Bay Area Townhomes
All new construction townhomes in Bay Area ( Sunnyvale, Mountain View, Cupertino) are priced around 2M to 2.5M for a 3-4Bed & 3Bath. Are they worth it? TC: 400k YOE: 7 Yrs
3 million for a TH? WTF.. They don't appreciate much in value, that seems excessive for a TH no matter how nice they are. $1.5m to 2m for a TH makes a lot of sense. Monthly payments are manageable that way. If I had 3m to spend on a house, I'd skip the TH and buy an older SFH house; then fix it over time to create equity. But alas, I can't afford 3m, so we settled in the TH for 1.3m in Cupertino.
Agree. But right now all new townhomes are priced around 2-2.3M and we plan to move in 5 years for schooling. So, debating if we rent or buy and if it doesn't appreciate more than 10% or so. it doesn't seem worth buying. Personally, we are happy with renting and not crazy about owning.
Why are you looking only at townhomes?
Literally everything is worth buying at whatever price it sells for, unless it’s some anomaly and the appraisal doesn’t match. It’s the market. It’s supply and demand.
Yeah, and I’ve been waiting to see the bubble burst forever.
The real in real estate is land ! Buying a SFH in 20 mile proximity to the cities you listed would make you rich in a decade.
I don't understand why ppl are so crazy to buy in mv Sunnyvale. For 2 million you can buy a very good sfh in east bay or further south to Sunnyvale. Why live in zipper townhomes paying 10-15k a month.
But it’s east bay
Because people do not want to spend 1 plus hours in commute. They would rather invest that time on family or themselves. I would rather live in a townhome in a Sunnyvale than a 6k sq ft home in east bay!
For $2.5M you can get a real decent SFH in East Bay in Tri-Valley and you are surrounded by your Desi friends and don’t have to be worried about moving again. Your kids will also have to learn how to be competitive just like you have to for your job in Valley. Make sure he is going through all those Leetcode stuff from now.
Creating leetcode monkeys 🙈
Spot on for tri valley. I had seen parents bullying schools. This includes not just Desi but all Asians.
Just wait for a year and you will be asking same question for SFH. Prices are going down.
In dreams?
That’s exactly what people felt during 2008.
Apparently not the case in East Bay! I am seeing prices are still going up. I don’t get it!
please no, stay over there, don’t come here to east bay.
Is it easy Bay or East East Bay?
Fuck HOAs!!!!
Buying TH in un-walkable suburbia is plain stupidity. You get the worst of all - high density housing in low density neighborhood.
This…if you get a TH make sure it’s next to something (downtown or a light rail that gets you there easily)
Great point. High density housing doesn't bode well for SFH areas. Create traffic, no walkable amenities, etc. But then some people I know only grocery shop on Amazon Fresh 🙌
Not worth buying.
Lol. You will be someone who will cry not buying them few years later