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Posted by Blue92 (Member # 8789) on :
 
Quick rant.

Rent and sale prices are fucking stupid right now. I have been looking for either renting or buying for the last few months and this is just ridiculous.

/rant
 
Posted by Infamous5.0 (Member # 1745) on :
 
wrong time!, Save your money and just wait a few years so the housing market can crash.
 
Posted by Blue92 (Member # 8789) on :
 
My current lease is up at the end of the year with no option to renew. Landlord's granddaughter wants the place, so I have to make a decision soon.
 
Posted by losbadgts (Member # 4394) on :
 
I know man thats why i bought a house an hour away from the bay. Its ridiculous what my friends pay for rent in the bay. If trump becomes president for sure the market will crash again so save your money and make sure u work at a supply and demand type if job.
 
Posted by venomous99 (Member # 1917) on :
 
sure does suck if you're looking to rent or buy. sure someone is gonna recommend u buy/rent in the boonies where no one wants to live...
 
Posted by 135.0 (Member # 4992) on :
 
Prices are high but unless rates go up drastically you'll probably end up pricing yourself out of the market if you wait on buying. The market will go up and down but a large bubble that we had back in 05-06 is probably not gonna happen again...

[ 2015-10-23, 12:27 PM: Message edited by: 135.0 ]
 
Posted by SLOWBACK 67 (Member # 6348) on :
 
quote:
Originally posted by 135.0:
Prices are high but unless rates go up drastically you'll probably end up pricing yourself out of the market if you wait on buying. The market will go up and down but a large bubble that we had back in 05-06 is probably not gonna happen again...
Shit I already see people taking a home equity line out on their homes...... Just another group falling into the trap. I doubt home prices will drop as low as they did a few years ago. But I see the housing market having a correction in the next 5 years or so.
 
Posted by 135.0 (Member # 4992) on :
 
People make good money, a lot of people look at a 2500-3000 payment like it ain't shit.
 
Posted by Blue92 (Member # 8789) on :
 
quote:
Originally posted by 135.0:
People make good money, a lot of people look at a 2500-3000 payment like it ain't shit.
Right now it is almost impossible to rent for that here in the South Bay. I will not go to an apartment, I need a yard and garage.
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by 135.0:
People make good money, a lot of people look at a 2500-3000 payment like it ain't shit.
you're right ...
there are a lot of rich folks out there that shiet 2500 a day.
 
Posted by adower (Member # 5955) on :
 
Crazy what the Bay Area housing prices are. My wife's grandma rents her house in Daly City for 4500 a month.
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by adower:
Crazy what the Bay Area housing prices are. My wife's grandma rents her house in Daly City for 4500 a month.
yeah i see it a lot. ppl are renting their 2nd level in DC for 3200-3500 and thats typically a 3/2 about 1300sqft. LOL. lower level inlaw rent for 2k. pretty damn insane.
 
Posted by Infamous5.0 (Member # 1745) on :
 
quote:
Originally posted by 135.0:
People make good money, a lot of people look at a 2500-3000 payment like it ain't shit.
True, so just wait until the economy takes a crap! A lot of home owners that make a lot of money wont be able to afford their mortgage which will then force them to foreclose. No Jobs + bad economy = housing market crash. Get ready to buy a cheap huge home in the bay [burnout]
 
Posted by Robb (Member # 9444) on :
 
A friend of mind just bought a NICE 3 bedroom/2 bath on an acre of land for $130k in Idaho? i think. Cant even get a poverty house in Stockton for that much.
 
Posted by 135.0 (Member # 4992) on :
 
quote:
Originally posted by Robb:
A friend of mind just bought a NICE 3 bedroom/2 bath on an acre of land for $130k in Idaho? i think. Cant even get a poverty house in Stockton for that much.
You can't even smoke weed medicinally in Idaho, you can though ride a motorcycle without a helmet. LOL
 
Posted by CoyoteMike (Member # 13748) on :
 
quote:
Originally posted by Robb:
A friend of mind just bought a NICE 3 bedroom/2 bath on an acre of land for $130k in Idaho? i think. Cant even get a poverty house in Stockton for that much.
To be fair the average pay/income is also significantly lower out there but the overall cost of living is lower too

[ 2015-10-23, 02:27 PM: Message edited by: CoyoteMike ]
 
Posted by adower (Member # 5955) on :
 
quote:
Originally posted by Robb:
A friend of mind just bought a NICE 3 bedroom/2 bath on an acre of land for $130k in Idaho? i think. Cant even get a poverty house in Stockton for that much.
Yeah but it's Idaho. Who would ever want to live there after living in california
 
Posted by hurting your feelings (Member # 13641) on :
 
quote:
Originally posted by Robb:
A friend of mind just bought a NICE 3 bedroom/2 bath on an acre of land for $130k in Idaho? i think. Cant even get a poverty house in Stockton for that much.
Who and the fuck wants to live that waste land of state.
 
Posted by 135.0 (Member # 4992) on :
 
quote:
Originally posted by hurting your feelings:
quote:
Originally posted by Robb:
A friend of mind just bought a NICE 3 bedroom/2 bath on an acre of land for $130k in Idaho? i think. Cant even get a poverty house in Stockton for that much.
Who and the fuck wants to live that waste land of state.
Lots and lots of white people, plus more white people and mormons.
 
Posted by CoyoteMike (Member # 13748) on :
 
quote:
Originally posted by 135.0:
quote:
Originally posted by hurting your feelings:
quote:
Originally posted by Robb:
A friend of mind just bought a NICE 3 bedroom/2 bath on an acre of land for $130k in Idaho? i think. Cant even get a poverty house in Stockton for that much.
Who and the fuck wants to live that waste land of state.
Lots and lots of white people, plus more white people and mormons.
Wonder if thats why the quality of life and living is so much higher and nicer out there.
 
Posted by 135.0 (Member # 4992) on :
 
quote:
Originally posted by CoyoteMike:
quote:
Originally posted by 135.0:
quote:
Originally posted by hurting your feelings:
quote:
Originally posted by Robb:
A friend of mind just bought a NICE 3 bedroom/2 bath on an acre of land for $130k in Idaho? i think. Cant even get a poverty house in Stockton for that much.
Who and the fuck wants to live that waste land of state.
Lots and lots of white people, plus more white people and mormons.
Wonder if thats why the quality of life and living is so much higher and nicer out there.
Its because their god lives on a planet called Kolob...
 
Posted by losbadgts (Member # 4394) on :
 
The only thing i missed about the bay is that everything that u need is near by. But what i dont missed how crowed it is and traffic up the ass most of the day.
 
