U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California > San Francisco - Oakland
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-04-2016, 04:01 PM
 
5,408 posts, read 2,555,477 times
Reputation: 3950

Advertisements

Wha! I did not predict this accurately. In my 8-9 years living in Oakland, I only went to deep east Oakland once and that was less than a year ago. Once us gays move in - it's all over.

"In the past, many homebuyers wouldn't venture into flatland Oakland neighborhoods east of 66th Avenue and below Interstate 580. Constant news reports about shootings and other violence helped scare away prospective buyers. But now, properties in those areas are sparking bidding wars."

Source: Sizzling housing: Deep East Oakland lures Bay Area homebuyers - EastBayTimes.com
Rate this post positively Reply With Quote Quick reply to this message

 
Old 06-04-2016, 05:42 PM
 
514 posts, read 509,226 times
Reputation: 728
Crazy. I think I would rather live in Richmond, but maybe my views are prejudiced from back when International was East 14th.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-04-2016, 05:50 PM
 
Location: where the good looking people are
3,817 posts, read 3,299,020 times
Reputation: 3284
You can probably find nonsense like this posted in this forum from 2006.

That neighborhood will be the first to tank when the economy goes bust again.

"Buy now or be priced out forever!"
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-04-2016, 06:12 PM
 
5,408 posts, read 2,555,477 times
Reputation: 3950
Quote:
Originally Posted by smashystyle View Post
Crazy. I think I would rather live in Richmond, but maybe my views are prejudiced from back when International was East 14th.
I don't know much about Richmond. I rode my bike up there along the trail that goes along the BART tracks. The section I rode threw was rough and very filthy. Trash everywhere - but that was just one section (maybe the iron triangle???) I know the bay front area is really nice and I'm sure other areas. My concern would be the refineries and the potential health consequences. We have enough of them in Oakland!

Quote:
Originally Posted by WizardOfRadical View Post
You can probably find nonsense like this posted in this forum from 2006.

That neighborhood will be the first to tank when the economy goes bust again.

"Buy now or be priced out forever!"
Are you disputing that people are overbidding on homes in an area that middle class people would never have ventured before due to extreme poverty and violence in this area? I know that homes were selling very high in east oakland and the crash was bad. You need to understand the dynamics of what is going on today and what was occurring back in 2006. Very different. Although, I agree, this will most likely be the first to fall in value. We'll see!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-04-2016, 06:22 PM
 
Location: Springfield, Ohio
13,818 posts, read 12,230,885 times
Reputation: 13753
RIP Oakland
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-04-2016, 07:25 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
35,936 posts, read 65,375,139 times
Reputation: 41340
I remember when my grandparents sold and moved to San Leandro from 88th Ave near Plymouth back in the 1980s after the third burglary (while they were home). I went by there a couple of years ago and it looked just the same, except that every house had bars on the windows and wrought iron fences and gates. Hard to imagine gentrification there.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-04-2016, 07:38 PM
 
4,366 posts, read 3,139,802 times
Reputation: 2465
Quote:
Originally Posted by Oakformonday View Post
I don't know much about Richmond. I rode my bike up there along the trail that goes along the BART tracks. The section I rode threw was rough and very filthy. Trash everywhere - but that was just one section (maybe the iron triangle???) I know the bay front area is really nice and I'm sure other areas. My concern would be the refineries and the potential health consequences. We have enough of them in Oakland!



Are you disputing that people are overbidding on homes in an area that middle class people would never have ventured before due to extreme poverty and violence in this area? I know that homes were selling very high in east oakland and the crash was bad. You need to understand the dynamics of what is going on today and what was occurring back in 2006. Very different. Although, I agree, this will most likely be the first to fall in value. We'll see!
Yes. Our bubble is based on "unicorns" that can't make a profit to save their life. I swear a VC would give a lemonade stand 1 million dollars if the kid said "new paradigm" or "disruptive technology"
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-04-2016, 08:05 PM
 
5,408 posts, read 2,555,477 times
Reputation: 3950
Quote:
Originally Posted by Perma Bear View Post
Yes. Our bubble is based on "unicorns" that can't make a profit to save their life. I swear a VC would give a lemonade stand 1 million dollars if the kid said "new paradigm" or "disruptive technology"
???Not sure how your comment relates to the article. There is no mention of VC money. Aren't you the one that complains about a lack of affordable housing? Here are homes sub 500K. You should be happy, yes?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-04-2016, 08:18 PM
 
1,149 posts, read 1,172,373 times
Reputation: 2025
Nobody remembers what happened in the neighborhoods of Oakland near Berkeley back in 2008?

It was the first area to suffer after the crash hit.

History is going to repeat itself, only in a different area.

The problem with these "hot" places, is that people that don't have the means to buy elsewhere flock there. So, they're already stretched thin.

People who don't have much to begin with, and have with very little equity in a home will just walk away from an underwater mortgage.

With the lowering of lending standards, people moving into once-undesirable areas, return of the 3% down mortgage, and all of the inventory shortages, it's 2006/2007 all over again.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 06-04-2016, 09:59 PM
 
514 posts, read 509,226 times
Reputation: 728
Quote:
Originally Posted by Oakformonday View Post
I don't know much about Richmond. I rode my bike up there along the trail that goes along the BART tracks. The section I rode threw was rough and very filthy. Trash everywhere - but that was just one section (maybe the iron triangle???) I know the bay front area is really nice and I'm sure other areas. My concern would be the refineries and the potential health consequences. We have enough of them in Oakland!
Parts of Richmond are rough and dirty. I'm not surprised that's what you saw on the bike trail. It's not the worst area, but far from the best. I would also be concerned about living too close to the Chevron refinery, which is on the west edge of town.

The Iron Triangle is basically bordered by 580, the Richmond Parkway, and the train tracks that follow Carlson Blvd. You can see the two edges that stand out by train tracks on a map pretty easily. I don't think the Iron Triangle is as dangerous as it was 20 years ago, but it's still a pretty run down area with dilapidated housing stock, etc. Honestly, the only places in Richmond that are similar in crime to Deep East Oakland, in my opinion, are North Richmond (which is not actually part of Richmond, but an unincorporated area west of San Pablo) and the projects. Richmond's violent crime rate is less than half of Oakland's: U.S. crime drops again, but gains uneven in Bay Area - San Francisco Chronicle

I'm not saying Richmond is any great shakes, although there are some nice parts of the city, and other parts that are decent options for relatively low-cost housing. And I would probably choose most of Richmond over Deep East Oakland, but am grateful I don't have to make that choice.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > San Francisco - Oakland
Similar Threads

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top