[d136o]

We bought at pretty much the rock bottom of 2020/2021 interest rates (nothing like wiring away your hard earned money on the very same day when the US capitol was being overrun and the government seemed just about to topple…)

We had to work hard to avoid areas in SF that had been overbid. We didn’t find a bargain but we found a good deal, something that the prior owners needed to let go off but which wasn’t in a super popular area. This was in a hot market. So I think in the coming market you will find good opportunities.

So, as I obsess over listings today pondering if there might be an opportunity… I think that there will be good deals to be had, but not necessarily steals. In the Bay Area, people trip over themselves to live in a few neighborhoods so I think prices in those highly sought after areas won’t reach absolute bargain levels.

But If you are prepared and ready to step in you can already find properties that I think are marked down.

I’ve been watching closely dreaming of a place for our parents, or maybe more space for us, or maybe a rental…

Great SNL skit: https://youtu.be/yEfsaXDX0UQ

[acquacow]

> SF...good deal..

There are no good deals in SF, those are probably the worst deals you can find in the country at any point in time.

[d136o]

Ultimately you have to live somewhere and people don’t choose to live in the cheapest place “in the country at any point in time.”

At the time we bought we found a house that gave us more space than the apartment we rented previously and where our newly arrived daughter could spend her first few years. It’s not one of the trendy neighborhoods and yet it’s close to downtown SF and the peninsula, where we work. We can afford it on one income. All those factors made it a good deal for us. I feel ok about it so far, but I’m certainly open to the possibility that there are better options.

[wewtyflakes]

I have not found that to be true unless you are looking for a standalone single family home. If you are looking at condos, SF has had good deals during the pandemic as that particular market segment has been hammered.