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Originally Posted by LegendaryLars
 nice good tips.. In santa cruz I have always ahd to buy stuff ata rageing 12-15 times monthly rent.. today you can not find anything with better than 10.. meaning nothing is worth buying here.. And I dont want to move and I like to be a little hands on on the properties.. Thats prolly cost me some money over the years. |
yes, i made my first big money in SF bay area real estate in the late 70's and 80's. i understand what you are talking about.
the problem with the bay area (and many other highly gentrified areas in the usa) is that rental values do not support mortgages and other landlord costs so the carrying costs are too high, and the leverage is not good.
add to that a semi-socialist mindset on the part of the general electorate (rent control issues fucked up berkeley for me big-time) and you will see a MUCH greater ROI is areas like kansas, indiana, SD, MN, MI, WI, etc etc.
good luck to you, SC is a great town, but i will never pay a cool million to live next to a bunch of jigs or pot smoking renters. that's the prob with the bay area---it's a quality of life issue.