All Forum Posts by: Diane G.

Ok, I just did a buyout... Tenant is late 30s and has been there for 7 years... It is a 2/2 in Pac Height...

Tenant lost his roommate in April and could not afford to stay there by himself... instead of moving out, he paid $5k for someone to move in so that he could negotiate a buyout w me....

I ended up paying him $61K....Ugh...

I have set about  7~8 searchs on Ziprealty, and OMG, so many new listings lately... The price/SF is dropping pretty fast too.....I am thinking RE market is REALLY turning the corner now.....

@matt shield - I meant selling price are dropping in my neighborhood... Something sold for $2.5M in Feb 2018 would be listed at $2.2M on the market now... and sitting without an offer....

I used to think it is just high priced area that is seeing price reduction...

What I saw in Phoenix today seems surprising to me...

I thought this is interesting....

Price in my neighborhood has been dropping the last 3-6 months, but yes, those are $2M homes...

Today, I was on Zillow, and saw MANY C class MFH in Phoenix are having price reductions...

Is the entire market turning the corner now? 

San Francisco

Glad I exercised self descpline and did not jump into a Redwood City SFH in late 2017.... I was soooo close... Lol

Glad that I still have dry powder....

Timing is a BIG factor when it comes to RE investing... You need to buy it right on the front end....

@Patrick Mosca - I have 4 rentals in Bay Area, so let me share my view on the market...

As upstairs mentioned, it is always "too expensive" to buy here, but this is around it feels different... It used to feel "too expensvie but still safe", now it feels "too expensive and unsafe to buy"....

You are now paying $2000 a month to rent... if you buy now, I am just guessing, you will be paying $5000 for the same condo that you are currently living in....Why pay $3000 more to hold an asset that is flat at the best, possibly going down?

I can tell you most people that bought since 2018 are likely regreting now, because today price is lower than Jan/Feb/mar already...

And RE is not like stock, that changes direction every day.... With RE, once a trent starts, it takes 3-5 years to run the course....

So be patient...