Posted by hurting your feelings (Member # 13641) on :
 
quote:
Originally posted by 135.0:
quote:
Originally posted by hurting your feelings:
quote:
Originally posted by Robb:
A friend of mind just bought a NICE 3 bedroom/2 bath on an acre of land for $130k in Idaho? i think. Cant even get a poverty house in Stockton for that much.
Who and the fuck wants to live that waste land of state.
Lots and lots of white people, plus more white people and mormons.
Wouldn't that be Utah
 
Posted by mikeP (Member # 4489) on :
 
<-----Been here all my life in Cali. Bouncing out of this pay with your arm and leg economy in about 2-3 years. It's only getting worse especially here in the peninsula. Google, Facebook ect are driving the bay area economy out of this world. Local people who were born and raised in the area are selling their homes and those top payed recruited from abroad engineers making $100-$200 G's a year are buying them out if not the Chinese who are coming over from China over bidding on properties for sale.

[ 2015-10-23, 03:28 PM: Message edited by: mikeP ]
 
Posted by CoyoteMike (Member # 13748) on :
 
quote:
Originally posted by mikeP:
<-----Been here all my life in Cali. Bouncing out of this pay with your arm and leg economy in about 2-3 years. It's only getting worse especially here in the peninsula. Google, Facebook ect are driving the bay area economy out of this world. Local people who were born and raised in the area are selling their homes and those top payed engineers making $100-$200 G's a year are buying them out if not the Chinese who are coming over from China over bidding on properties for sale.
I work in the industry, most people I know are making north of 140k and are still having a hard time buying at these prices. Engineers are starting to be priced out of the market due to overseas investors.

A couple of senior engineers that work for me, make $160k and have to be roommates to live in decent sized place in SF. I think their rent is $5500 a month.

Me personally, I live in Livermore and commute 80 minutes each way to SF just to have A) space and B) at a somewhat reasonable price.

[ 2015-10-23, 03:28 PM: Message edited by: CoyoteMike ]
 
Posted by adower (Member # 5955) on :
 
If you own property in the Bay Area better not let it go! That's a money maker for years to come.
 
Posted by TEXAS (Member # 11875) on :
 
1. 80 minute each way commutes, FTW.
2. Moving way out of the Bay Area because it's not crowded and there is no traffic but you sit in it twice a day to get to and from, FTW.
3. LOL @ 160k dollar a year people paying $5500 a month for rent, I call absolute BS unless there are two salaries making 160k each in that household and even then that's a stretch.
 
Posted by hurting your feelings (Member # 13641) on :
 
quote:
Originally posted by TEXAS:
1. 80 minute each way commutes, FTW.
2. Moving way out of the Bay Area because it's not crowded and there is no traffic but you sit in it twice a day to get to and from, FTW.
3. LOL @ 160k dollar a year people paying $5500 a month for rent, I call absolute BS unless there are two salaries making 160k each in that household and even then that's a stretch.
100 grand plus in student loans will make you broke quick.
 
Posted by CoyoteMike (Member # 13748) on :
 
quote:
Originally posted by TEXAS:
1. 80 minute each way commutes, FTW.
2. Moving way out of the Bay Area because it's not crowded and there is no traffic but you sit in it twice a day to get to and from, FTW.
3. LOL @ 160k dollar a year people paying $5500 a month for rent, I call absolute BS unless there are two salaries making 160k each in that household and even then that's a stretch.
5500 total rent split between two people in North Beach....SF aint cheap...at all ... not to mention the 340 a month for a parking spot. heck average rent is at 3100 right now for 1 bedroom.

[ 2015-10-23, 06:12 PM: Message edited by: CoyoteMike ]
 
Posted by CoyoteMike (Member # 13748) on :
 
But the bonus of my position is I get to work from home regularly 3 days a week. Love me some tech industry.

P.S. Any java/scala devs in need of work and know about network packet processing...hit me up I have a couple of open positions.

[ 2015-10-23, 06:14 PM: Message edited by: CoyoteMike ]
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by adower:
If you own property in the Bay Area better not let it go! That's a money maker for years to come.
on the other hand its very attractive to unload for a profit especialy if u bought a few years ago.
definitely feel sorry for the folks being priced out of this market...there are boonies waiting for you out there.
 
Posted by losbadgts (Member # 4394) on :
 
shit i never though that i would be driving an hour each way but i dont mine since i work apposite hour to the traffic. the fact that my kids are happy and im not stressing trying to pay a home loan and wife can take a few years off to take care of the kids is a dream come through to me. i pay what people pay for a studio here in the bay. i work in hospital and nurses struggle to pay around here even work two jobs at 65 an hour a piece, but what i do notice is people spend more when they make more.
 
Posted by theconductor (Member # 13458) on :
 
quote:
Originally posted by CoyoteMike:
quote:
Originally posted by mikeP:
<-----Been here all my life in Cali. Bouncing out of this pay with your arm and leg economy in about 2-3 years. It's only getting worse especially here in the peninsula. Google, Facebook ect are driving the bay area economy out of this world. Local people who were born and raised in the area are selling their homes and those top payed engineers making $100-$200 G's a year are buying them out if not the Chinese who are coming over from China over bidding on properties for sale.
I work in the industry, most people I know are making north of 140k and are still having a hard time buying at these prices. Engineers are starting to be priced out of the market due to overseas investors.

A couple of senior engineers that work for me, make $160k and have to be roommates to live in decent sized place in SF. I think their rent is $5500 a month.

Me personally, I live in Livermore and commute 80 minutes each way to SF just to have A) space and B) at a somewhat reasonable price.
And C) endless growlers of Altamont Beer Works!
 
Posted by CoyoteMike (Member # 13748) on :
 
quote:
Originally posted by theconductor:
quote:
Originally posted by CoyoteMike:
quote:
Originally posted by mikeP:
<-----Been here all my life in Cali. Bouncing out of this pay with your arm and leg economy in about 2-3 years. It's only getting worse especially here in the peninsula. Google, Facebook ect are driving the bay area economy out of this world. Local people who were born and raised in the area are selling their homes and those top payed engineers making $100-$200 G's a year are buying them out if not the Chinese who are coming over from China over bidding on properties for sale.
I work in the industry, most people I know are making north of 140k and are still having a hard time buying at these prices. Engineers are starting to be priced out of the market due to overseas investors.

A couple of senior engineers that work for me, make $160k and have to be roommates to live in decent sized place in SF. I think their rent is $5500 a month.

Me personally, I live in Livermore and commute 80 minutes each way to SF just to have A) space and B) at a somewhat reasonable price.
And C) endless growlers of Altamont Beer Works!
Drinking that right now! lol
 
Posted by PonyBoy415 (Member # 13662) on :
 
I bought my house in Antioch back in June. My neighborhood is super quiet , three car garage , pool , five bedrooms , three baths 7k sq feet. I commute to the city but its been a small price to pay. Theres a bart station being built down the street from my house .... So grateful I bought when i did. And yes there are some good neighborhoods in Antioch and there are some shit ones also. All i know is my Coyote is warm in the garage and I have room for something else also.
 
