I find that 1-2 million dollar SFHs in the bay area (like say, Santa Clara) are outside my budget. I'll likely have 100k for a downpayment soon, am comfortable with a 500k bid. If it's more than 1 bedroom, I'm going to rent the rest out (strongly prefer technology worker tenants - probably eliminates options like Antioch). Indian guy on H1B here, late 20s, working in the bay area between San Mateo and Santa Clara. I currently pay about 1500 a month in rent+utilities. Are Fremont condos likely to appreciate 10-20% in the next 2 years? Are there any other good 500k investments in Bay area? Or do I just invest in VGT or something, and wait for Amazon hq2 announcement?
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Problem isn’t appreciation but others coming in and dropping 3x your down payment in ca$h money
I'm trying to do a calculation on likely appreciation. If we assume I win the bid, do the think Fremont might appreciate? Are there new businesses coming in? Facebook said they're about to start, but nothing's done so far... Same with other mega employers, so I'm concerned about the price movement.
Bay is blowing up
San Jose will appreciate for sure. There are several high rises near google village, worth a check.
Will do. Thank you.
Can you get another $10-20k together quickly? There are still occasional 1br condos in the $550-600k range at a few spots on the Peninsula.
Yes if it's a good deal I can. Do you think they'd appreciate higher in percentage terms compared to Fremont etc?
As an investment, I have my doubts. If you can get 2br for that in Fremont, definitely not both on offsetting cost with a roommate and because 2br appreciates faster. As a place to live, much nicer area (IMO) and nearer both the city and the northern end of silicon valley.
Did you buy that condo in Fremont ? I see condos prices going down
Cheap ones in San Mateo probably also falls into your budget.