| bayarearenter
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San Francisco, CA
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In United States
Registered Nov 11, 2011
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bayarearenter's most recent comments:
- On 24 Jul 2012
in
Tiered of getting overbid in all my offers,
bayarearenter said:
everything says
675k for a townhouse?, yikes! HOA $270! TV not included!, lol, wonder when they'll start throwing TV's in again.
This. That townhome is a POS. Foster City is nothing special - except proximity to tech companies, I guess.
I understand that the current market will support $675K for a POS (thanks largely to continued strength in tech and all the other reasons people talk about here). I further understand that my refusal to accept this seemingly irrational pricing doesn't make it any less real (after all, a market can remain irrational for a lot longer than I can remain without a roof over my head).
OTOH, the OP should srsly consider another locale, even within the Bay Area. You could get a lot more for $675K in safe, lovely parts of the East Bay with do-able commute times to the Peninsula. The OP should be thankful he didn't get this POS in a POS area. - On 1 May 2012
in
Thoughts on Oakland, CA condos...?,
bayarearenter said:
OP here. I appreciate the input from all. I agree with those who say there's no rush even if I wanted to buy (interest rates will remain low, inventory currently artifically low, springtime is not the time to buy, etc etc). That makes sense.
But I am pretty familiar with the Adams Point area and I would be comfortable living there. I fully acknolwedge the crime problem Oakland has. And I am most persuaded by the posts that point out the low number of cops and the ineffectual city leadership. But again, Adams Point has about the same amount of crime as most of the places I've lived in SF and elsewhere (Chicago, Boston).
@Justme - I'm not a troll, I'm just not very creative when it comes to picking a username. Always good to take everything you read on the interwebs with a grain of salt though.
Finally, I'll say that one of the reasons I posted is b/c I have lately heard from several different people who have moved to that area as an alternative to SF's currently rising rents...obviously hearing from 5-10 people that they are moving there does not a trend make, but I thought it intriguing enough to seek further info.... - On 30 Apr 2012
in
Thoughts on Oakland, CA condos...?,
bayarearenter said:
BMW - I used "build equity" very loosely. I understand and agree re the preference for staying liquid. The thought is that as long as I am paying for a roof over my head, as dodgerfan notes, why wouldn't I get into a situation where some of that money comes back to me in the event of a sale? I guess I am swayed by the classic "forced savings" argument, at least in this context, i.e. purchaisng an inexpensive condo in a reasonable neighborhood. Influencing this relatively objective thought process is my subjective and possibly erroneous view that select parts of Oakland, including Adams Point/Lake Merritt, will not descend into cannibal anarchy. In any case I appreciate the comments following my long post...
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