Moving to San Bernardino

[twista6002]

Originally Posted by brittanykayy

Nothing good will ever come of San Bernardino. The whole city needs to be bulldozed. Best advice is to stay away.

Lyndon Johnson, Gene Hackman, Ray Crockett, and me!

[matchu313]

I am in the process of buying a house in San Bernardino. The surrounding neighbor seems to be fine. There are some areas near there that we wont be traveling to. The house is off of state st. and the 210. Newer homes on clyde st and 16th. My wife doesn't work and we have a newborn son so we have no need to enter our child in the school district. We plan on selling in about 5 years. Any thoughts on the neighborhood.

[twista6002]

Originally Posted by matchu313

I am in the process of buying a house in San Bernardino. The surrounding neighbor seems to be fine. There are some areas near there that we wont be traveling to. The house is off of state st. and the 210. Newer homes on clyde st and 16th. My wife doesn't work and we have a newborn son so we have no need to enter our child in the school district. We plan on selling in about 5 years. Any thoughts on the neighborhood.

It would be a decent investment considering you plan on re-selling and the housing market can't go anywhere but up. I haven't seen it, but I'm assuming it's a tract home neighborhood. Hope you move out soon because those neighborhoods go downhill fast, especially in San Bernardino where eventually illegal immigrants and meth addicts will outnumber hard-working professionals.

[matchu313]

I have read the posts and understand why people would have a negative viewpoint of SB. I currently live and work in Pasadena so I am willing to sacrifice a lot for my family for the short term. We bid 170k and its being appraised around 153k. I cant image the market going much lower. We are hoping to get 175k in the next 5 years. There is some kind of public housing off of California but luckily for us our house doesnt border any main roads. We are basically going to live there and enjoy the house and venture out of town for everything else. Thanks.

[twista6002]

Originally Posted by matchu313

I have read the posts and understand why people would have a negative viewpoint of SB. I currently live and work in Pasadena so I am willing to sacrifice a lot for my family for the short term. We bid 170k and its being appraised around 153k. I cant image the market going much lower. We are hoping to get 175k in the next 5 years. There is some kind of public housing off of California but luckily for us our house doesnt border any main roads. We are basically going to live there and enjoy the house and venture out of town for everything else. Thanks.

Alright man, I just don't want to be the guy who says "hate to say I told you so".

[Naive Canadian]

Originally Posted by matchu313

I have read the posts and understand why people would have a negative viewpoint of SB. I currently live and work in Pasadena so I am willing to sacrifice a lot for my family for the short term. We bid 170k and its being appraised around 153k. I cant image the market going much lower. We are hoping to get 175k in the next 5 years. There is some kind of public housing off of California but luckily for us our house doesnt border any main roads. We are basically going to live there and enjoy the house and venture out of town for everything else. Thanks.

That's kinda the same sentiment my spouse had (and still has) when she picked up a house for $45K at a foreclosure auction. Can't go anywhere but up. She is also from a big, big town (Beijing, China) and has some "street sense" and didn't get a bad feeling for the particular neighborhood she bought in.

Her acquaintance, who lives in L.A., has picked up no less than 3 homes in SB at bargain prices at auctions. She has no qualms about renting them out and I believe the homes are located in some of the poorest neighborhoods.

After doing some research, and reading negative comments in this forum, I must admit I am not totally enthusiastic about SB. However, my spouse has proved me wrong in the past and does well with investments.

Well, at least we won't be living there and it is strictly an investment. And I'll think long and hard before I rent it out to anyone.

Good luck with your new home. Sounds like a half decent neighborhood. Probably was a good plan to get in while the market is low.

Maybe I will have a different perspective when I actually go to SB myself.