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This is typically only a problem for first time home buyers. If you already own a home in the bay area for more than a few years, you will have a significate am
by tnt128 10y ago
This is typically only a problem for first time home buyers. If you already own a home in the bay area for more than a few years, you will have a significate amount of equity that will allow you to move up in more expensive area with a larger downpayment and a similar monthly payment.
So try buy a home in the less expensive area first.
- stbtrax 10y agohow does that work? as your property appreciates so would the one in the more expensive area
- throwaway40483 10y agoExactly. Rising house prices are only a plus if you plan on selling and move outside the bay area.