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
Want kids or DINK forever?
Don’t buy, the price doesn’t make sense
It's low but not impossible
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.
For that amount, Go to Texas. 4000-6000 sq ft house
But it’s Texas 😞
If you wanna stay in Cali, go to LA. Bay Area is so shit man
Sfh, you own your land and don’t pay for the gym/pool only your neighbor’s Airbnb guests use.
Is buying a new construction condo/townhouse better than buying a 1960 construction SFH for the same price?
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
Buy a sfh. You do not want to pay rent that is nothing but money down the drain. Build equity. The prices of house in this area will continue to rise.
Is buying a new construction condo/townhouse better than buying a 1960 construction SFH for the same price?
It’s the suburbs, buy a single family home.
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SFH or nothing.
Is buying a new construction condo/townhouse better than buying a 1960 construction SFH for the same price?
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.