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Old 06-23-2019, 09:11 AM
 
Location: Los Altos Hills, CA
36,659 posts, read 67,526,972 times
Reputation: 21244

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Here is the recent sales info and history of a bungalow in East Oakland. A modest fixer upper in the Laurel district that was last sold in 1972.


my pic

The owner is a widow who is buying a new home in AZ to be near her 2 children who both live in the Phoenix area.

I wonder how common this story is in these parts?
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Old 06-23-2019, 12:13 PM
 
Location: Scottsdale
1,336 posts, read 927,972 times
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Very. I just did that. Sold bay area house, moved to AZ, but not to be near children, but just away from California politics, taxes, traffic, drugs, homelessness, and the list goes on ad nauseum.
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Old 06-23-2019, 03:57 PM
 
1,203 posts, read 836,165 times
Reputation: 1391
Quote:
Originally Posted by veritased View Post
Very. I just did that. Sold bay area house, moved to AZ, but not to be near children, but just away from California politics, taxes, traffic, drugs, homelessness, and the list goes on ad nauseum.
Yep, probably a common theme.

And for those who don't want to move, they're forced out anyway by Liberal AND Conservative policies. The most recent being Obamacare and the Republican Tax bill. They can complete the trifecta by abolishing Prop 13 to force all those people that just want to remain in the neighborhoods the rest of their lives with no concern for house appreciation (they simply want to finish out their years at the communities they consider home).

Last edited by JJonesIII; 06-23-2019 at 04:17 PM..
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Old 06-23-2019, 05:38 PM
 
Location: Scottsdale
1,336 posts, read 927,972 times
Reputation: 1758
True, the SALT deductions did not help~!
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Old 06-23-2019, 05:45 PM
 
1,203 posts, read 836,165 times
Reputation: 1391
Quote:
Originally Posted by veritased View Post
True, the SALT deductions did not help~!
Yep, nice little $4k increase for me. Itemized were down by $9k and remove the personal exemption of $8100. Why people get so caught up in party nonsense is beyond me. They both suck!
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Old 06-23-2019, 09:30 PM
 
Location: San Francisco, CA
258 posts, read 230,138 times
Reputation: 777
$890К? What kind of ghetto is that? Can barely get a small 2-bedroom apartment around here for that.
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Old 06-23-2019, 10:12 PM
 
Location: SF/Mill Valley
8,667 posts, read 3,868,982 times
Reputation: 6003
Quote:
Originally Posted by 18Montclair View Post

The owner is a widow who is buying a new home in AZ to be near her 2 children who both live in the Phoenix area.

I wonder how common this story is in these parts?
Apparently very common in C-D!

Last edited by CorporateCowboy; 06-23-2019 at 10:24 PM..
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Old 06-23-2019, 11:50 PM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,351 posts, read 8,569,440 times
Reputation: 16698
Quote:
Originally Posted by 18Montclair View Post
Here is the recent sales info and history of a bungalow in East Oakland. A modest fixer upper in the Laurel district that was last sold in 1972.


my pic

The owner is a widow who is buying a new home in AZ to be near her 2 children who both live in the Phoenix area.

I wonder how common this story is in these parts?
I think a common problem is while established people are set for housing, their kids often can’t afford to buy close in the same area and/or get a job elsewhere.
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Old 06-24-2019, 10:20 AM
 
Location: San Francisco, CA
1,386 posts, read 1,498,473 times
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Definitely a common theme. Several homes I looked at during my search were owned by people who were retiring out of the area, moving to be near grown children, moving into assisted care, or dead. The rest were being sold by flippers who had bought homes from people doing one of those things. I have sympathy for people forced out of the area and away from family, but for older people who have kids working in literally any other place in the country, I'm glad they're taking advantage of the Bay Area's high housing costs to sell, make a few bucks, and make room for people who are here because this is where the work is.
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Old 06-24-2019, 02:15 PM
 
3,098 posts, read 3,785,557 times
Reputation: 2580
Quote:
Originally Posted by davdaven View Post
Definitely a common theme. Several homes I looked at during my search were owned by people who were retiring out of the area, moving to be near grown children, moving into assisted care, or dead. The rest were being sold by flippers who had bought homes from people doing one of those things. I have sympathy for people forced out of the area and away from family, but for older people who have kids working in literally any other place in the country, I'm glad they're taking advantage of the Bay Area's high housing costs to sell, make a few bucks, and make room for people who are here because this is where the work is.
Not many older home owners are being forced out. A caveat of prop 13 allows homeowners over 55 to sale their homes buy a new home in the same county and transfer your homes base tax value to the new home
Old tax $3000 = new home tax $3000
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