Shoreview San Mateo prices skyrocketing

I flipped a few houses in this neighborhood in San Mateo. $500/st now $1200/SF. Working class cheaply built flat top slab on grade houses built for GIs in the 1950s
Poor schools, freeway noise, foundation and flooding issues. Prices have more than doubled since 2010.
https://www.redfin.com/CA/San-Mateo/733-Howe-St-94401/home/1987505

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Why is this worth a new thread? :grinning:

It’s still the cheapest place in San Mateo. I see a lot of Asians in open house, not sure investors or primary home buyers.

What’s the foundation issue there? They are not built on landfill, right? I heard someone mentioning flood, not much details though

Because you all have been ignoring San mateo…A much more desirable place to live than northern San Mateo cities like DC SB SSF

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Built on landfill…Many houses have settlement issues. Many require flood insurance

Foster city and redwood shores are built on “engineered landfill”. How is the Shoreview landfill? Is it better or worse?

SF commuters prefer DC, SB and SSF, Millbrae and Burlingame.

MTV and MP commuters like San Carlos to San Mateo.

Shoreview has some really fucked up foundations…I have worked on a few…Good news is future movement will be limited…
Blows me away what these cheapy tepees go for…You can buy a mansion in the Tahoe Keys on the water for $1.2m

San Mateo is 5 mins further than San bruno and ten times more desirable

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How does San Mateo compare with RWC? RWC price is going up faster

I personally perfer RWC , i like the warmer weather
But San Mateo is a very easy commute to SF…Caltrain or by car…

As far as prices…Shoreview is definitely more expensive than Fair Oaks…a comparable area in RWC

San Mateo downtown is pretty nice. If only it had better schools.

As the demographics change the schools will change

I bet this house had foundation issues…Rand street was notorious…You can see the settlement in the sidewalks.
https://www.redfin.com/CA/San-Mateo/748-Rand-St-94401/home/1606970

Every single house in Contra Costa county has settlement issues. My recently renovated flip has started to settle again even before I was able to put it on the market… :rofl:

Walnut Creek maybe…but not everwhere…Soft silty clay there erodes easily

Orinda, Lafayette, Concord, Pittsburg, and Antioch.

It’s hit or miss.I am a soils engineer. Have Larry Karp look before you buy, he lives in Orinda…

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No need to look at all… the more settlement the better… scare away buyers so you can buy cheaply… :rofl:

But what happens when you sell after fixing up?