What is your predictions for 2015 in Nor California Esp Bay Area/Sacramento
Hi BP Family,
Since we have seen a incline in our prices rapidly I'd say from 2011 it's now 2015 how long do you guys think this will last? I bought a property in the Bay Area in Jan 2011 for $179k there is a flip property a few doors down that just sold for $560k. I'd like to know every ones thoughts if they do not mind sharing. Let's look at economic factors, interest rates, the CRAZY TECH BOOM (Every third start up is being funded millions of dollars just in Alpha or beta stages)..... We've seen prices jump in SF, SJ and Palo Alto side that people are willing to move into Oakland. Some areas in Oakland are selling for $100k over list price. Do you think this will sustain or crash after elections? Do you guys think it's a safe time to be flipping or doing buy/holds? Even if you buy at .70cents ARV with today's comps and lock in a 30yr fixed at 4% do you think that's a safe investment or will we see another 2000 or 2009 in 2017? Thanks BP FAMILY!!