Opinions on East San Jose

[Christopher Chen]

I'm looking at some deals in east san jose but am unsure if this is an area that is going to appreciate as an up and coming or if this is going to get hit harder if there is any sort of recession. I know technically this is all part of Silicon Valley and that google is going to be building a housing complex. I feel like people are actually selling their homes after finding out about that news. 

Irrespective of this, I'm guessing that east san jose isn't as hot because of the neighborhood, and so I'm not competing with people who are looking to raise families. Everyone seems to be worried that prices are going to drop further and so I wanted to see what everyone else thinks, this time with a focus on East San Jose.

[Amit Saini]

Thanks - my general belief is that SFR's are going to continue to become more valuable over time in the Bay Area as the population increases and as rent control continues to hit MFR units and HOA fees become excessive for old condos.

If you're able to get a SFR at a discount from market prices and breakeven after PITI/expenses at minimum, that's a good place to be for a Bay Area SFR investment. If others are panicking and selling, Mr. Buffet says that's the best time to buy :)

Over the course of time, multiple opportunities may present such as converting SFR to duplex (see the slew of bills that are being debated).

I looked at SJ but ended up going Easy Bay (94551) due to affordability.

Good luck & would love to keep in touch.