Condo vs Townhouse vs SFH with 1.2M budget, no kids in bay area?

Feb 13 29 Comments

Both the spouses are in their early 30's, working in FAANG, plan to have kids in a couple of years.

What kind of house is ideal for this situation, looking to buy in south bay.

Total TC:450K

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TOP 29 Comments
  • SAP PXkM70
    For that amount, Go to Texas.
    4000-6000 sq ft house
    Feb 13 6
    • LinkedIn raptorz
      Go south of LA: San Diego
      Feb 13
    • Transmit Security tCEd82
      That’s right. Live in one of those grand houses built by toll brothers and you won’t feel like leaving Texas again. Plus bank stays happy with all the savings.
      Feb 13
  • Facebook public2
    SFH or nothing.
    Feb 13 2
    • SAP peponi
      Is buying a new construction condo/townhouse better than buying a 1960 construction SFH for the same price?
      Feb 13
    • Facebook public2
      For me it would be worse. Hate new construction, everything is cookie cutter and poorly made with cheap materials (in general). An older house is much more solid, often well designed and more unique and most importantly in a better location. You can always remodel a house, you can never change it's location. But again would never buy a condo or townhome.
      Feb 13
  • SAP peponi
    Is buying a new construction condo/townhouse better than buying a 1960 construction SFH for the same price?
    Feb 13 3
    • Apple pthread
      HOA’s are hell on earth. Avoid like the plague
      Feb 13
    • Uber / Eng DgoQ22
      For quality of life, new construction is better. But know this, land is what appreciates, house itself that is on it depreciates. A 60 years old house have already depreciated to almost 0, the new townhouse/condo have just started.
      Feb 13
  • Uber / Eng DgoQ22
    Sfh, you own your land and don’t pay for the gym/pool only your neighbor’s Airbnb guests use.
    Feb 13 1
    • SAP peponi
      Is buying a new construction condo/townhouse better than buying a 1960 construction SFH for the same price?
      Feb 13
  • Don’t buy, the price doesn’t make sense
    Feb 13 1
    • Facebook public2
      It's low but not impossible
      Feb 13
  • Soothe
    hahawtf

    Soothe

    PRE
    Amazon
    hahawtfmore
    Honestly I would continue to rent. I currently own a home and rent out but the monthly payments on mortgages are outrageously higher than rents
    Feb 13 4
  • Microsoft / Data
    Demos0923B

    Microsoft Data

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    General Dynamics Information Technology
    Demos0923Bmore
    Not sure about price, but if you do go SFH, then get some roommates for a few years and pay down principal to something reasonable before you have kids. That way if something happens you have a bit of cushion and worst case scenario you can sell the house with a decent amount of equity and move to Seattle or someplace cheaper.
    Feb 13 0
  • Amazon / Eng KHCr70
    Well fk me and my 800k 1 bedroom apartment
    Feb 13 0
  • Amazon oOSK75
    SFH with a good lot size will only be a rare commodity in next 10 years. These days I see the number of floors increasing and lot size shrinking and they call them a SFH..
    Feb 13 0
  • OpenTable Meliodas
    It’s the suburbs, buy a single family home.
    Feb 13 0

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