Posted by adower (Member # 5955) on :
 
quote:
Originally posted by losbadgts:
shit i never though that i would be driving an hour each way but i dont mine since i work apposite hour to the traffic. the fact that my kids are happy and im not stressing trying to pay a home loan and wife can take a few years off to take care of the kids is a dream come through to me. i pay what people pay for a studio here in the bay. i work in hospital and nurses struggle to pay around here even work two jobs at 65 an hour a piece, but what i do notice is people spend more when they make more.
Yep it's not how much you make. It's about was you can save. Some people have no self control.
 
Posted by adower (Member # 5955) on :
 
quote:
Originally posted by losbadgts:
shit i never though that i would be driving an hour each way but i dont mine since i work apposite hour to the traffic. the fact that my kids are happy and im not stressing trying to pay a home loan and wife can take a few years off to take care of the kids is a dream come through to me. i pay what people pay for a studio here in the bay. i work in hospital and nurses struggle to pay around here even work two jobs at 65 an hour a piece, but what i do notice is people spend more when they make more.
Yep it's not how much you make. It's about was you can save. Some people have no self control.
 
Posted by twisted54 (Member # 1981) on :
 
We just sold a house in Concord that was a rental for a long time...never updated and was in less than decent shape. It was in a good neighborhood and had lots of room (4br / 3ba and two family rooms, one upstairs and one down. 2500sq ft.) it went for 620k and wasn't even on the mls. Someone just asked if we wanted to sell. Definitely some rich people plot there with money to spend. I would never have bought that house for that much.
 
Posted by racsirx (Member # 1710) on :
 
quote:
Originally posted by twisted54:
We just sold a house in Concord that was a rental for a long time...never updated and was in less than decent shape. It was in a good neighborhood and had lots of room (4br / 3ba and two family rooms, one upstairs and one down. 2500sq ft.) it went for 620k and wasn't even on the mls. Someone just asked if we wanted to sell. Definitely some rich people plot there with money to spend. I would never have bought that house for that much.
Tony, there is another house that's close to us that just sold for $620K and its half the size of yours with two bedrooms and one bathroom but it's on an acre
 
Posted by fredfifty (Member # 10320) on :
 
One thing to look into if you qualify (and arent into making money off a house) is a BMR home (below market rate). There are several lotteries out for these all over the bay area. Other than that, it takes a fat down payment fair credit (645 and up) and a six figure income with a low debt to income ratio (which is where someone said, make more money buy more things). Not a whole lot of people have that, especially the down, which is atleast a 100k, layin around. Well, there is a money gift donation from family, but even that is next to nothing.

Save money folks, if possible, but its the bay area so thats definitely hard.
 
Posted by 135.0 (Member # 4992) on :
 
Oakland landlord is getting major heat for raising rent 3X lol
http://blog.oaklandxings.com/2015/06/lakeshore-avenue-landlord-raises-monthly-rent-from-1080-to-3870-to-force-tenants-out/
 
Posted by Robb (Member # 9444) on :
 
quote:
Originally posted by 135.0:
Oakland landlord is getting major heat for raising rent 3X lol
http://blog.oaklandxings.com/2015/06/lakeshore-avenue-landlord-raises-monthly-rent-from-1080-to-3870-to-force-tenants-out/
$4000 a month to live in an apartment in Oakland?

Yeah. Screw that shit. I'll gladly take a mansion in the suburbs for that same price.
 
Posted by phil a (Member # 6951) on :
 
One of the reasons why we plan on moving back to Sacramento in a few years - you're close enough to Tahoe, Napa, the Bay for day trips, but pay half to a third for the housing and living costs.

There's always the option to live and work in an area that's more affordable, but it comes at another price - location. We're in SE Michigan and I commute to Toledo for work for the next three years, but the cost of living for what we have out here would be probably double, or close to it, if working/living in the Bay. And the kicker is that the salaries aren't that much different. Shit, one of the guys I'm working with is almost finished with the program, just interviewed for a job in SE Ohio, rural as hell, but that's the point - they offered him $450k/yr at 14 days/month - cause nobody wants to live or work there...
 
Posted by sic70stang (Member # 4347) on :
 
Currently live in the Bay Area but commute to Lathrop for work. The 72 mile commute is not that bad tho said nobody ever.
 
Posted by theconductor (Member # 13458) on :
 
quote:
Originally posted by CoyoteMike:
quote:
Originally posted by theconductor:
quote:
Originally posted by CoyoteMike:
quote:
Originally posted by mikeP:
<-----Been here all my life in Cali. Bouncing out of this pay with your arm and leg economy in about 2-3 years. It's only getting worse especially here in the peninsula. Google, Facebook ect are driving the bay area economy out of this world. Local people who were born and raised in the area are selling their homes and those top payed engineers making $100-$200 G's a year are buying them out if not the Chinese who are coming over from China over bidding on properties for sale.
I work in the industry, most people I know are making north of 140k and are still having a hard time buying at these prices. Engineers are starting to be priced out of the market due to overseas investors.

A couple of senior engineers that work for me, make $160k and have to be roommates to live in decent sized place in SF. I think their rent is $5500 a month.

Me personally, I live in Livermore and commute 80 minutes each way to SF just to have A) space and B) at a somewhat reasonable price.
And C) endless growlers of Altamont Beer Works!
Drinking that right now! lol
Jelly!
 
Posted by 1SLOWLX (Member # 558) on :
 
This market isn't crashing any time soon. People are buying these homes with real money this time. Not like last time it crashed where anyone could acquire a loan. I got my condo in 2010 in San Bruno at the bottom. Good luck to all searching my condo is about 2.5 times higher than the purchase price now [Big Grin]
 
Posted by 75 chevy (Member # 6717) on :
 
IMO...
the housing market is like cafords. Someone buys a black on black fox body. For $750...resells it to his buddy for $1500. That guy puts a B.S. motor in it. Or not and posts it for $2800. The next guy says wow "I got a fox body". Its worth hella money. I am going to put a 347 in it...and blah,blah,blah... Now its worth 6-9k.

That's my comparison to the housing market. Realtors like Alan Pinel. Never went broke during the bust...They bought the distressed properties. And are reselling. Business as usual.
 
Posted by 75 chevy (Member # 6717) on :
 
I was looking at properties last year on zillow or whatever it was. Price range of 250k...the same properties are going for 350k this year. So, what does that tell you? Economy has little to no growth- wages are not changing. The government knows this...they are not raising interest rates. But the greed is still there.
 
Posted by Eddie510- (Member # 2354) on :
 
Good Post !
 
Posted by twisted54 (Member # 1981) on :
 
quote:
Originally posted by racsirx:
quote:
Originally posted by twisted54:
We just sold a house in Concord that was a rental for a long time...never updated and was in less than decent shape. It was in a good neighborhood and had lots of room (4br / 3ba and two family rooms, one upstairs and one down. 2500sq ft.) it went for 620k and wasn't even on the mls. Someone just asked if we wanted to sell. Definitely some rich people plot there with money to spend. I would never have bought that house for that much.
Tony, there is another house that's close to us that just sold for $620K and its half the size of yours with two bedrooms and one bathroom but it's on an acre
I would love to be on a full acre. But those are hard to come by in Concord.
 
