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SJ
2013 Jul 27, 8:49am
Santa Rosa, Petaluma and Livermore are WAY less expensive for real estate based on what I see. Same for Gilroy if you want to live that far out.
Santa Rosa, Petaluma and Livermore are WAY less expensive for real estate based on what I see. Same for Gilroy if you want to live that far out.
"live that far out".. its an odd statement to make. Far out from what ? San Francisco ... hardly any reason.
actually many have done really well over the decades...regardless of "how far out" they lived there.
Exactly 18 months later and my investment has more than doubled. I plan on waiting 2 more years to sell or rent, probably sell. My attitude is the same in that I wanna pull out with max dollars, wait for the crash (like you plan on doing), and then I'll get back in with approx. 200k for a home closer to the beach in Southern California. I don't care if I'm 30 mins away as long as I can still get that cooler weather. I'm hoping that 400k condos drop to the 200k level at the time of the next crash. Whatever the case may be, I'll be ready with cash in hand. Yay me! : D
I wouldn't congratulate myself until I'd sold whatever shitbox it is that you've bought.
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Folks, you've all been great with your feedback.
I've decided to quit looking for a house.
I will wait until the next recession hits.
My bet: From today to the bottom of the next recession, I will be able to save faster (or make my money grow faster) than the total house appreciation in places like Los Altos and (obviously) San Ramon.
So no more posts from me. (except for a couple of really funny weird experiences with some other RE agents that i worked with after I fired the first 2 agents :-) )
Happiness to all. Wether you own a house or not, the true secret of happiness lies within your objectives, working hard towards them, learning from failures in trying to achieve them, and becoming a better person in the process (and hey, maybe you will also get your objectives achieved! That's a plus!)