07-01-2019, 10:44 PM
(07-01-2019, 10:28 PM)fenders53 Wrote: IMO rental property is an investment. I suppose if you intend to flip it at a higher price some year soon it could be an investment.This isn't abnormal for Bay area properties. 1M is start for a townhome in good communities and 1.1M+ for single fam homes with few extra miles of drive.
Some risk in that plan of course. Other than that you have to wait until you downsize later in life to realize any gain. I'm not an expert on Bay Area property but that price you quoted is terrifying to me.