Posted by racsirx (Member # 1710) on :
 
quote:
Originally posted by twisted54:
quote:
Originally posted by racsirx:
quote:
Originally posted by twisted54:
We just sold a house in Concord that was a rental for a long time...never updated and was in less than decent shape. It was in a good neighborhood and had lots of room (4br / 3ba and two family rooms, one upstairs and one down. 2500sq ft.) it went for 620k and wasn't even on the mls. Someone just asked if we wanted to sell. Definitely some rich people plot there with money to spend. I would never have bought that house for that much.
Tony, there is another house that's close to us that just sold for $620K and its half the size of yours with two bedrooms and one bathroom but it's on an acre
I would love to be on a full acre. But those are hard to come by in Concord.
There are few homes by my house that have a full acre
 
Posted by racsirx (Member # 1710) on :
 
quote:
Originally posted by 75 chevy:
I was looking at properties last year on zillow or whatever it was. Price range of 250k...the same properties are going for 350k this year. So, what does that tell you? Economy has little to no growth- wages are not changing. The government knows this...they are not raising interest rates. But the greed is still there.
I would love to find my same house size and property in my neighborhood for $250K-$350K
 
Posted by 75 chevy (Member # 6717) on :
 
quote:
Originally posted by racsirx:
quote:
Originally posted by 75 chevy:
I was looking at properties last year on zillow or whatever it was. Price range of 250k...the same properties are going for 350k this year. So, what does that tell you? Economy has little to no growth- wages are not changing. The government knows this...they are not raising interest rates. But the greed is still there.
I would love to find my same house size and property in my neighborhood for $250K-$350K
I can't afford 620k... I went on zillow and started my search at 250k... I guess zillow turned out to be a B.S. site. It was on the news a while back.
 
Posted by 75 chevy (Member # 6717) on :
 
Maybe, I should start restoring fox bodies and painting them all black. With black interiors. Maybe then- I can afford a decent house.
 
Posted by racsirx (Member # 1710) on :
 
quote:
Originally posted by 75 chevy:
Maybe, I should start restoring fox bodies and painting them all black. With black interiors. Maybe then- I can afford a decent house.
Lol, they have to come from the factory that way
 
Posted by 86- 50 (Member # 4723) on :
 
quote:
Originally posted by racsirx:
quote:
Originally posted by 75 chevy:
Maybe, I should start restoring fox bodies and painting them all black. With black interiors. Maybe then- I can afford a decent house.
Lol, they have to come from the factory that way
Lee, finally someone realized your secret to being able to live in concord, no wonder i seen all those black spray cans and black interior dye kits at your house the last time i was there. But back on topic, for the people waiting for the market to crash like last time is crazy, there will be a market correction like history shows us, but the same people that are waiting will probably be the same people that cant afford to get in, and still are complaining about it because the prices are still going to be the same or higher than they are today when that happens. My advice is to get in to something that you can AFFORD even if it means lowering you standards so you can start building equity and then upgrade in the future.
 
Posted by hidnn0s (Member # 13845) on :
 
quote:
Originally posted by 86- 50:
quote:
Originally posted by racsirx:
quote:
Originally posted by 75 chevy:
Maybe, I should start restoring fox bodies and painting them all black. With black interiors. Maybe then- I can afford a decent house.
Lol, they have to come from the factory that way
My advice is to get in to something that you can AFFORD even if it means lowering you standards so you can start building equity and then upgrade in the future.
BINGO
 
Posted by AL STOCK (Member # 1852) on :
 
quote:
Originally posted by 86- 50:
quote:
Originally posted by racsirx:
quote:
Originally posted by 75 chevy:
Maybe, I should start restoring fox bodies and painting them all black. With black interiors. Maybe then- I can afford a decent house.
Lol, they have to come from the factory that way
Lee, finally someone realized your secret to being able to live in concord, no wonder i seen all those black spray cans and black interior dye kits at your house the last time i was there. But back on topic, for the people waiting for the market to crash like last time is crazy, there will be a market correction like history shows us, but the same people that are waiting will probably be the same people that cant afford to get in, and still are complaining about it because the prices are still going to be the same or higher than they are today when that happens. My advice is to get in to something that you can AFFORD even if it means lowering you standards so you can start building equity and then upgrade in the future.
It's Obama's fault, he caused the housing market to climb again
[Mad]
 
Posted by Blue92 (Member # 8789) on :
 
The search continues...
 
Posted by stanger00 (Member # 13818) on :
 
Its pretty bad. my (old) neighbor bought their home in 2011 for 240k and sold it last month for 465k! I live in Holbrook Heights area for reference not even in the expensive part of Concord. It was a 3/2 ~1300sqft with minor facelift in kitchen, bathrooms and garage. New HVAC, house rewired and 200amp panel.
 
Posted by 68dustin (Member # 5388) on :
 
I bought my house for 160.. just refinanced it and it appraised for 270.. crazy..100k in 3yrs. I'm just gonna keep saving until it falls apart again and buy another..

[ 2015-10-26, 02:23 PM: Message edited by: 68dustin ]
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by 68dustin:
I bought my house for 160.. just refinanced it and it appraised for 270.. crazy..100k in 3yrs. I'm just gonna keep saving until it falls apart again and buy another..
if you bought within the past 2-4 years you're sitting on some good ass gains.
 
Posted by 68dustin (Member # 5388) on :
 
quote:
Originally posted by venomous99:
quote:
Originally posted by 68dustin:
I bought my house for 160.. just refinanced it and it appraised for 270.. crazy..100k in 3yrs. I'm just gonna keep saving until it falls apart again and buy another..
if you bought within the past 2-4 years you're sitting on some good ass gains.
I bought when the market was totally shit..... so actually It might have been about 4 years.. man time goes by fast..
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by 68dustin:
quote:
Originally posted by venomous99:
quote:
Originally posted by 68dustin:
I bought my house for 160.. just refinanced it and it appraised for 270.. crazy..100k in 3yrs. I'm just gonna keep saving until it falls apart again and buy another..
if you bought within the past 2-4 years you're sitting on some good ass gains.
I bought when the market was totally shit..... so actually It might have been about 4 years.. man time goes by fast..
yah back then, there were mostly foreclosures and shortsales w/ majority of the properties just sitting around cuz ppl were overly cautious on buying. today, the tables are turned....sellers are making a huge profit w/ a lot of leverage since the buying pool is far greater than what is available in the market.

in my hood, there are 62 single family home listings with 41 of them already locked up...thats one fucked market if you're looking to compete w/ the chinese that are throwing down some major dough if not 100%.

enjoy this video: https://www.youtube.com/watch?v=SBjXUBMkkE8

[ 2015-10-26, 03:09 PM: Message edited by: venomous99 ]
 
Posted by Blue92 (Member # 8789) on :
 
quote:
Originally posted by venomous99:
enjoy this video: https://www.youtube.com/watch?v=SBjXUBMkkE8 [/QB]
Saw this the other day. Terrible.
 
