[quote=flu] . . . The issue is that in bay area is that unlike in san diego, the suburb is no longer affordable and there really is a shortage of housing…For example a 4/2.5 in sunnyvale rents for about $3k/month and the place is a dump and there’s no problem finding a tenant. Your theory would be supported if there was a mass vacancy in the burbs like sunnyvalue/mountainview/palo alto/and every place up the 101 corridor. And that isn’t the case, with the exception of east palo alto and parts of east bay…but that’s obvious because those parts have been coined “ghetto”, rightfully or wrong…
Signed,
Dumpy landlord.[/quote]
flu, from your post, it sounds like you would advocate spending $450K+ for that “dumpy” late ’40’s 3/1 in Millbrae on a postage-stamp lot with a 1.5 car garage, no?? Perhaps you could even score it for $385K for all cash and do a little “wknd fixup” to ready it for tenants! Do you think the rental numbers are looking good enough in SV to invest in SFR’s or duplexes there, due to a housing shortage? Are you an SV landlord at present? If so, how has your cash flow been??
Thanks for any help. I’m very interested in SM Co, and, to a lesser extent, SC Co for retirement and/or investment purposes. Not sure yet if I want to be part of the year mtns and part of the year city but will make that decision in the next two years :=]
