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what's a "safe" foreclosure rate for SF Bay peninsula condo complexes? too high jeopardizes FHA certification?
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2011 Feb 28, 2:22pm 543 views 0 comments
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I see a table of bay area condo complexes along with their foreclosure rates and there's a couple in San Bruno that are 25-30%. Should I consider that the new norm for the next 3-6 years? I've been looking for 1BR condo's in the peninsula in the under-250k range.
If I buy in, I intend to stay for more than a short term -- say 5-7 years. At this price point, I don't see too much risk compared to renting. Moving to the peninsula gets me closer to my work or any other job in the future so there's that cost savings and investment factor also.
What I don't like is the feel to the place -- just seems crowded in a large sprawling set of buildings/complexes. It would be nice to work at Youtube and walk to work though.
#housing