[Scott456]

Originally Posted by Ultrarunner

Or large decreases as is happening in many areas of CA...

I can show you block after blocks of homes that sold in the 500k range as late as 2007 in Oakland CA with $8,000 tax bills where the owners walked away and the property resold by the bank as low as 80 to 100k... that's and 80% drop on sales in CA.

I had kept my first home in Oakland that I bought in 1982 for 20k and put another 20k in materials during the time I lived there. I sold the home in 2005 for 255k and within 9 months the family that bought it resold it for 350k and last year the bank sold it for 80k...

Maybe the day will come where I will make the move to Nevada... I really like the area around Minden and Gardnerville... had a great aunt that lived there when I was a child.

You are right in that I am very passionate about the roof over my head... I come from a long line of peasants where owning land is everything. So anything that threatens my home threatens me and my family. Just like most people, I work and pay my taxes and give to charity... the last thing I want to have happen is be in the position where my taxes become such a burden that I can no longer enjoy my home.

I know Oakland is much cheaper than San Francisco, but 80K?...
I wonder what kind of neighborhood that is.

[Ultrarunner]

Originally Posted by Scott456

I know Oakland is much cheaper than San Francisco, but 80K?...
I wonder what kind of neighborhood that is.

Small 1927 home on small lot next to gas station near crime hot spots...

I never had any trouble living there... other than the traffic noise could be a bit much... especially at night when the fire trucks would roar by.

Last I checked... there were over 100 homes in Oakland on the MLS priced under a 100k... mostly smaller in older neighborhoods in East Oakland below 580.

One of my renters was from SF... she commented several times she would love to have found something like this in SF... especially because it was a house with garage!