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Who said anything about private school?? The $2k a month is for preschool. Private school is $30-40k a year.
I wouldn't know, I went through the public school system.
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Who said anything about private school?? The $2k a month is for preschool. Private school is $30-40k a year.
We live in SF. Candlestick Cove to be exact. I might have mentioned it before but there’s a neighborhood called Maxwell Park(94619) in Oakland that still somewhat affordable. The problem is there’s very little inventory there right now and it’s very popular for couples looking for a starter home. Check out 4601 Fairbairn Ave. It’s listed at $724k but It’s probably going to sell for closer to $900k-$950k
Maybe a natural disaster? God forbid.I’ve heard so many CEOs say it is a bubble but when are you going to stop using technology in your life?
Only thing I see happening soon is tech moving to other locations more and more.
No didn't bother. I knew many moons ago that there is no such thing as privacy in this day and age.The economy enables what tech does. Did you see Zuck at Congress?
We look at Maxwell Park a lot but man, that area has already been exploited and getting in prices that just don't make sense. Plus he school systems aren't great and I feel we'd move in the long run anyways. I saw that place you listed and yeah, I don't get how a 2 bedroom goes for those prices. My wife and I are actually have some issues with a condo we bought where our appraisal is coming up short of what we offered and we might back out. Is this normal with appraisals in the Bay Area? I can't imagine someone spending $900k for a 2 bedroom in Oakland and getting a loan for that price. I assume they pay the rest in cash?
I am sure this has been asked a million times over but does anyone for see a crash in market anytime soon? I hate buying at this peak of the market knowing that anything can happen.
I think you've mentioned that you were in finance before, right? FP&A and accounting work are always in high demand in tech startups. A lot of these startups are founded by people who have no idea how important the details are, and they always say things like "we'll deal with it later". 2-3 years later, they go to banks/investors for additional loans/funding, and they hire accountants (like me)/financial analysts to prepare their financial statements and update their budgets before they can get additional funds. That's when they realize how @#$@$ up their books have been
I've been in a high transaction volume startup where their bank balance was off by FIFTEEN MILLION dollars. I spent 6 months just going through their bank statements from 2014-2017 and tracking down each expense Thankfully, I was a consultant getting paid hourly at the time, so I had no complaints
Another startup had a controller who was booking estimates for their inventory count/value, and when I got there, I spent 4 months cleaning that up because an auditor from the bank could not match the warehouse count to oru statements.... Sometimes I look at the officers of these companies like "How the hell did you get to where you are now if this is your quality of work?"
The financials of these companies are always in chaos, so if you're willing to put up with that environment and have some experience, you should easily find work.
i remember doing some temp work for a tech company. they would be paying their invoices with credit cards and proceed to pay the same thing twice with a check and all that nonsense i dont even think some of them had proper accounting depts or had anyone handle it when they started their business
That’s exactly what happened to us. We outgrew our place in MP(2/1) in 2 years. Decided to move back to this side of the bay and settled in Daly City/Top of the hill Mission. Had to buy another 2/1 with an unfinished basement because that’s all we could afford with our budget. Thought we had a few years before we needed to do it but WRONG. Wife was going crazy with only 1 bathroom and we were having baby #3 so instead of doing the renovation we decided to move again.
Our place in Candlestick is a 4/3 1800sq ft and I don’t think we’re moving for a long time.
I think a lot of people end up putting more down when the house doesn’t appraise cause they don’t want to lose it. Or they pay all cash and don’t care about appraisals
How big of a place are you looking for? Would you consider living at The Shipyard? Or Original Daly City?
Damn....that is a lot of moving. My wife is so concerned about recouping our money wherever we buy and in paper nothing makes sense unless you pay a home with straight cash. You will always lose money either from the interest on a loan or even HOA. I keep telling her I doubt people are buying right now to invest in real estate because we're at the peak of the market but honestly I wonder if things can get worse than it is, which is why buying real estate for those reasons are such a big gamble.
We are in escrow right now for a 800 square foot studio in Oakland. Our plan was to live there for like 3-5 years with one kid and then move again. We rent in SF with a studio half the size of that so we think we're living in a huge space but I know we will outgrow the studio f ast as well. Realistically, we'd like a home at least over a 1000 sq ft with 3 bed and 2 bath. I saw those Hunter's Point condos but we just don't want an expensive place like that with HOA. The place we currently are getting has a pretty low HOA but the building isn't that great to look at.
Interesting, I am looking to break into Tech on the marketing/finance side after bschool.Marketing is always the last thing tech thinks of and then hires friends they know or kids straight out of b school.
We basically hired Marketing by looking where they went to school.
The global economy is in a bubble right now... since 2008 we have not fixed any of the problems. All we did was inflate the currency and used cheap money to prop up the stock market and the real estate market along with commerce and other facets of economics...
When the global debt is called up, you better have a little stash to cop your houses condos and real estate cuz it'll be dirt cheap when we reset...
It was a lot of moving but well worth it since the market has been so hot. We finally decided that we’re going to sell our place in Maxwell Park. I think we will get 2.5x what we paid for it in a little under 6 years. We sold our Daly City house for a 30% profit in 3 years so real estate has been really good to us.
Any updates on the appraisal of the condo? Are you guys thinking about pulling out of the deal? I do want to ask why not try and get into a 3/2 now? Because if you sell the studio in 3-5 years you’re going to hit for at least $25k for RE agents commission.
Interesting, I am looking to break into Tech on the marketing/finance side after bschool.
Seattle might be the move though, if I am listening right in this thread.
Oh screw amazon! I’m with you on that pm’d.I would personally never work at Amazon, but to each their own.
What school are you attending?
We are in escrow right now for a 800 square foot studio in Oakland.