"Buy" vs "Rent" home in Bay Area - Moving to Apple
Hi Folks,
I recently accepted an offer from Apple in Bay Area (moving from non-bay, single earner in a family of 2).
I'm caught in a dilemma of "BUY" vs "RENT". Given the sky-high prices in bay, both options seem difficult.
BUY option: I can only put a max. of 100k (down payment) for the home. This leaves my only options to be Oakley, Manteca , Lathrop , Antioch (around 750K for 3-4 bed homes) - but the commute will be rough (90 mins one way). There is the option of a few condos in San Jose (750K for 800 SQFT). Not sure if any of these are good investments in long run
RENT option: $2400/month, pouring 30K each year for rent :(
Would appreciate any thoughts, recommendations and suggestions to make the best choice here :)
#hardware #bayarea #housing #apple
comments
No need to settle in a hurry. Figure out what you like and go from there. Step. By. Step.
If I were to do it over, I’d do the same. I learned about each area and found exactly what I wanted in each. Most importantly: I was comfortable with the cons of the areas I chose in each major city I lived in.