This billboard says it all about San Francisco real estate...

[Ryder Meehan]

Just saw this near my office at Oak/Franklin, it's a bit crushing and makes me dig my heels in deeper to my rent controlled apartment... while continuing to invest in places like Texas, Florida, Ohio, and Wisconsin.

There is certainly money to be made in the Bay Area real estate market but these are high stakes and cashflow is inconceivable at this point.  This $712K 1/1 would probably rent for around $3,600.

I've been glad to invest in number of flips and developments in the East Bay that worked out quite nicely, but just out of curiousity is anyone successfully buying for cashflow in SF these days?

[Michelle Harris]

Originally posted by @Chris Mason:

Originally posted by @Ryder Meehan:

There is certainly money to be made in the Bay Area real estate market

 Ironically, not if you use Unison. There's a reason they advertise in high appreciation markets. It's pretty transparently an equity/appreciation harvesting scheme. The term for a mortgage wherein you owe more and more each month is "negative amortization," but they are effectively illegal now. So basically they just found a way to call it "not a mortgage." 

Thank you for the information, I have been solicited by Point and Unison, to access my home equity.  I was thinking these might be a decent deal for me - they claim these "loans" can be repaid at any time, and I am not expecting any meaningful appreciation in my (Silicon Valley) places for a few years.  There is almost no fine print on these websites.