Been looking on Zillow and think I’d be able to manage myself a 350k-450k mortgage, 20% down. I like the city. 110k cash 20k stock #sanfrancisco #housing
This is a good time to enter.
Do what you want. Just make sure it has good resell ability
There are always suburban sheltered Californian kids who get fascinated with bars and grime and eventually move to SF. There will always be demand for your place, so yes, go for it.
Lol
There’s always tech bros who don’t understand counterculture and LGBT values and walkability and livability despite the city’s problems with grime and homelessness. Fuck living in the burbs, spending half your life stuck in traffic and the other half alone in your giant house
How many years do you have to work to pay that off?
Make sure you understand the monthly fees associated with the condo. Those can be as much as the mortgage, depending on the building.
It’s been a while since I’ve payed attention to the SF market but can you even get something for that price? Also, beware HOAs and condo building rules. Go in with a full understanding of what that place is all about
It’s on the border of do-able with your TC. Everything about home-buying is just ratios, so you want to look at the monthly payments (mortgage payment plus HOA fees, property tax) Watch out for HOA fees. There are a lot of HOA fees that are expensive ($400 or more) for no reason (no useful amenities beyond water or garbage).
Why do u wanna buy? Can u just rent it?
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Musings (rant?) of an old timer
In SF, actually you can count the sidewalk as an extra bathroom and bedroom. So you are really getting a 2b/2ba . Pretty good value
So true 😂
This cracked me up 😅😅😅😅