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Reply to "What $800k in Silicon Valley looks like"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] There is Morgan Hill and Gilroy but Morgan Hill's market is more like McLean not exactly cheap. You get more house for your money but you are still in the 900-1.2M range. East San Jose is cheaper but this area is downright dangerous with real gang activity. . [/quote] I used to live on the Peninsula, about 6 years ago. I thought maybe San Bruno and Gilroy would be more affordable these days, but nope. I looked on redfin, and even those areas are super expensive - over $1mil. Who the heck thought that the garlic capital of the world and foggy San Bruno would become so expensive. Crazy. My coworkers there are basically slaves to their mortgages.[/quote] My family is from SF, my parents fled in the 1980s and the rest of the extended family came south in the 1990s. It's CRAZY how much our old family properties have increased in value. My great aunt died in the mid 90s. I remember we sold her small SFH in South San Franciso for like $200K. That 'hood is now around $1m for her old 3BR/1BA house. Similarly, I remember my grandmother's GORGEOUS home in Lafayette. It was built into the side of the hill and that entire town is just enmeshed perfectly with nature. They sold it for, I think $600K around 2000 and now the home is worth north of $2.3m. That's crazy. Still, I think this home in Daly City is a solid deal: https://www.redfin.com/CA/Daly-City/72-Oceanside-Dr-94015/home/1043482 We live in Burleith NW DC in a small SFH that costs roughly same. It blows my mind that I'd probably have to take a 90 minute one-way commute to keep my housing cost the same in the Bay Area.[/quote]
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