07-01-2019, 11:26 AM
I am actively thinking of buying my second home for upgrading and good schools. The area where I am looking is a gated and gurded good community with a lot of paid facilities and with a lot of open space which is rare to have in bay area. Prices are expensive but you get what you pay for. Since rates are low and Bay area home prices have slowed down and I am in a position w.r.t my first mortagege where I can afford a second mortagege. Feds are expected to reduce the rates by half a point but as per an article in Bloomberg today, sentiment of economist towards recession next year's stands at 30% compared to 15% last year.
Second option is a new community right in the backyard of Facebook.Scool district isn't good but it's a new development where new homes were selling for 1M 3 years ago, sold for 1.35M 6 months ago and I am getting a deal for 1.2M from the builder. It's all due to Facebook's backyard and development plans facebook have been proposing.
Would love to hear the wisdom of people here.
Second option is a new community right in the backyard of Facebook.Scool district isn't good but it's a new development where new homes were selling for 1M 3 years ago, sold for 1.35M 6 months ago and I am getting a deal for 1.2M from the builder. It's all due to Facebook's backyard and development plans facebook have been proposing.
Would love to hear the wisdom of people here.