If you care about noise and privacy avoid shared walls for personal residence. I have lived in condos and THs in the past and refuse to in the future (unless it’s super well insulated and quiet). Unfortunately considering the age of stock in the Bay Area, it’s hard to find something that meets the above
Multiple condos or townhouses are better financially. It’s more downturn-proof and you don’t even need the extra space of a SFH. Also the short commute will boost your happiness and wellbeing beyond your imagination.
Considering the areas that we are talking about, I am thinking a SFH would be a better bet to weather any storm better than a condo/TH would, especially since SFHs are not being built up as much as condos/THs.
We put that as scenario 100. Figured if we last in BA without being too unhappy, we can go to Seattle any day we want. Turns it to be true already, with Seattle housing market being terrible at the moment compared to 6 months ago.
This is what I meant by deleveraging. It does feel like a more conservative strategy. To beat this, scenario 1) should outperform in appreciation by lots, but I just don’t see that happening beyond $3M mark.
I know that on this forum, there’s certain amount of stigma for condos/THs - would the answers be any different if I said Option 1) was 2 SFHs in less desirable areas(e.g. Fremont / Almaden Valley / etc)? That’s the worst scenario for me though; bad commute, and suburban area.
I don’t care so much for noise per se - in all the places we’ve lived, we’re probably the noisiest neighbor in the complex (with the frequent parties on weekends )
2 Pros for Option 1) though:
I kinda want “some” backyard space with green space, but all the THs with backyard are older ones which is against the “open space” floor plans the newer ones.
Newer THs are being built in small pockets of lots in less desirable parts of MV. So walkability is not very good - bigger complexes typically have a retail options that you can walk to.
Do you think you will stay with the same employer for a long long time? I’d not base my RE purchase on commute to current employer. It is highly unlikely you will work at the same place til retirement, unless you plan to move again.