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No experience with Stockton, but there are some nice deals out there.
Congrats and good luck. As always bargin hard.. there lots of inventory.
This one is listed at 199K. Certainly much better than paying $450K.
Property History for 1904 Amarillo Way
Date Event Price Appreciation Source
Oct 21, 2005 Sold (Public Records) $466,500 -- Public Records
Buy near employment.
Employers are moving to lower cost areas. Hard to imagine for many someone Intel would have set up more jobs outside of SV but there you have it.
Sact.Elk Grove or Stockton.. no matter where .. but how much is the bigger question!
As always go back to prebubble years and factor in inflation.. and there you have it.
Bargin hard, as always which will reduce your risk exposure... Wont hurt to take off
10-15% from asking if you can. http://www.housingbubblebust.com/OFHEO/Major/CenCal.html
The owner sued our company for $25,000, and we settled for $2,500. Damn, that was one expensive limp
I feel your pain! There is alot of this going on in Los Gatos.. Jez!
bubblesitter
2011 Mar 17, 5:25am
@E-man,
Yeah, I have positive to say. You are my investment Guru! :)
toothfairy
2011 Mar 17, 8:24am
im no expert on Stockton but I've gone house hunting there for investment purposes.
I swear one street I was looking on nearly every other house had a foreclosure sign in front of it.
The nicer areas aren't bad if I happened to live in Stockton I'd buy a place there in a second just because I
happen to not like renting. You have to be ready to lose money though for Stockton it could get worse before it gets better.
I'd feel better about Stockton if they had plans for high speed rail but last I heard the rail is going to bypass Stockton.
Katy Perry
2011 Mar 17, 8:30am
Buy near employment.
You mean outside CA, right?
HA HA! where is that then? Atlanta? NY? Seattle?
bubblesitter
2011 Mar 17, 9:30am
Buy near employment.
You mean outside CA, right?HA HA! where is that then? Atlanta? NY? Seattle?
Okay, just tell me where are the jobs? :)
You have to be ready to lose money though for Stockton it could get worse before it gets better.
Why Toothfairy, are you suggesting that home prices in parts of the CA could sink to zero?
We arent yet at a Bottom even in 2011? What ever happened to 2009 as the Bottom ?
Shocking revelations and confessions from a RE bull/vested interest !
HA HA! where is that then? Atlanta? NY? Seattle?
Highest paid SV (CA) jobs are held by your typical salesman working for Tech Companies outside of CA.
Can be and are often found in Atlanta, Seattle, Texas, Maine and all points between.
And they make a heck alot more than me...
Anyone have experience with purchasing/selling properties in Stockton? This is the poster child for depressed California real estate, but I'm wondering if this is a good time to purchase something relatively cheap. The properties I am looking at are in the nicer side of Stockton (200-300K range)
thoughts?
#housing