You can definitely afford a house in the Bay Area if
- You make 130K+ TC - You work in SF or Pleasanton area or right across the bridge from East Bay - You tried being open minded about living in East Bay - Don't mind a 35 minute commute to SF, 25 minute reverse commute to Pleasanton, 40 minute commute to Facebook across the bridge if you work 10:30-7:30pm hours when there is less traffic (some examples) - Don't have kids, if you don't have kids you don't need a 10 rating school I'm just sick of people not believing that there are pockets of great neighborhoods and areas in the East Bay that they can definitely afford and have a good life. Now it's raising 15% YoY in San Leandro and Hayward continuously and might be too late in the future if you don't trust me. I already told several of my friends at Amazon, other tech companies, and friends from college about the type of SFHs I targeted in various neighborhoods and they've snapped up a few 3+ bed SFHs too now. Now, it's definitely not ideal like in Buttfuck, Nowhere in other parts of the USA but I made it work and am happy with this life in the bay. Now I'm just waiting for certain people to tell me I'm stupid for buying real estate somewhere that isn't MTV, Palo Alto, Sunnyvale, or Santa Clara
What if someone plans to have kids in the next 2-3 years? Then they would have to look for a good school district, right?
Do the kids go to school as soon as they exit the womb? You have so many years until you need to worry about that - just my opinion
That’s correct but 7 years down the line you need to think about their school, right? Then what do you do? Shouldn’t you think about it now because you can’t afford a second house then? Do you just assume that you will be able to sell the current and buy a new house by then? Genuine question btw.
Lol crappy San Leandro and Hayward
Lol crappy Bank of the West Get the fk out of here, my friend
Triggered ☝️
IMO these places will get hit hardest if/when a bust hits. Keep trying to justify your purchase OP. If you can't afford it, don't buy it.
Fair enough 👍 it is easy to afford and has appreciated more than 3x in recent years so I don't mind it crashing
There are always good and bad investments. But at least you get to enjoy your new home. Have fun OP.
Thanks 👍
Just pray that the housing does not crash. SL, Hayward, Newark and Union City will get clobbered - there will be a lot of foreclosures there. Homes in good school districts will fare much better.
Welll... I agree with OP here, I have 2 SFH in Hayward and 1 condo in east palo alto.I got them back in 2013 and since then everything has more than tripled.At that time people told me to not to buy in any of these areas as they were not safe etc.. I knew that once south bay is done, people will start looking into east bay etc.. 5 yearslong have passed, east palo alto has been gentrified to a good extent and is improving day by day and same with Hayward and San Leandro. I have seen the schools improve, though slowly but they will get better with time.Now even if the market crashes, I have invested less than any other south bay homeowner and have low debt compared to them. At that time Hayward etc were 300k to 400k sfh. You have to look for opportunities to make money/invest before anyone else does.That is the time when you make the most of the opportunity.
🤜
Yeah EPA is a good investment if you gonna hold it +20 years. It will be much better eventually.
Why would I want to buy in the bay? The bay fucking sucks these days. Its filled with you people
So where do you people live ?
Hey hey hey shhhhh don’t talk about Hayward and San Leandro, last thing we need is for prices to go even more up and get gentrified .
Let me guess... you're a transplant whose moved there in the past 5 years?
Actually I’m a native born and raised in da bay and grew up listening to hyphy. Ghost ride the whip!
Why would I move anywhere when I am in $2500/ month south bay rent controlled 1 bed apartment with 5 mins driving distance to my office. I have all the Indian food, groceries and salons, at my doorstep. I dont want to sit in traffic or get up at 6 am. I am enjoying my life.
> 130K+ TC That is a bar a majority of people are not able to meet lol.
Oops, thought that was the minimum Blind salary tho, all them Leetcode Experts attaining 300K+ TC.. I'm only 250K-270K TC and easily afforded a beautiful 4/3 SFH in a private neighborhood (very quiet and close to BART) in San Leandro
Oh. I missed the tone of this post. Please excuse me