Posted by sic70stang (Member # 4347) on :
 
i look forward to selling my house to the Chinese after retirement and taking this california pension to where i can peacefully live in freedom.
 
Posted by 75 chevy (Member # 6717) on :
 
quote:
Originally posted by Blue92:
quote:
Originally posted by venomous99:
enjoy this video: https://www.youtube.com/watch?v=SBjXUBMkkE8
Saw this the other day. Terrible. [/QB]
nice video
 
Posted by SVTGhoust (Member # 20) on :
 
I will be raising the rent for my property in Hayward when the least expires by $500 per month...I can't wait! [Cool]
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by SVTGhoust:
I will be raising the rent for my property in Hayward when the least expires by $500 per month...I can't wait! [Cool]
im sorta in the same boat w/ my tenant...might want to read about proper procedures on notifying them of a rent increase depending on the lease term.

http://www.dca.ca.gov/publications/legal_guides/lt-2.shtml

[ 2015-10-29, 08:11 AM: Message edited by: venomous99 ]
 
Posted by swedensky (Member # 12185) on :
 
Damn, when I start to hate living in the Sacramento area, threads like his remind me why I am happy to. I pay $2500 in rent for a 3900 sq ft house on almost an acre in Roseville....and same house plan sold in the low 500s last month. I plan on buying this one next year for less than that if all works out, so I hope the market rises so I can make some equity back quick!
 
Posted by 135.0 (Member # 4992) on :
 
quote:
Originally posted by swedensky:
Damn, when I start to hate living in the Sacramento area, threads like his remind me why I am happy to. I pay $2500 in rent for a 3900 sq ft house on almost an acre in Roseville....and same house plan sold in the low 500s last month. I plan on buying this one next year for less than that if all works out, so I hope the market rises so I can make some equity back quick!
Sounds like that house would be cheaper to own than rent.
 
Posted by Blue92 (Member # 8789) on :
 
Question to those in Sacramento...

How is 99 in the morning commute and evening? Let's say from Elk Grove to West Sac.

Just getting ideas.
 
Posted by adower (Member # 5955) on :
 
quote:
Originally posted by Blue92:
Question to those in Sacramento...

How is 99 in the morning commute and evening? Let's say from Elk Grove to West Sac.

Just getting ideas.
Depends on what hours. I have co workers that come from Elk Grove to downtown for the 730am shift and the commute is 20 or so min I believe.

[ 2015-10-29, 12:07 PM: Message edited by: adower ]
 
Posted by AL STOCK (Member # 1852) on :
 
quote:
Originally posted by 135.0:
quote:
Originally posted by swedensky:
Damn, when I start to hate living in the Sacramento area, threads like his remind me why I am happy to. I pay $2500 in rent for a 3900 sq ft house on almost an acre in Roseville....and same house plan sold in the low 500s last month. I plan on buying this one next year for less than that if all works out, so I hope the market rises so I can make some equity back quick!
Sounds like that house would be cheaper to own than rent.
Wise words.

I would seriously look into purchasing in Sacramento area if you are already paying $2,500 for rent there.
 
Posted by Blue92 (Member # 8789) on :
 
quote:
Originally posted by adower:
quote:
Originally posted by Blue92:
Question to those in Sacramento...

How is 99 in the morning commute and evening? Let's say from Elk Grove to West Sac.

Just getting ideas.
Depends on what hours. I have co workers that come from Elk Grove to downtown for the 730am shift and the commute is 20 or so min I believe.
It would be somewhere around the 8-5. That doesn't seem bad at all. I heard 99 was terrible. Hmmm
 
Posted by hurting your feelings (Member # 13641) on :
 
quote:
Originally posted by swedensky:
Damn, when I start to hate living in the Sacramento area, threads like his remind me why I am happy to. I pay $2500 in rent for a 3900 sq ft house on almost an acre in Roseville....and same house plan sold in the low 500s last month. I plan on buying this one next year for less than that if all works out, so I hope the market rises so I can make some equity back quick!
Let me guess you have a lease with optionto buy.
 
Posted by sic70stang (Member # 4347) on :
 
Im just over here waiting for El Niño to flood Sacramento.
 
Posted by 135.0 (Member # 4992) on :
 
quote:
Originally posted by sic70stang:
Im just over here waiting for El Niño to flood Sacramento.
It'll have to rain non stop for months to replenish folsom dam first, all the lawns are brown except for the rich people.
 
Posted by 135.0 (Member # 4992) on :
 
quote:
Originally posted by adower:
quote:
Originally posted by Blue92:
Question to those in Sacramento...

How is 99 in the morning commute and evening? Let's say from Elk Grove to West Sac.

Just getting ideas.
Depends on what hours. I have co workers that come from Elk Grove to downtown for the 730am shift and the commute is 20 or so min I believe.
If you can avoid all the disgusting state workers, its not bad. They usually get to work around 8AM to 9AM, so if you can beat them you're gravy.
 
Posted by adower (Member # 5955) on :
 
quote:
Originally posted by Blue92:
quote:
Originally posted by adower:
quote:
Originally posted by Blue92:
Question to those in Sacramento...

How is 99 in the morning commute and evening? Let's say from Elk Grove to West Sac.

Just getting ideas.
Depends on what hours. I have co workers that come from Elk Grove to downtown for the 730am shift and the commute is 20 or so min I believe.
It would be somewhere around the 8-5. That doesn't seem bad at all. I heard 99 was terrible. Hmmm
Take light rail
 
Posted by swedensky (Member # 12185) on :
 
quote:
Originally posted by 135.0:
quote:
Originally posted by swedensky:
Damn, when I start to hate living in the Sacramento area, threads like his remind me why I am happy to. I pay $2500 in rent for a 3900 sq ft house on almost an acre in Roseville....and same house plan sold in the low 500s last month. I plan on buying this one next year for less than that if all works out, so I hope the market rises so I can make some equity back quick!
Sounds like that house would be cheaper to own than rent.
It would be pretty close I think, but didn't have the option to buy it right now.

quote:
Originally posted by Blue92:
Question to those in Sacramento...

How is 99 in the morning commute and evening? Let's say from Elk Grove to West Sac.

Just getting ideas.
I hate 99, I must always be on the wrong timing because I don't think I've ever gotten from sac to Elk Grove in less than 30 minutes [Mad]


quote:
Originally posted by AL STOCK:
[QUOTE]Wise words.

