We have 100k saved for a small condo in 400k-500k range. Over a period of 5-7 years, in percentage terms, which areas do you think will appreciate more? I'm looking at Hayward, Union City, Dublin, may be Pleasanton and Vallejo. Combined TC - 400k.
None of the above.
Then which ones?
Sfh+ in desirable area's else look out of state or just invest in REITs if want real estate exposure.
Combined TC if 400k but you only have 100k saved? Were you both paying off big student loans or something?
First of all we didn't jump out of college with 200k jobs. We paid off our college loans, got a home for our parents back home, contribute to 401k till our company matches, have significant portion of our savings invested in index funds which I haven't included here , and a duplex and sfh rental property in Cleveland. I am a big fan of diversification and wanted to setup passive income before thinking of buying home and putting all my eggs in one basket.
Those areas you list will be the first condos to decline in a recession.
Of course but there is none available at other areas. Do you suggest any other areas that could still have a good appreciation in 5-7 yrs?