$1.3M for a SFH crap-shack. To hold 3-5 yrs for appreciation. Cons: - Next to Plaza Del Rey mobile park. Will it ever be bought out by tech to build office? How does it affect appreciation? - Within 1m superfund. - Sketchy area. - A lot of renters - Shitty schools. Pros: - Next to Moffett Park where tech expansion happening. - Great commute to multiple tech companies. - Easy to rent room - May be the best area for appreciation in the next 3-5 years because Tech companies are moving in Moffett park (I could be totally wrong here) What do you guys think?
Which tech companies are moving?
Its a good place but crappy schools. Since its next to trailer park, check for sex offenders and other not so pleasant characters in the area. This is US, every place has its own zoning, if its zoned for Residential then it probably cannot be converted to office space.
What did you mean by "good place"? This is more for investment appreciation. I will live there just short term.
You look confused, do you know what you want to do, or are you pulling ideas out of your ass?
Long term (10 year horizon) it’s not a bad idea - prices will go up. Anything less than that it’s risky - you cannot predict a slow-down/down-turn. For sure such an area will see a big reduction in prices.
Don't do it. It's a scary time right now. Market is flattening and the desperate folks are looking at other areas. It's a gamble unless you plan on living there 10+ years.
This is my concern too. $1.3M (30% appreciation from last year alone) for trailer park area. Could it go to $2M? May be in 10 years but when downturn comes (due at some point), this area will probably be hit hard.
2M? No way..salaries will have to almost double. At that price people will be moving out of the area.
Another thing is I plan to rent out per room, which should cover most of the mortgage payment
How is that area sketchy? For the most part it's new apartments and condos. The are two or three trailer parks
Layoffs
Yesterday
39204
Google CFO confirms 'large-scale' layoffs (Apr 17)
Tech Industry
13h
365
Google has a workforce crisis thanks to their leftist/woke ideology
2024 Tax
15h
2440
Biden’s new tax proposal is wild
Health & Wellness
16h
5552
Why are women naked in gym?
2024 Presidential Election
6h
1347
Biden ruined America and tech! Tax plans are insane
How sketchy it is
EPA but feel safer