 3.5 million,i see a small 2 bedroom apartment that was sold for 150,000 when built just went on the market for 1.3 million in the next crash 2018-2019 houses away from san francisco and san jose will be worthless,i see a lot of 300,000 homes in san francisco with 1.5 million price tags.its a great time to sell but a bad time to buy
Bad advice
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Joined Nov 2008
L6: Expert
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#7
Quote from Robot24
:
Quite a few Bay Area folks plan to retire elsewhere due to the high cost of living. I know folks with a higher property tax bill than their social security check..
Quote from phillint
:
you are buying into a bubble house prices have doubled since 2012,
some one i know sold a house for $800,000 around 2012 it was sold a few months ago at 3.5 million,i see a small 2 bedroom apartment that was sold for 150,000 when built just went on the market for 1.3 million in the next crash 2018-2019 houses away from san francisco and san jose will be worthless,i see a lot of 300,000 homes in san francisco with 1.5 million price tags.its a great time to sell but a bad time to buy
yes, good advice! please continue to rent my home for 8 more years and my 15 year old loan will be paid off! I love the renters mentality!
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