One thing you can not change location issue, it may take years, decades to change. Lot of money needed for government to enforce law and order.
If a place has bad reputation for drugs, shooting or human trafficking, it is surrounded by such group, hard to change to normalcy.
Living such location leads to lot of legal and insurance challenges such auto theft , accidents by uninsured, property thefts , higher crime ratio.
Once a place gets such name, people avoid such location.
This is the truth about location, location and location for real estate.
Remember why FED and government is fighting against inflation. If they don’t fight, poverty leads the people into social unrest like what happens in Sri Lanka now!
Gilroy has crime rate still, poverty , jobless exists. At one time, our car was hit by someone. He agreed he hit our car, but he also told he is jobless and he is insurance less ( did not renew insurance)! This is common in poverty areas.
Milpitas and Morgan hill moved up price to unaffordable level. Morgan hill good homes not there less than 1M.
Milpitas is core with lot of jobs, very expensive nowadays.condos are not affordable and lot of builders with condos and townhomes. SFH is going at premium rates, not affordable at all even at this time.
My friend sold his condo ( bought at 400k ) at $650k Milpitas,and bought SFH 670k ( 2600 sqft ) as final move. It makes financially better move.he is one among the first person invited everyone for house ceremony after which appx 10-15 bought the home.
Manteca, I do not know crime rate or other issues, but people started buying by affordable level. But I guess they migrate there as it is easy to commute SF by 580 ( horrible traffic ), sjc by 580 & 680.
It is people started buying such location, strictly I do not know good or bad about such location.
Oakley’s is in top 25 for the whole CA on safety. => I do not know about Oakley! Without knowing about it, I can not say good or bad.
Even I didn’t know about Oakley 1 yr back before I moved in. It’s a typical boring, rural place but has everything near by. Many in my community are from SJ, Fremont. Brentwood school is good so they admit kids there. Also they attribute less crime to PD being detached from contra costa county and operate independent.
True, SJ, Milpitas and Fremont were affordable previously but not anymore.
People migrate outside of bay area for affordable settlement.
Even I came to Morgan hill to buy low cost home leaving Cupertino.
I bought this home for $199/sqft (2005 built) during 2011 and now two similar homes sold at $575/sqft.
Only one thing I know about Brentwood, it has lot of farms like Morgan hill.
Before buying at Morgan hill, I visited Livermore, Brentwood for homes, but finally decided Morgan hill for nearness to Bay Area esp Santa Clara county.
We just preferred 30 mins drive to office. Six years we drove 101 hwy to office using EV cars with carpool lanes until pandemic wfh came.
Never visited oaklay as we felt Dublin itself too long to drive!
Otherwise, buy a large lot homes (acres) and enjoy. Soon the rural places turns into urban side. Getting a land at that time is difficult!
I missed many opportunities to buy 2.5 acres lot homes (even for 820k), regret the mistake now! Now, they are listing at 2.75M level, missed the boat permanently !
Land alone does not appreciate, but large land with buildings appreciates very well.
Arizona will drop to a flat tax of 2.5% soon. Plus, if weather is the issue, the couple can always buy a nice weekend place in the mountains. M-F they’re likely too busy to worry about the weather.
CA will loose population during every recession years, but later people migrate towards CA cities for growth potential.
I did not believe this when my realtor was telling this first time. She had seen this bay area 40 years before 2005 period. I have seen this last 25 years and it has been like that.
During 2008-2011 no one was ready to buy a home. I had seen 10k lot homes selling at $450k-$600k near Saratoga Ave (WSJ), now they are history.
Even those homes now my friends purchased around 700k will grow to 1M in 7-10 years (with all due dips).
This is very common to most of the city Life (exception like Detroit may happen, but very rare). The main reason is inflation increases asset values.
I was bidding in this area. The one I lost was => We offered 760k with a month rent free and no contingencies, but we did not get it. The winning offer is 830k with all same as ours, while list price is 698k
Think? I also think about getting a compound on a 10 acres land. A compound with a 10,000 sqft house, a separate garage, a guest house, a helipad, a bowling alley, an indoor swimming pool with massage service, etc. Where can I get one?
