Is it a good time right now to buy real estate in East Bay?

jay spec · 07-31-2008, 10:37 AM

east bay is too general.

location, location, location

white_w203 · 08-01-2008, 01:44 AM

yes it is good. it is definitely a buyer's market everything is cheaper from houses to cars. its just more difficult to get approved that's all. but property is always good. you want to own things that appreciate and lease/rent things that depreciate

StrifeM3 · 08-01-2008, 09:43 AM

I would still wait, Im still believing it gonna get worse before better as in maybe 5 to 6 months the propery could lose 30 - 50k depending what area you are in but still i see values going down more...

droptop335 · 08-01-2008, 10:47 AM

Quote:

Originally Posted by jay spec

east bay is too general.

location, location, location

Correct-amundo...I live near downtown Pleasanton, and my house has gone up in value by 10% in the 2 years I've owned it. Just a few blocks away (outside the core downtown area), the houses have declined by 10-15% in the same time frame.

07-31-2008, 10:37 AM	#2
jay spec _________________ 55 Rep 3,585 Posts Drives: a 7-seater Join Date: Dec 2007 Location: SF Bay Area, CA iTrader: (0)	east bay is too general. location, location, location __________________
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08-01-2008, 01:44 AM	#3
white_w203 SF KREW 6 Rep 121 Posts Drives: '05 Kleemann C20K Join Date: Jan 2007 Location: Bay Area 415+510=925 iTrader: (3)	yes it is good. it is definitely a buyer's market everything is cheaper from houses to cars. its just more difficult to get approved that's all. but property is always good. you want to own things that appreciate and lease/rent things that depreciate
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08-01-2008, 09:43 AM	#4
StrifeM3 Colonel 99 Rep 2,991 Posts Drives: 13E92 MCB M3 18 F80M3 Atlantis Join Date: Feb 2008 Location: Irvine/Walnut iTrader: (16) Garage List 2018 BMW M3 [0.00] 2013 BMW [0.00]	purchase I would still wait, Im still believing it gonna get worse before better as in maybe 5 to 6 months the propery could lose 30 - 50k depending what area you are in but still i see values going down more...
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