I know blind loves to say don't buy a condo ever, but does this make sense in my situation? Clearly there are no TH or SFH in my price range for what I'm looking for... and don't think I'll make enough $$ to catch up to TH/SFH prices... Budget for purchase: $1.4M (300k down, 6.5k max monthly payment) Desired monthly rent: <$4200 Me: in relationship living separately, no kids. No we're not living in together anytime soon. L5, TC $375, NW $1.2M I'm looking in safe neighborhoods in SF, down to redwood city. I'd live in this condo/rental for 2+ years while renting out one of the rooms. Rent/buy calculators say I break even on savings after 2 years. I also expect to stay at GOOG for the next year, but the startup itch will get to me soon. #housing #sanfrancisco #mortgage #peninsula #condo
Just curious what’s your YOE/age? And breakdown of that $1.2M NW?
Bought a condo- it appreciated $150k last year. Worth it
So you’re saying there are no TH/SFH for 1.4M? That’s hard to believe. Don’t buy a condo unless there’s no other options. Condos appreciate the slowest & depreciate first. Plus high HOAs and you don’t own any land.
What are your suggested low crime/low homeless neighborhoods/towns to look in for TH/SFH in that range? I'm looking in these but not finding anything: inner sunset, inner richmond, noe valley, cole valley, south beach, San Carlos, Burlingame, San Mateo, Millbrae
I bought a 2 bed, 2 bath TH in January in Eureka Valley (in SF) for $1.2M. It took more than 6 months of ACTIVELY looking, as well as finding properties before they were listed the market and visible to everyone. Get a good realtor, and get to know the micro-neighborhoods of SF better. There are so many SF neighborhoods that fit the bill. The Avenues (Sunset & Richmond) are overpriced, as is Noe
Used to live in Russian Hill. for $1.4M, you will get decent enough condos in pac heights, Russian hill etc. if you are open to peninsula, Burlingame and San Carlos has condos that are in your range.
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Try to find a SFH in your budget, or atleast a townhome..
Been scouting redfin the last month. Literally nothing unless you count those built on top of radioactive waste or in a sketchy area.