I would seriously look into purchasing in Sacramento area if you are already paying $2,500 for rent there.
Well placer county is a lot more expensive than Sacramento county, and keep in mind this house is huge. Three masters, two Junior masters, 4.5 bath, 3 car garage etc. way more house than I need but I only want to buy this one if I can steal it.

quote:
Originally posted by hurting your feelings:
[QUOTE]Let me guess you have a lease with optionto buy.
Not on paper, but I know my landlord and She knows my intention to buy, and I plan on using that when time for purchase.

[ 2015-10-29, 03:00 PM: Message edited by: swedensky ]
 
Posted by adower (Member # 5955) on :
 
quote:
Originally posted by swedensky:
quote:
Originally posted by 135.0:
[QUOTE]Originally posted by swedensky:
Damn, when I start to hate living in the Sacramento area, threads like his remind me why I am happy to. I pay $2500 in rent for a 3900 sq ft house on almost an acre in Roseville....and same house plan sold in the low 500s last month. I plan on buying this one next year for less than that if all works out, so I hope the market rises so I can make some equity back quick!
Sounds like that house would be cheaper to own than rent.
It would be pretty close I think, but didn't have the option to buy it right now.

quote:
Originally posted by Blue92:
Question to those in Sacramento...

How is 99 in the morning commute and evening? Let's say from Elk Grove to West Sac.

Just getting ideas.
I hate 99, I must always be on the wrong timing because I don't think I've ever gotten from sac to Elk Grove in less than 30 minutes [Mad]


quote:
Originally posted by AL STOCK:
quote:
Wise words.

I would seriously look into purchasing in Sacramento area if you are already paying $2,500 for rent there.
Well placer county is a lot more expensive than Sacramento county, and keep in mind this house is huge. Three masters, two Junior masters, 4.5 bath, 3 car garage etc. way more house than I need but I only want to buy this one if I can steal it.

quote:
Originally posted by hurting your feelings:
[QUOTE]Let me guess you have a lease with optionto buy.
Not on paper, but I know my landlord and She knows my intention to buy, and I plan on using that when time for purchase.
Depends on what part of sac county. There are some 2-4 million dollar homes in the Arden area.
 
Posted by swedensky (Member # 12185) on :
 
quote:
Originally posted by adower:
[QUOTE]Depends on what part of sac county. There are some 2-4 million dollar homes in the Arden area.
Well yeah of course, I mean in general. when you consider places like Granite Bay and neighborhoods like Morgan Creek, Los Lagos etc, the Arden area homes don't hold a candle in my opinion. Just mean apples to apples houses go for more in placer county (most areas) than they do in sac.
 
Posted by 135.0 (Member # 4992) on :
 
Roseville is gang territory lol. Jk
 
Posted by adower (Member # 5955) on :
 
quote:
Originally posted by swedensky:
quote:
Originally posted by adower:
[QUOTE]Depends on what part of sac county. There are some 2-4 million dollar homes in the Arden area.
Well yeah of course, I mean in general. when you consider places like Granite Bay and neighborhoods like Morgan Creek, Los Lagos etc, the Arden area homes don't hold a candle in my opinion. Just mean apples to apples houses go for more in placer county (most areas) than they do in sac.
I'd rather live in the Arden area. I like being closer to downtown. I agree that overall those areas are nicer than the Arden area as a whole.
 
Posted by 66_5.0 (Member # 9974) on :
 
quote:
Originally posted by 135.0:
quote:
Originally posted by adower:
quote:
Originally posted by Blue92:
Question to those in Sacramento...

How is 99 in the morning commute and evening? Let's say from Elk Grove to West Sac.

Just getting ideas.
Depends on what hours. I have co workers that come from Elk Grove to downtown for the 730am shift and the commute is 20 or so min I believe.
If you can avoid all the disgusting state workers, its not bad. They usually get to work around 8AM to 9AM, so if you can beat them you're gravy.
I commute from the end of Elk Grove to downtown Sacramento. I get there in under 20 mins, but it's also at about 5:15am when I leave my house.

It does get ugly around 7.
 
Posted by 135.0 (Member # 4992) on :
 
Pretty much all of South Sacramento between Elk Grove and Land Park/Curtis Park should be avoided, with the exception of Greenhaven, South Land Park, and Pocket (nice neighborhoods). Tahoe Park and Elmhurst are good, Oak Park and everything south is bad.

Generally avoid anything North of the American River, and West of Business 80. That includes South Natomas, North Sacramento, Del Paso Heights and everything in-between. North Natomas is generally nice though (North of I-80).

North Highlands and most of Foothill Farms should be avoided. Especially North Highlands. The closer to McClellan Air Force Base the worse it gets.

Some parts of Arden-Arcade should also be avoided. Particularly the Northern part. Areas like Howe Park, Wyda way, Cottage way, Marconi Ave etc can be dangerous. Basically any place that has a collection of low-income rentals.

Parts of Citrus Heights, Carmichael, and Fair Oaks can be sketchy, but for the most part those are pretty nice areas.

The most popular neighborhoods in the city are Midtown, Downtown, East Sac, Land Park, and Curtis Park. Tahoe Park, Elmhurst, and Med Center (North Oak Park) are also popular. West Sacramento also has some great things going on on the other side of the river. Greenhaven, South Land Park, and Pocket are the more suburban nice parts of the city, located further south.

If you don't want to be in the central city, generally the further out you go the better. Folsom, El Dorado Hills, and pretty much all of South Placer County (Rocklin, Roseville, Lincoln, Granite Bay) are all idyllic suburban paradise's.

Further in than that you have nice suburban areas in Arden (some of the richest neighborhoods in Sac are in Arden near the river), the areas around Sac State, Fair Oaks, Carmichael, Orangevale, La Riviera (except for a couple of areas around Folsom Blvd and Watt Ave), most of Citrus Heights are all nice.

Elk Grove is a big middle-class suburb. Generally a pretty nice, safe place. There aren't any ghettos in Elk Grove, but it is very close to South Sacramento, especially in the northern part of the city, so there is some spillover in crime. Most of Elk Grove is very nice and there are plenty of upscale suburban areas. Generally anything south of Calvine Rd is fine.

Rancho Cordova is a pretty diverse middle-class suburb. There are some shitty, dangerous neighborhoods, and some brand-new nice neighborhoods, and everything in between.

Just don't buy or sign a lease without checking out the neighborhood and doing research. Sacramento is weird in that we have some really dangerous neighborhoods that are right next to some really nice neighborhoods. Often only separated by a freeway, railroad tracks, or major road. For example Meadowview is a very dangerous neighborhood separated only by an overpass from Pocket, a relatively wealthy neighborhood.

Also, depending on where you're from, a lot of our "ghettos" don't look like ghettos. They look like typical suburban neighborhoods with single-story homes and relatively decent looking apartment buildings. Looks can be deceiving.

Do some research, drive the neighborhood at night as well as during the day. Ask questions. Check police records. Don't be silly.

