thanks to everyone for taking the time to contribute.
to answer questions.
1. planning to buy in Belmont, San Carlos, and possibly only North Redwood City. I bike to work and don’t want to live too far. I know that East Bay will double my purchasing power but this is not an option. We accept that Peninsula will give less house for money but we like living close to work.
2. Price range is $800K-1000K. Fixer upper is undesirable as we are nitwits when it comes to that. As mentioned above, no HMB or pacifica – hate driving/traffic. We can wait since we are not bound by school year requirements (no kids) but we don’t want to wait only to find out that prices have gone up 20%.
agreed that the vast open lands will NEVER be developed. NIMBY is strong here, esp among the Woodside super weathy folks.
Any open house we went to was swamped with middle aged folks with children in tow. This makes me think buying frenzy is about to begin.
Better to wait but then local news about all these wealthy Facebook employees makes me want to bite the bullet and buy.[/quote]
Bobby, you are among the very fortunate to be working in SM Co and being able to bike to work. IMO, your area of choice has a VERY high quality of life! My previous advice still applies here, with a couple of changes. Based upon your given price range, you will have more choices above a small 3/1 or 3/2. If you are not handy, buy only on a flat lot (w/o slopes to tend properly and deck footers/retaining walls to worry about).
Don’t worry about the “competition” or what time of year it is. Just continue looking until you find something that will fit your needs within biking distance and then do not waste time in making an offer.
