What happened over last 45 years. You are referring to the latest trend. All that matters is absolute $$. Not percent.
45 years back is completely different from ârecentâ past. To make money one has to be in today/recent past and not hold a view which was good 45 years back.
Today, of course due covid and WFH the new future might change completely too. We will have to wait and see to what degree WFH is adopted.
Not latest. Maybe can be called as recent, if 25 years is recent. New era (internet) for BA started @1990s. So, Iâm referring to past 15-25 years.
% equalizes the base disregarding the number $s in Investment A has vs Investment B for the same timeframe.
History didnât start with the Internet. Tech came here because the BA has been a desirable place to live for 170 years. And since WW2 prices have exceeded the growth of the rest of the country. Tech came Tech can go. The BA will abide.
In RE location is everything and absolute dollars are all that matters. In Redwood City on the Atherton border a new 2/2 condo was $45k and a new Atherton house was $80k 45 years ago. Now that Condo is worth $1m and the house is worth $8m. Buy the best location you can afford and hold forever. All other advice is noise. https://www.zillow.com/homedetails/1458-Hudson-St-APT-105-Redwood-City-CA-94061/15635282_zpid/
Atherton tear down
https://www.redfin.com/CA/Atherton/175-Isabella-Ave-94027/home/1507095
Desirable place to live there are many.
One distinguishing factor why BA Tech innovation flourished is the new Funding system where Banks were hesitant to take risk, i.e. VC. On PBS there is/was a program which shows how that hapenned when people moved from NY to BA and funded new tech companies using the VC model.
Itâs not about the word tech. Itâs about new businesses whose products have high demand, which no other place have and cannot replicate easily.
Hindsight is 20/20, todayâs best location is because of the past. Tomorrowâs best location will be because of the present.
Never bet against America or the BA. It is the mothership of RE investments. And has been since my grandfather bought in the 1930s. As far as the present. Have you noticed all the new BA IPOs like Airbnb minting new millionaires? https://www.google.com/amp/s/www.sfchronicle.com/business/amp/2020-s-IPO-riches-will-benefit-San-Francisco-15793298.php
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Nobody on this thread said bet against America or BA.
Great areas within BA is currently being determined by good employers within reasonable commute. Rest of the areas which are great to stay however bad commute + bad schools are being shunned.
People within Bay Area people are buying houses with reasonable/good commute, good schools and decent neighborhoods.
What was reasonable commute only 10 years back isnât reasonable anymore and so people are making their choices accordingly and voting with their purses, compromising with relatively smaller houses and bad views.
Maybe, but many are leaving including me. For me itâs a retirement thing. I donât need to work. But actually am making more money in the Sacramento MSA than I would in the BA.
Only 3600sq ft lot, train line just across. $181K over asking. Redfin algorithm hasnât caught up with the sold price yet, i.e. Redfin price estimate is $40K lower than sale price.
https://www.redfin.com/CA/Fremont/34343-Tupelo-St-94555/home/906205
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$3M, Listing to Pending in 5 days.
https://www.redfin.com/CA/Fremont/44477-Parkmeadow-Dr-94539/home/1528350
$2.3M very close to freeway 680. Pending to sold in 10 days @$110K over asking .
https://www.redfin.com/CA/Fremont/42780-Caldas-Ct-94539/home/40086852
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Wow, moving the city average up, huh.
I am considering to sell my Fremont home ~1.7M range, but maybe next year. Keep it coming!
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Facebook has signed another large office lease in Fremont.
The social media giant said Tuesday that it has leased 115,000 square feet at 6750 Dumbarton Circle. That follows leases totaling 230,000 square feet at two neighboring locations. The three buildings have room for around 1,500 employees, though they may temporarily house fewer as office-density practices may change due to the pandemic.
The lease, signed in February and publicly confirmed by the company this week, stands as one of the largest in the Bay Area this year, as the coronavirus pandemic brought the commercial real estate market to a virtual standstill.
Fremont has become one of Facebookâs largest office hubs, where it now leases around 1.5 million square feet. In 2018, it leased 750,000 square feet among 14 buildings, also in the Dumbarton Circle area.
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I donât know much about Fremont. Howâs this area? Notice the price seems pretty low for a nearly new built.
https://www.redfin.com/CA/Fremont/3812-Fiano-Cmn-94555/home/108460454
My guess is, the lot size is the negative factor here.
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All new builds have smaller lots. They compensate by being new and shiny. Do you know this area? Maybe a bit too close to the freeways?
Area is good from a perspective of mostly professionally working people living in the area, also good schools, crime I believe is low(although itâs low for entire Fremont). Compared to this neighborhood, Ardenwood elementary in the neighborhood has higher scores, where @Boolean lived earlier I believe, while the middle and high schools are the same.
Freeway yes itâs a negative, also HOA while tiny, some people might prefer to pay that HOA towards interest on a mortgage, which applies to houses in all neighborhoods not just this house.
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Just quickly browsed thru Ardenwood Elementary. No house for sale at all. 
I wouldnât buy this. Iâd prefer an older house on a larger lot. its much easier to build a shiny new house on a larger lot than buy a shiny new house on a small lot. and the larger lot will appreciate faster as there are lot of people who think like me.
So long the area is desirable. The con is property tax would be higher, ok for Primary and in California. Not so wise for rental in Austin, cost more to buy and pay higher property tax while rent is the same as any houses of similar quality structure in the neighborhood.
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Ditto but part of Ardenwood also has houses built in 1980s with 6500-7500 lots. Those are my preference for that area.
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Seems like a good buy if you can get it at list price?
https://www.redfin.com/CA/Fremont/3765-Lake-Ontario-Dr-94555/home/1788164
Zillow rent estimate is 3k. Sounds reasonable?
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