Jason Voorhees
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- May 15, 2020
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One popular trend I've noticed is many people opting for fixer upper homes
For people looking to buy a home and settle in bay area. There's a problem. Shit is just way too absurdly expensive and unlike in cities like in London or NYC where commuting from suburbs can be done, it doesn't work like that in
The entire Bay Area from San Jose to Fremont to Pleasanton is part of the same tech corridor. The average homes goes for like 3 million dollars and even in suburbs most of them have million dollar starter homes and sky high property taxes. You're not escaping the cost by moving 30 miles like in other places. Unless you are one of those insane niggas who is okay with commuting two different counties.
So what I've seen many people doing is moving to these fixer upper homes which means houses that needs significant repairs.
The worst house in a good neighborhood. Outdated interiors, poor layout, busted HVAC, cosmetic damage etc. Basically signing up for living in a semi construction site for the next several months or sometimes even years. But if can be had for significantly less. Land value >> structure value.
Would you buy a house like this that needs significant repairs and renovation? Also keep in mind the labour costs especially in a place in California is insanely high. If things go sideways you are kinda fucked. You are also largely on your own because there is no builder warranty and no support.
For people looking to buy a home and settle in bay area. There's a problem. Shit is just way too absurdly expensive and unlike in cities like in London or NYC where commuting from suburbs can be done, it doesn't work like that in
The entire Bay Area from San Jose to Fremont to Pleasanton is part of the same tech corridor. The average homes goes for like 3 million dollars and even in suburbs most of them have million dollar starter homes and sky high property taxes. You're not escaping the cost by moving 30 miles like in other places. Unless you are one of those insane niggas who is okay with commuting two different counties.
So what I've seen many people doing is moving to these fixer upper homes which means houses that needs significant repairs.
The worst house in a good neighborhood. Outdated interiors, poor layout, busted HVAC, cosmetic damage etc. Basically signing up for living in a semi construction site for the next several months or sometimes even years. But if can be had for significantly less. Land value >> structure value.
Would you buy a house like this that needs significant repairs and renovation? Also keep in mind the labour costs especially in a place in California is insanely high. If things go sideways you are kinda fucked. You are also largely on your own because there is no builder warranty and no support.
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