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Updated about 5 years ago on . Most recent reply
Investing in SF Bay Area
I own one rental property in the East Bay which has had a lot of appreciation in the last 5 years, and I am interested in trying to find another to hold long term. My budget is around 400K and I can't find anything that would have a positive cash flow. The market here seems to be cooling off some so I am wondering if prices will decrease over the next year or two and if now is a good time to buy or if I should wait. I would also consider the Sacramento area but I am less familiar with it.I've yet to find one with much knowledge in this area. Thanks for any help or suggestions!
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Home values in California held or went up 4 of the last 5 recessions, and the years 1929 and 2008 were 79 years apart. You might be waiting a while. There's a wealth of information from folks on these forums that have been killing it, buying regardless of market cycles.
Here's a particularly good podcast episode, all about Oakland ->
https://anchor.fm/sean-pan/episodes/33---Why-Investing-in-Your-Backyard-is-the-Best-Strategy-with-Saj-Shah-e3d249?fbclid=IwAR0eZ-wL-Plb00UjP_NIYQ4eSUn-gC26J60yrcKtPSqqOF1qgBHPnX_sjgg
Here's a blog post form an appraiser up in Sacramento ->
https://sacramentoappraisalblog.com/2019/09/05/the-coming-recession-the-housing-market/