Edit: Looking back on this, I forgot to add Hollywood Park into the nicer neighborhoods of the city. The area around Fruitridge and Freeport is a nice, quiet middle-class neighborhood that doesn't get enough love
 
Posted by Blue92 (Member # 8789) on :
 
Awesome write up. Thanks, man. Yeah I have tons of homework to do. Looks like we are favoring to leave this over priced valley to head north. I have until the end of the year to lock something in. We plan to rent first to determine where we would actually want to buy.
 
Posted by i (Member # 12534) on :
 
El dorado hills or go home!
 
Posted by Built4Speed (Member # 13873) on :
 
What do you fellow Sac guys do about the rolled curb driveways? Really hard on my car's suspension going up and down them.
 
Posted by 135.0 (Member # 4992) on :
 
quote:
Originally posted by Built4Speed:
What do you fellow Sac guys do about the rolled curb driveways? Really hard on my car's suspension going up and down them.
Get airbags bruh.
 
Posted by SLOWBACK 67 (Member # 6348) on :
 
quote:
Originally posted by Built4Speed:
What do you fellow Sac guys do about the rolled curb driveways? Really hard on my car's suspension going up and down them.
If you wanted to you could just build some blocks or buy some blacktop material if it's that bad.
 
Posted by venomous99 (Member # 1917) on :
 
so who's moving to sac?
el dorado hills, rocklin and folsom look to be nice places to live.
 
Posted by Built4Speed (Member # 13873) on :
 
quote:
Originally posted by SLOWBACK 67:
quote:
Originally posted by Built4Speed:
What do you fellow Sac guys do about the rolled curb driveways? Really hard on my car's suspension going up and down them.
If you wanted to you could just build some blocks or buy some blacktop material if it's that bad.
The driveway curbs out here in Roseville are like running over a speed bump. City says they don't allow modifications to the driveways. Air ride suspension cost more than my car's worth. Going back to stock springs.
 
Posted by Blue92 (Member # 8789) on :
 
quote:
Originally posted by venomous99:
so who's moving to sac?
el dorado hills, rocklin and folsom look to be nice places to live.
I never did it. Stayed in San Jose paying the insane.
 
Posted by NorCalRydaz (Member # 3233) on :
 
quote:
Originally posted by Blue92:
quote:
Originally posted by venomous99:
so who's moving to sac?
el dorado hills, rocklin and folsom look to be nice places to live.
I never did it. Stayed in San Jose paying the insane.
Bought in SJ?
 
Posted by Autumnstang97 (Member # 6111) on :
 
This is not the market to buy right now, obviously. Renting is not even an option either in certain areas. My wife and I had to renew our rental lease for another year, at a price we don't like, but it's what we have to pay, to stay in the local bay area. I grew up here. My family is here. But we can't move across the bay even though our rent is higher than most mortgage out there. Sucks.

Sorry, that's my rant.
 
Posted by Blue92 (Member # 8789) on :
 
quote:
Originally posted by NorCalRydaz:
quote:
Originally posted by Blue92:
quote:
Originally posted by venomous99:
so who's moving to sac?
el dorado hills, rocklin and folsom look to be nice places to live.
I never did it. Stayed in San Jose paying the insane.
Bought in SJ?
No, renting near Santana Row. See how the market is in another year or so.

[ 2016-03-23, 08:20 AM: Message edited by: Blue92 ]
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by Autumnstang97:
This is not the market to buy right now, obviously. Renting is not even an option either in certain areas. My wife and I had to renew our rental lease for another year, at a price we don't like, but it's what we have to pay, to stay in the local bay area. I grew up here. My family is here. But we can't move across the bay even though our rent is higher than most mortgage out there. Sucks.

Sorry, that's my rant.
so true....rental market sucks but id rather be stuck in that short term than to feel pressured to buy now just cuz that seems like the thing to do right now w/ all the deep pocket investors coming in.
buddy of mine at work lease is due to expire any day now in santa clara and is looking at a 3.5k rent for a small 3/2 in a good school district..hes now looking to buy in livermore where home pricing is reasonable relative to how good the school district is. priced at $700-800k for a 1300-1800sqft home ...insane. i dont blame ppl who are starting out for moving out of the area cuz cost of living here just simply sucks.
 
Posted by Blue92 (Member # 8789) on :
 
quote:
Originally posted by venomous99:
quote:
Originally posted by Autumnstang97:
This is not the market to buy right now, obviously. Renting is not even an option either in certain areas. My wife and I had to renew our rental lease for another year, at a price we don't like, but it's what we have to pay, to stay in the local bay area. I grew up here. My family is here. But we can't move across the bay even though our rent is higher than most mortgage out there. Sucks.

Sorry, that's my rant.
so true....rental market sucks but id rather be stuck in that short term than to feel pressured to buy now just cuz that seems like the thing to do right now w/ all the deep pocket investors coming in.
buddy of mine at work lease is due to expire any day now in santa clara and is looking at a 3.5k rent for a small 3/2 in a good school district..hes now looking to buy in livermore where home pricing is reasonable relative to how good the school district is. priced at $700-800k for a 1300-1800sqft home ...insane. i dont blame ppl who are starting out for moving out of the area cuz cost of living here just simply sucks.
Yeah I am border San Jose/Santa Clara and that's what it is here. I lived in Livermore for over a year and commuted to SJ everyday. I refuse to ever do that again. Was gone from 6-6 everyday if I was lucky.
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by Blue92:
quote:
Originally posted by venomous99:
quote:
Originally posted by Autumnstang97:
This is not the market to buy right now, obviously. Renting is not even an option either in certain areas. My wife and I had to renew our rental lease for another year, at a price we don't like, but it's what we have to pay, to stay in the local bay area. I grew up here. My family is here. But we can't move across the bay even though our rent is higher than most mortgage out there. Sucks.

Sorry, that's my rant.
so true....rental market sucks but id rather be stuck in that short term than to feel pressured to buy now just cuz that seems like the thing to do right now w/ all the deep pocket investors coming in.
buddy of mine at work lease is due to expire any day now in santa clara and is looking at a 3.5k rent for a small 3/2 in a good school district..hes now looking to buy in livermore where home pricing is reasonable relative to how good the school district is. priced at $700-800k for a 1300-1800sqft home ...insane. i dont blame ppl who are starting out for moving out of the area cuz cost of living here just simply sucks.
Yeah I am border San Jose/Santa Clara and that's what it is here. I lived in Livermore for over a year and commuted to SJ everyday. I refuse to ever do that again. Was gone from 6-6 everyday if I was lucky.
my buddy is prepared to do that lol. gonna be taking ace train to great america parkway and then shuttle it. no matter how u do it on that commute, you'll be sitting for at least an hr each way. theyre ramping up a lot of condo development right in santa clara/sunnyvale to help accomodate those that are priced out of a house but shiet...you're still spending 700k on up for a condo.
 
