Is it a good time to buy a house in San Francisco
Single and TC: 170K Affordable down payment: 160K Would prefer a 2B so I can rent the second bedroom, but I think it is less likely to find a decent one in SF under my budget #sanfrancisco #realestate #assets #investments #homeadvisor #propertyadvisor
Wait a year. The price of houses market is going tank in a big way. People don’t have a reason to sell because their home payments are in forbearance. But once they have to start making payments again you’re going to see lots of houses drop into the market.
Since you asked: wait. We don’t have enough clarity on the duration of pandemic, or the longer-term macroeconomic direction. Unless you have lots of cash, are super-young, and can afford to take a big risk.
Was looking for a safer investment with the money I have. I live in SF and pay lot of rent. so thought I could buy a condo with the money I have and pay mortgage instead of rent. Also if I can get a 2B I could easily rent it for 2K in this neighbourhood.
I own a condo in sf (soma) and not worth it. Invest elsewhere and rent in sf if you have to. With mayor breed with so many regulations against homeowners with homeless situation not improving, just not worth it.
Do you plan on staying in SF long-term? I think market will sink more
I work in SF Downtown, so planning to stay here for couple years and rent it eventually
You won't break even after a couple of years to rent out. Mortgage is so much higher than what you can rent