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Old 07-22-2011, 06:03 PM
 
49 posts, read 101,436 times
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I have two potential job opportunities in the Bay Area, one in Oakland and one is San Jose. Both $125k salary. I've never been, but my sister lives in SF, and everyone says NorCal is the greatest thing since sliced bread. However, I'm stretched pretty thin in CT, I can't imagine the Bay' area is going to be any better. I'd be looking for a 4BR house (doesn't need to be big) in a family friendly community (great schools, parks, low crime) on a budget of about $400k, within a reasonable commuting distance of either Oakland or SJ. Is that feasible, or should I pass?
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Old 07-22-2011, 07:07 PM
 
77 posts, read 169,907 times
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This probably won't happen if you want GREAT schools, but you can find a place with decent schools. To begin, start looking at websites like Remax and look for specific cities to see what houses are going for.
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Old 07-22-2011, 07:37 PM
 
Location: California
2,983 posts, read 2,237,380 times
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So many have asked the same question on these forums about living in the Bay area. What can I say? At the mall the other day I spent $8 for one of those lunches in a styrofom clam plate. Near my table were four people at one table with a similar lunch. After a few bites, they started rotating in another person so that five people ate out of one plate! Many people here bring in extended family members to live in one house to stretch their rent money so there is a way to live here if that is really what you want. Your income sounds pretty good just be sure to adjust your living expectations as well, but, I'm sure you won't have to feed five out of one plate. (amazed at what I saw)

The market is down at this time so you might find a good deal to buy or rent. I would recommend renting until you get a feel for where you fit in. You might also want to consider looking at USGS maps of the area for earthquake fault lines.

Our weather is really great, as is the ocean and geography, most of my neighbors use private schools for their children, and taxes are high. But, within a one block area I have a Costco, Trader Joe's and Whole Foods which you may not find in every neighborhood. May I also suggest you read the San Jose Mercury News online for quakes, traffic, weather, crime, and real estate to get a feel for the area. Oakland has many on going issues so you should also research the crime reporting sites to narrow down a good neighborhood. West San Jose has many reasonable neighborhoods as does Cambell, Saratoga, Los Gatos and Santa Clara. Be sure to spend time here before move too far from home as it is a long way home if the job doesn't work out. Again, read other posts regarding this area and best of luck to you.
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Old 07-22-2011, 08:17 PM
 
106 posts, read 110,694 times
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I would pass, $400,000 won't buy what you want. Or take the job and rent. Real estate may still come down.
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Old 07-22-2011, 08:32 PM
 
49 posts, read 101,436 times
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Just to clarify, I would be looking at the suburbs. Is there a rental market for SFH's? Apartments are out of the question.
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Old 07-22-2011, 10:04 PM
 
Location: In them thar hills
8,044 posts, read 10,039,382 times
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You will probably be in the East Bay if you want a 4BR house on that salary, with a family.
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Old 07-23-2011, 02:41 AM
 
591 posts, read 407,956 times
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Quote:
Originally Posted by sadie123 View Post
I would pass, $400,000 won't buy what you want. Or take the job and rent. Real estate may still come down.
^^^this, folks, a hole-in-the-wall house in Campbell (the poor cousin of Los Gatos-Saratoga) goes for 6-700k.
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Old 07-23-2011, 09:49 AM
 
5 posts, read 5,445 times
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With 400K budget, it's really hard to get SFH as you want.
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Old 07-23-2011, 12:13 PM
 
14,577 posts, read 12,516,326 times
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Quote:
Originally Posted by CT_trackstar View Post
I have two potential job opportunities in the Bay Area, one in Oakland and one is San Jose. Both $125k salary. I've never been, but my sister lives in SF, and everyone says NorCal is the greatest thing since sliced bread. However, I'm stretched pretty thin in CT, I can't imagine the Bay' area is going to be any better. I'd be looking for a 4BR house (doesn't need to be big) in a family friendly community (great schools, parks, low crime) on a budget of about $400k, within a reasonable commuting distance of either Oakland or SJ. Is that feasible, or should I pass?
A half decent 4BR house for 400K is not going to happen here in San Jose?Silicon Valley. You might be able to get that in the inland parts of the East Bay, but even there I'm not so sure.
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Old 07-23-2011, 10:44 PM
 
Location: San Jose, CA
7,762 posts, read 6,822,169 times
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Quote:
Originally Posted by mysticaltyger View Post
A half decent 4BR house for 400K is not going to happen here in San Jose
More like, Gonzales or Hollister.
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