Bay Area Real Estate Market

Amazing views! These are the days to enjoy California.

In the mean time, people in midwest and northeast are busy shoveling again.

 

OK, back to this question. Aside from prices, what do you guys think of this area as far as a place to live. It seems to a be a nice quiet area away from the city. Pros? Cons?

 

There are many "nice and quiet" areas away from the City, some of which aren't even that far away from the City.

The questions is, do you see yourself working in the City?
Is there a need to be close to the City at all?

 

I'm a self employed man Waggie. No need to be in the city.

 

My favorite area is in the East Bay:

Orinda and Lafayette, which is just 30-35 minutes of a BART ride into the City . . . Even more specifically, Happy Valley Road in Lafayette.

Also, one of the best public school districts that you can find in the entire State!

http://www.hermessystems.com/lafayette/community/schools.html

 

I live in Mill Valley and have a wonderful little apartment (600 sf)that costs me $1000 a month. I've thought very long and hard about purchasing a place (even put in a couple bids) because everyone around me is making tons of money.


Here's my biggest issue: A condo the same size as my apartment would sell for about $420,000 in Mill Valley. If you add in the HOA's, Taxes and Ins and take out the tax effects that would mean that my apartment would cost about $1900-2000 a month (maybe a little more)

In essence what I'm saying is that the Price to Earnings ratio for the Bay Area real estate market is completely out of whack. There is no relationship between Price and Earnings.


I would much rather buy 2 respectable houses in Fresno for $180,000- $220,000 rent it out for a price much closer to the monthly mortgage cost (if not over) and keep my Mill Valley apartment.


This thing is a house of cards

 

Man, that's very close to, if not right on the fault line!

Make sure you have the stomach for shakes.

 

Wonderful. There's always a catch.

 

Don't forget about quake insurance if you choose to buy a house in the Bay Area...

I don't believe there is any major fault line in coastal San Diego and Orange County. Correct me if I am wrong.

 

or maybe you are such an impotent ass that you need to call other people names to get your point across.

Maybe some day you will get that sex change operation that you are saving up for witrh your pennies from daytrading ....