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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: / Author of the message: Nona |
Title of the message: |
Re: buy a house in bay area
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Text of the message: |
On 19 Jul 2005 23:26:01 -0700, pacman2081@yahoo.com wrote: > >I am a 35 year old software engineer working in San Francisco Bay Area. >I have $250,000 in liquid assets. Does it make sense to purchase a home >for $600,000 to $800,000 in Bay Area ? >thanks >pacman This is my opinion only - but we purchased our first home in Bay Area in 1976. Wanted to purchased another home closer to work and with more land, so we sold that one and purchased our current home in Mountian View. During those 30 years, we have seen minor to moderate (depending on the area) correction every 6-8 years, a big price increase for 3-4 years, flat 1-2 years, 6-15% increase - cycles. Even if you did purchase at high curve, the price will continue to increase if you sit on it for 8 years. Anyway, that's what I've seen these past 30 years here. This is said often, but buy a worst looking home in better areas. Location is so important. . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.