Housing is expensive in the bay area…Nationwide, housing has dropped %16, but in san francisco, its only dropped %2. So what does that mean? Maybe we gotta pay these nasty house prices even though the market is crap right now. Genese and I have just begun our search for a home, as this blip of a window of an opportunity may be too good to pass up. Just recently, we went down to LA and looked at some condos selling for $640,000. The same condo now is down to $450,000.
Weve gotten a quick preapproval for a home loan, and were gonna look around the South San Francisco area for pre-foreclosures…Hopefully with these pre-foreclosures, we will get about 20%-40% off the market value for the house, and were looking for something in the range of $500k-$600k. But we will see. Wish us luck!
