Ooh, not sure what you are asking. If you are asking if I am buying to owner occupy, yes, eventually. If I find the ideal house that wifey loves, I will sell the Sunset beauty and take the 500K exclusion if the living outside of SF is as good as you folks say it is . If not, we come home after I wipe out a good chunk of my capital gain from doing an owner move-in of the exchange property after renting it for a spell.
Criteria? We want a bit of sun, a bit of yard, a good kitchen space for wifey to have fun in, a big garage and driveway to house several cars. 3/2 is ideal for us DINKs. Daly City is ok, but honestly if it is going to be really foggy again, why move right? I am considering San Bruno, Millbrae now if under 1.5M and SSF maybe if plane noise is minimal. The lack of inventory is forcing me to network with all agents and consider all areas, including Daly City if not too foggy but the house has to a nice one with garage space and a decent yard. A big problem is wifey will not consider East Bay or anything South of Millbrae. That is what is killing me and making this so hard to finish up. If East Bay were doable, I would kick out my Fremont tenant so fast and redesign it to our liking. Problem around here is, everything I have seen, has sold fast within 2 weeks. Not one house has lingered. Even though I am in an exchange position with net proceeds of probably 3/4M in cash, I know I am not in as good of a position as a regular buyer. A regular buyer can move on the first property they want. I have to coordinate it with my exchange property. We will see what happens. My buyer needs to understand that if I don’t find anything he ain’t getting my place at a decent price which would be a shame but perhaps best in the long run.