Which areas are appreciating faster in the Bay area?

Savvius kYuj55
May 15 11 Comments

We have 100k saved for a small condo in 400k-500k range. Over a period of 5-7 years, in percentage terms, which areas do you think will appreciate more? I'm looking at Hayward, Union City, Dublin, may be Pleasanton and Vallejo.

Combined TC - 400k.

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TOP 11 Comments
  • OpenTable Meliodas
    Those areas you list will be the first condos to decline in a recession.
    May 151
    • Savvius kYuj55
      OP
      Of course but there is none available at other areas. Do you suggest any other areas that could still have a good appreciation in 5-7 yrs?
      May 15
  • Google z5RtU7F
    Combined TC if 400k but you only have 100k saved? Were you both paying off big student loans or something?
    May 152
    • AT&T / Eng
      DDM2K

      AT&TEng

      PRE
      Optum, Windstream, AT&T, Verizon
      DDM2Kmore
      Could be counting appreciation.

      Could be maxing 401(k) and that balance is not included in money for down payment.

      Could be rocking twin Model X’s and be eating out every night.

      Waiting for more details.
      May 15
    • Savvius kYuj55
      OP
      First of all we didn't jump out of college with 200k jobs. We paid off our college loans, got a home for our parents back home, contribute to 401k till our company matches, have significant portion of our savings invested in index funds which I haven't included here , and a duplex and sfh rental property in Cleveland. I am a big fan of diversification and wanted to setup passive income before thinking of buying home and putting all my eggs in one basket.
      May 15
  • Facebook public2
    None of the above.
    May 154
    • Facebook LiamN
      Then which ones?
      May 15
    • Facebook public2
      Sfh+ in desirable area's else look out of state or just invest in REITs if want real estate exposure.
      May 15
    • Facebook LiamN
      But which are these desirable areas? :)
      May 15
    • Facebook public2
      Sf to palo alto and everything in between.
      May 15
  • AT&T / Eng
    DDM2K

    AT&TEng

    PRE
    Optum, Windstream, AT&T, Verizon
    DDM2Kmore
    If you wouldn’t bet on being able to sell out of an ARM in 7 years before the rate hike; why push projections out that far and even entertain trying to get out from under a condo?

    The areas are overflow areas for people priced out of the city. Vast minority work in the same city they live. My rule of thumb is never buy housing that was built in response to a housing boom or spillover from a metro.

    Not only will you be buying at top-of-market, you’ll be one of the first areas to experience pains of a contraction should they occur prior to you selling. I’m not talking about taking a loss. I’m talking about being able to sell. At all.
    May 150

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