Buy a home in Cupertino with good public schools ?
We recently bought a new townhome in Sunnyvale(2000 sqft); with bad school district; we are GC holders and have a 2 year old kid; We work in southbay and would like to keep our commute as short as possible. Does it make sense to move to cupertino and upgrade to neighbourhood with good school district or would it ok to just live in sunnyvale and pay for the private school? What is good strategy for long term? Consider we can afford(20% down) home in Cupertino..
Yes dump it now before many others realize the exact same thing
If you will keep your Cupertino house for a long time, it's better to upgrade. House is a leveraged investment of 5x. Cupertino is a desirable place and real estate there should at least keep up with inflation over the next 10 years. I view this as a better option than Sunnyvale. Of course , it is possible that you will loose money on real estate investment, so do your homework.
Do you work for Salesforce in the South Bay? What city is that office located?
What part of Sunnyvale ? North?
Considering the vallco project will be built after your kids go to college cupertino is a safe bet. Once the district lines are redrawn from that project your house price might lose 10% but it should have grown more than that in the next 20 years
Seen 10% drop during the last recession. This is normal in Cupertino, Palo alto. Never buy real estate if you cannot ignore 10% drop. Sacramento area saw 50% drops, so 10% is nothing, just 4 years of inflation adjustment.
Yup loan and 20% down