Posted by Blue92 (Member # 8789) on :
 
I thought I was prepared for it too and was. But after about a year, it started to really affect me. Ended up moving back after about a year and a half. I think the rent prices in the South Bay are absolutely ridiculous but I am willing to pay it for a short period.
 
Posted by adower (Member # 5955) on :
 
A lot of People who are in the Bay Area are house poor. I couldn't imagine a 600-800k+ Loan that you only can make minimum payments on over 30 years. You're really paying like 1.5mill I believe.

[ 2016-03-23, 12:00 PM: Message edited by: adower ]
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by adower:
A lot of People who are in the Bay Area are house poor. I couldn't imagine a 600-800k+ Loan that you only can make minimum payments on over 30 years. You're really paying like 1.5mill I believe.
that right there is for dumb folks that want to make it appear theyre balling. you gotta figure to be able to qualify for that amount youd have to be making a decent salary in the 200-300k range(rough estimate). sadly, making a decent salary doesnt automatically exclude you from the dumb list.
 
Posted by Robb (Member # 9444) on :
 
quote:
Originally posted by adower:
A lot of People who are in the Bay Area are house poor. I couldn't imagine a 600-800k+ Loan that you only can make minimum payments on over 30 years. You're really paying like 1.5mill I believe.
Seriously. A relative who lives in San Fransisco recently lost her apartment due to a huge rent increase that simply made it impossible for her to pay. She was already living paycheck to paycheck and barely able to get by. They wanted $3200 a month and she literally lived across the street from the projects and had bums sleeping on her porch every other night.

Here is what an $800k house looks like in Granite Bay, Arguably the nicest area around here, http://www.realtor.com/realestateandhomes-detail/5195-Parkford-Cir_Granite-Bay_CA_95746_M13343-93911.


Compared to this 100 year old hole in the wall 2 br/1 bath in San Fransisco for the same price:

http://www.realtor.com/realestateandhomes-detail/347A-Corbett-Ave_San-Francisco_CA_94114_M20977-05057


Just crazy what people are willing to fork out to live in the Bay Area. Only way to comfortably live in the Bay Area is if youre making atleast $150k a year.

[ 2016-03-23, 01:57 PM: Message edited by: Robb ]
 
Posted by sofresh (Member # 12393) on :
 
Get some much house and property when living far out. My grandfather owns a house in North Oakland right next to Brekeley, 2 bed 2 bath no garage street parking and he's starting off with $ 700k.
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by sofresh:
Get some much house and property when living far out. My grandfather owns a house in North Oakland right next to Brekeley, 2 bed 2 bath no garage street parking and he's starting off with $ 700k.
as the saying goes...location location location.
 
Posted by diablounicorn (Member # 13033) on :
 
I hate that my family lost my grandparents house in oakland hills a few years back it would've been paid off 3 years ago. when my grandma had it up for sale it was going for damn near 600k back in 2007.

on the other hand my great grandma house which was next door, sold for that much during that time, they cut to Alabama brought 3 big ass houses compared to that one in the hills.
 
Posted by SydeWaySix (Member # 3596) on :
 
Prices are definitely on the rise right now. I've been considering selling and upgrading but if you sell high, you have to expect to buy high as well. Not really a good time to buy as its a seller's market.

If you do decide to buy, specifically in the immediate bay area, be prepared to bid over asking AND show that you have a lot of cash in the bank that you're willing to hand over in the event that the house you want doesn't appraise for the price you offered.
 
Posted by v-town coupe (Member # 2771) on :
 
quote:
Originally posted by mikeP:
<-----Been here all my life in Cali. Bouncing out of this pay with your arm and leg economy in about 2-3 years. It's only getting worse especially here in the peninsula. Google, Facebook ect are driving the bay area economy out of this world. Local people who were born and raised in the area are selling their homes and those top payed recruited from abroad engineers making $100-$200 G's a year are buying them out if not the Chinese who are coming over from China over bidding on properties for sale.
Man you're not kidding, my mother in law lives in San carlos and has since the early 70's. homes in her neighborhood are being bought for well over $1,000,000 in some cases neighboring house for atleast a mil each then they're all getting demo'd and having these huge homes being built. the whole town has gone through a transformation now catering to the rich.

I look at her basic house now valued at 1.2 million and think who in the fuck would pay that?

I guess i shouldn't be surprised, even my modest home in an OK neighbor hood of vallejo has now more then doubled what I paid in 2009
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by v-town coupe:
quote:
Originally posted by mikeP:
<-----Been here all my life in Cali. Bouncing out of this pay with your arm and leg economy in about 2-3 years. It's only getting worse especially here in the peninsula. Google, Facebook ect are driving the bay area economy out of this world. Local people who were born and raised in the area are selling their homes and those top payed recruited from abroad engineers making $100-$200 G's a year are buying them out if not the Chinese who are coming over from China over bidding on properties for sale.
Man you're not kidding, my mother in law lives in San carlos and has since the early 70's. homes in her neighborhood are being bought for well over $1,000,000 in some cases neighboring house for atleast a mil each then they're all getting demo'd and having these huge homes being built. the whole town has gone through a transformation now catering to the rich.

I look at her basic house now valued at 1.2 million and think who in the fuck would pay that?

I guess i shouldn't be surprised, even my modest home in an OK neighbor hood of vallejo has now more then doubled what I paid in 2009
thats all over the peninsula bro...the rich folks are taking over and pushing the ghetto further inland. LOL
i was driving through cupertino earlier this week after lunch through a hood that appeared to be pretty basic full of your typical rancher 1500sqft-2k sqft style home. typical value was in the 2.1-2.5M range. insane
 
Posted by sic70stang (Member # 4347) on :
 
lets be honest, im down with pushing the ghetto inland. kinda glad they are being out priced on houses and foxbodys
 
Posted by venomous99 (Member # 1917) on :
 
quote:
Originally posted by sic70stang:
lets be honest, im down with pushing the ghetto inland. kinda glad they are being out priced on houses and foxbodys
easy to say if you're on the right side of the fence.lol other side are the folks that are crying that many areas like SF are being gentrified. its a tough situation..im all for increasing property values but also see the need to have a good blend in the demographics.
 
Posted by 135.0 (Member # 4992) on :
 
Build a wall to keep all the ghettos out
 
Posted by sic70stang (Member # 4347) on :
 
the gentrification of west oakland has been quite a blessing tho lol. pros are far outweighing the cons for me. affordable apartments for some i can agree with but houses are now a luxury here.
 
Posted by sic70stang (Member # 4347) on :
 
quote:
Originally posted by 135.0:
Build a wall to keep all the ghettos out
be prepared they are moving inland!
 
Posted by JZTRK (Member # 7641) on :
 
i just bought a 1700sq ft home on a 7000sq ft lot for 180k in the valley and houses are getting snatched up super fast. sellers are taking lower investor CASH offers over FHA and conventional loans alot of people will get desprate and settle instead of holding out for the house that suits them
 




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