Bay Area Chugging Along


#61

Yes, it does as of like a year ago, but for multiunits, i think it does not affect SFRs.


#62

Ooooh, is subletting expressly forbidden in your lease???:wink:


#63

Yep, basically only affects apartments and the 8-plexes. Not SFR, condos, or townhouses.


#64

I have been month to month for like 4 years now :slight_smile:


#65

Time to move. An $1800/m apartment can’t be very nice, especially for a millionaire


#66

OH for sure, it’s time to move. I want to stay in MTV, though, and i have high expectations :slight_smile:


#67

Sorry you already wasted four years. Don’t wait to buy RE, buy and wait. Those four years cost a lot of equity potential… High standards were very costly.


#68

That’s true, and i regret that. things i learn :slight_smile:


#69

Fremont would be the best bet…


#70

No east coast, I think our best bet is SVL, then MTV.


#71

You are making a typical non native mistake. I bought my first house in Oakland and commuted to San Mateo.
My equity in that house went up seven fold in four years.
Don’t bet against the east bay…


#72

Ok - you are convincing me about this, but i think i might want to get it as investment instead of primary residence.


#73

Keep your cheap apartment and buy a mansion in the east bay and just commute a couple of days a week


#74

lol - i think i am good without a mansion, too much hassle.
I prefer to buy 2 east bay houses, and a sfr in mtv - which i will do.

I just wondered - would having an investment house impact the loan interest and stuff on primary? In other words, should i wait to buy in easy coast or just buy it now while i still look for primary residence?


#75

All depends on your income.


#76

my income depends on the lender, some count google stocks as income most don’t.


#77

Do you know reasonable lenders for this kind of scenario?


#78

Ask Sfdragon… I don’t talk to lenders. Although I do lend hard money…


#79

@sfdragonboy your help is needed :slight_smile:


#80

Try Schwab