Bay Area Real Estate
Category
General Information
Locality: San Francisco, California
Phone: +1 415-527-3331
Address: 1506 Van Ness Ave 94109 San Francisco, CA, US
Website: www.allsfrealestate.com/
Likes: 63
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Please don't do this.
Keeping in mind what happens in SF ripples out to the entire Bay Area...
You East & North Bay folks saw appreciation in the 18% range of late. SF folk about 13%. I think that is coming to an end and returning to normal. My congrats to all the home owners, and condolences to first time buyers - the bar is now set a bit higher.
Thank God. Maybe some relief in sight.
I kinda wish this would all get back to normal.
El Rey Theater to be restored. As a theater!
Pay special attention to the 3 bullets - with homes going up over 8% this year, and likely 3% over the following four....that house that is selling for $1m today will be selling for $1.2m in a few years. You likely can't save money that fast, find a way to get it now.
Stop renting. Talk to someone about how, right now, you can get into a home that you own even if it may not be your dream home. In that prices are far higher in our area than the example given - this differential is not $94,000, but $200,000 - $600,000. Believe me kids, that's the difference between retiring at 60 vs 70. May not be important now, but when you hit 60....
I gotta say, my only real estate regret was not first buying in my early 20s rather than later 20s. I would have been on that treadmill sooner, and, by my calculations, would be about $240,000 richer right now if I had. $240k is not a rounding error in retirement figuring.
I actually have a client waiting for this "tsunami." He wants it to be true so in his mind, it is.
How much house can you afford?
Conservation works.
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