Why is Oakland so cheap? (San Jose, San Francisco: foreclosure, condos, credit score)

[bay2bay]

Originally Posted by bobby_guz_man

Hey hey, we don't want any facts here, SF is the best thing since sliced bread, ya heard?!

Seriously though, that article is from 2012. It's been two years now, and if you haven't heard, SF is on its way to having its lowest homicide rate since the 50's. In fact, this is going to THE year that SF will have less homicides than SJ, and by a good amount, too.

I heard that about SF before the 4th of July weekend when they had a rash of killings with 5 dead in just a couple of days. Hopefully they're still on track for their lowest rate.

[jade408]

Originally Posted by LunaticVillage

People pay absurd amounts of money just to live within San Francisco city limits. Yes, SF, as a whole, is more picture-esque than Oakland. SF also has a much better overall perception for crime and safety than Oakland from a clueless outsider's perspective. However, you aren't always getting a better quality of life for spending more money to live in SF. Just down the street from the infamous Sunnydale projects in SF, houses cost half a million dollars.

509 Sunnydale Ave, San Francisco, CA 94134 - Zillow

But Sunnydale in SF is much more dangerous than most places in Oakland.

Chief: SF gangs tearing themselves apart - SFGate

Is paying half a million for a house in one of the worst neighborhoods in SF "better" because its in SF as opposed to a safer cheaper or similarly priced area in Oakland? Hell no. Living in a half a million dollar home in the wrong block in Hunter's Point, Oceanview, Visitacion Valley, the Mission or Potrero Hill in SF, specifically within close proximity to the projects, means you will probably have bullets coming through your windows and be afraid to leave your home at certain times.

There isn't enough money in the universe to get me to live over there. I'll stick with Oakland.

[04kL4nD]

right, which totally explains why people will pay over 3k a month to live in an apartment in JLS.

[Stephen1110]

Originally Posted by 04kL4nD

right, which totally explains why people will pay over 3k a month to live in an apartment in JLS.

or why Oakland is leading the nation in $1 million dollar(or more) home sales.

Luxury Real Estate Experiencing a Rebound

[Hemlock140]

Originally Posted by Stephen1110

or why Oakland is leading the nation in $1 million dollar(or more) home sales.

Luxury Real Estate Experiencing a Rebound

That's not what the article says or chart shows. It's the percentage of growth in sales, and doesn't show the number of sales or say that Oakland is highest. The could have been lowest and improved to 3rd lowest and had that kind of percentage increase.

[LunaticVillage]

Originally Posted by bobby_guz_man

Hey hey, we don't want any facts here, SF is the best thing since sliced bread, ya heard?!

Seriously though, that article is from 2012. It's been two years now, and if you haven't heard, SF is on its way to having its lowest homicide rate since the 50's. In fact, this is going to THE year that SF will have less homicides than SJ, and by a good amount, too.

But Sunnydale is still one of the worst neighborhoods in the entire Bay Area and people get killed there every year. Bullets are always flying around there. Just last month someone got killed in that area.

Murder Victim In Playground Shooting Was A Community Outreach Worker In San Francisco « CBS San Francisco

Hunter's Point also is a lovely crime-free area because it's in San Francisco, right? Wrong. Four murders in one week in one neighborhood is tremendously bad for any inner city area in America. Those are early 90's inner city level murder rate numbers. While much of the worst crime occurs in the projects, themselves, a lot of the scary violent crime spills out into the immediately surrounding neighborhoods with the overpriced houses.

http://blogs.sfweekly.com/thesnitch/...iew_last_n.php

And no, not all of San Francisco is sliced white bread (pun intended). I don't know where you're from originally, but the blighted poorer southern fringes of SF are still very dangerous. San Francisco is very compartmentalized especially when it comes to serious violent crime and as long as the projects are standing in many areas scattered throughout the southern half of the city, there will always be serious street crime and gang violence there. The projects in SF are really, really bad in terms of poverty and crime because SF is a national leader in income inequality. Definitely not worth paying $500K+ for a house right next to the projects there. Who wants to live in an open air shooting range for the price of what you could pay to live in a quiet, clean, virtually crime free upscale neighborhood in a big house with a huge front lawn and a long driveway in the 'burbs?

[JGC97]

Originally Posted by 18Montclair

Perhaps but this is the Bay Area and as far as median home prices, Oakland is actually isnt that much cheaper than San Jose, which is super safe by comparison.

Median Home Price, 4bd, Apr-Jul 2014
San Francisco $1,512,000
San Jose $790,000
Oakland $734,000

Wow, Montclair. Those prices are starting to give me memories of 2006, just before the bottom dropped out.

[Stephen1110]

Originally Posted by Hemlock140

That's not what the article says or chart shows. It's the percentage of growth in sales, and doesn't show the number of sales or say that Oakland is highest. The could have been lowest and improved to 3rd lowest and had that kind of percentage increase.

*clears throat*

The chart shows cities by the highest growth in luxury home sales, in which Oakland is leading the nation.

[calicoastal]

Originally Posted by 18Montclair

Perhaps but this is the Bay Area and as far as median home prices, Oakland is actually isnt that much cheaper than San Jose, which is super safe by comparison.

Median Home Price, 4bd, Apr-Jul 2014
San Francisco $1,512,000
San Jose $790,000
Oakland $734,000

The overall median sale price in Oakland was $465k in June, according to sales data. The overall median sale price in San Jose was $670k, or nearly 50% higher than in Oakland. This is based on sales data from the MLS.

The sale price of 4 bedroom single family houses, the statistic you chose, is highly variable and not representative of the real estate market.

[Stephen1110]

Originally Posted by calicoastal

The overall median sale price in Oakland was $465k in June, according to sales data. The overall median sale price in San Jose was $670k, or nearly 50% higher than in Oakland. This is based on sales data from the MLS.

The sale price of 4 bedroom single family houses, the statistic you chose, is highly variable and not representative of the real estate market.

When looking at (1-4 bedroom) homes, the difference is not much higher.

Median Sales Price, June 2014

1 bedroom
Oakland: $325,000
San Jose: $361,000

2 bedroom
Oakland $420,000
San Jose $475,000

3 bedroom
Oakland $650,000
San Jose $690,000

4 bedroom
Oakland $734,500
San Jose $790,000