Hi all,
Thanks so much for the awesome discussion in this thread!
I'm a newbie thinking of starting house-hacking in the bay area. I've been looking at some duplexes near downtown San Jose and was shocked by the high demand.
Two questions to the more experienced investors here:
1. The announcement of Google campus seems to have sent prices in the area up ~10% in the past three months. Is this area still a good investment opportunity at these levels for house hacking, especially given the consensus that a correction is coming in the next 12-18 months?
2. What do you think the impact of foreign investors (especially Chinese investors) on the bay area RE during this coming recession/correction? I've heard more and more cash buyers from China are seeking safe heaven in the bay area because of the Chinese housing bubble and the 2015/2016 Chinese stock market crash. The thesis following, of course, is that these investors will keep demands and prices high even in a recession/correction.
Would love to hear your thoughts!