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Old 10-12-2016, 10:18 AM
 
372 posts, read 514,133 times
Reputation: 399

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Vacancy decontrol is state law (Costa Hawkins), so good luck eliminating that.
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Old 10-12-2016, 11:33 AM
 
28,115 posts, read 63,680,034 times
Reputation: 23268
Yes for now...

But when the city attorney publicly comes out and says Costa Hawkins must go...

Just like when the city passes an emergency rent increase moratorium this year or when it implemented Just Cause a few years back...

Here is the link... can't make this stuff up.

Commentary: Rent control laws must be changed
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Old 10-14-2016, 03:04 PM
 
Location: Palo Alto, CA
901 posts, read 1,168,376 times
Reputation: 1169
I disagree re: proximity to SF; it's proximity to high paying jobs that is the factor. So depending on the location you choose, that could be in either place.

People who bought in iffy areas near Apple have done as well as almost anyone.
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Old 10-18-2016, 07:00 PM
 
Location: Mendocino, CA
857 posts, read 959,685 times
Reputation: 573
i would be embarrassed to let people know i live in Oakland
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Old 10-18-2016, 09:14 PM
 
Location: Sequoia Heights, Oakland, CA
406 posts, read 288,612 times
Reputation: 416
Quote:
Originally Posted by rhbj03 View Post
i would be embarrassed to let people know i live in Oakland
Cool. Most people aren't.
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Old 10-18-2016, 10:28 PM
 
Location: Oakland, CA
28,226 posts, read 36,883,248 times
Reputation: 28563
Quote:
Originally Posted by rhbj03 View Post
i would be embarrassed to let people know i live in Oakland
It's horrible. No one should live in Oakland ever.
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Old 10-18-2016, 11:40 PM
 
Location: Mendocino, CA
857 posts, read 959,685 times
Reputation: 573
Most people are not as PI. But OPs investment question needs investment based feedback. compared to sf and sj, Oakland is last to rise, first to decline. not a good investment target.
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Old 10-19-2016, 06:01 PM
 
Location: SF Bay Area
153 posts, read 153,914 times
Reputation: 173
Quote:
Originally Posted by rhbj03 View Post
Most people are not as PI. But OPs investment question needs investment based feedback. compared to sf and sj, Oakland is last to rise, first to decline. not a good investment target.
Do you think that will still be true now that it has gentrified? The schools are still way behind so maybe.

East bay is not really a high end job center, but it does have easy access to various forms of transportation to SF and SJ.

If the big one hits before a bubble EB and SF will be hardest hit physically from what I can tell.
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Old 10-20-2016, 12:44 PM
 
3,098 posts, read 3,786,132 times
Reputation: 2580
Quote:
Originally Posted by rhbj03 View Post
Most people are not as PI. But OPs investment question needs investment based feedback. compared to sf and sj, Oakland is last to rise, first to decline. not a good investment target.
Bay Area urban core walkable neighborhoods with public transportation options destination restaurants, specialty shops ,farmers markets and entertainment Have been an excellent investment. In Oakland the rockridge area had a home sale for $2.5 million plus while in crockerhighland/trestle glen a buyer paid $2.3 million cash for a home and another paid $700,000 over asking for a home. These homes sold for around $400,000 20 years ago.People priced out of these areas have gentrified Temescal were homes sell regularly for over $1 million.
people who bought in rockridge or crockerhighlands 15-20 years ago have done exceptionally well.
It's possible that temescal buyers from 7 years ago may do as well

Last edited by ssmaster; 10-20-2016 at 12:55 PM..
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Old 10-24-2016, 12:54 AM
 
28,115 posts, read 63,680,034 times
Reputation: 23268
There were plenty of East Oakland homes in the 100k range as recent as 4 years ago... I had posted about them before...

Many of these homes are now pushing 300K

My experience is home drop more in bad times historically... but they then have tremendous upscale potential...
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