I you are smart, you can cash flow and make money in Bay Area in RE. I invest in large multi family properties. The ones I bought in 2014 etc. are of course very profitable but even the ones I bought in 2020 are great. I bought around 20M worth of properties in 2020; I put 30% down and 2-2.5% mortgage. I put in another 2.5M on extensive renovations. Total rents when I bought was about 90K per month. Now the rents are sitting at 145K per month, almost 45% of it is pure profit (tax free). Based on my analysis the value of the 22.5M properties are now easily 30-35M, so I can do cash out refinance when rates come back down. So both solid cash flow and solid appreciation, if you are smart.
