3 ms·
In the Bay Area, buying whatever property, doing nothing with it, and selling after a few years has been a very profitable strategy. Will it continue to be so f
by tasuki 8y ago
In the Bay Area, buying whatever property, doing nothing with it, and selling after a few years has been a very profitable strategy. Will it continue to be so from now on?
- apathy 8y agoI thought it would tank in 2001, then again in 2008, and yet again in the current bubble. It seems like the environs get hit, but SF and SV itself seem to be immune. Los Angeles (where we were) is a bit more volatile (ie it actually goes down now and then). If I had bought property in the Bay Area in, say, 1999-2000, I’m quite certain I’d be more willing to put up with tenant bullshit in exchange for nearly endless appreciation. YMMV!