New home or old homes in the East Bay?
Hi. I currently own a residence in San Jose, Ca. I finished my garage conversion ADU 1 1/2 year ago and renting it out. Got approved for another loan. Aiming to buy the end of this year and targeting East Bay. Been researching but I am more inclined in new homes. Goal is buy and hold long term. I have no plans in retiring soon. I will work as long as I am physically able to so cash flow is not my priority. Looking more at appreciation play. Are buying new homes better? Here in San Jose, it is a bidding war and people pay way more than the listing price. Would it be like this in the East Bay? Because if it is, I would rather buy a new home. Thoughts?
Thanks in advance.