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by whack
3332 days ago
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> "Real estate in a place like the Bay Area is the best investment because of the location" How do you know this? What you're saying sounds just like all the bankers and mortgage salesmen in 2007 promising that real estate prices will never fall. If you want to bet on SV real estate being the best investment, go ahead. But call it what it is: a speculative bet. For those who would prefer not to speculate on their retirement savings, professionals have already put together very sophisticated calculators that tell you whether it's better to buy-or-rent. Check it out and run the numbers yourself, before trusting uncited blanket recommendations given in a HN comment. http://www.nytimes.com/interactive/business/buy-rent-calcula... |
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All housing went down in the bubble bursts, but bay area still enjoyed nice 7-8% yoy growth so far.
There are couple things that could make it pop badly - like detroit like situation where it goes bankrupt, or the other is tech companies decide to move elsewhere.
I think this is where you should eiversify either way. Buying properties where tech is currently strong is a nice way to diversify
Austin, bay area, ny might be good spots for this.