Housing Market- Bay area - need DB folks expert guidance

[bujjibulli]

Hi all AD Folks !! Expert advice in bay area real estate. Too much competition aiepoindhe in bayarea and people are quoting 100k plus on listing price. 

Im looking for single-family homes in Mountain house, Livermore, Lathrop etc. 

Na first preference Mountain house bro but too much demand aiepoindhe in that location, for eg: there is wait list of 390 people for 15 houses- Legacy community. Too much competition.

Here are some specs on looking for MH and lathrop.

1. Main reason to buy a house in mountan house and Lathrop is to build equity than paying Huge rent in bay area. 
2. Im still single and might get married mid-next year, so not worried about school zone at-least for another 6yrs. Also Lathrop is not great school zone, Ill build equity on this home and sell it when kids reach school age (if school zones are bad).
3. Currently Paying around 1750$ in Rent in bay area, so additional 1500$ more on home interest/mortgage might not hurt my pocket hugely. I might need to cut short my fun-expenses and travel
4. Since my housemates are all WFH, I might get a chance to rent other rooms for a resonable price and save on mortgage atleast for few months and also they can save on rent.

This was my idea let it be in Mountain house or Lathrop. Only consideration is budget and not planning to hit above 740K.

help please annayilu and ammayilu

[Picheshwar]

1 hour ago, bujjibulli said:

Hi all AD Folks !! Expert advice in bay area real estate. Too much competition aiepoindhe in bayarea and people are quoting 100k plus on listing price. 

Im looking for single-family homes in Mountain house, Livermore, Lathrop etc. 

Na first preference Mountain house bro but too much demand aiepoindhe in that location, for eg: there is wait list of 390 people for 15 houses- Legacy community. Too much competition.

Here are some specs on looking for MH and lathrop.

1. Main reason to buy a house in mountan house and Lathrop is to build equity than paying Huge rent in bay area. 
2. Im still single and might get married mid-next year, so not worried about school zone at-least for another 6yrs. Also Lathrop is not great school zone, Ill build equity on this home and sell it when kids reach school age (if school zones are bad).
3. Currently Paying around 1750$ in Rent in bay area, so additional 1500$ more on home interest/mortgage might not hurt my pocket hugely. I might need to cut short my fun-expenses and travel
4. Since my housemates are all WFH, I might get a chance to rent other rooms for a resonable price and save on mortgage atleast for few months and also they can save on rent.

This was my idea let it be in Mountain house or Lathrop. Only consideration is budget and not planning to hit above 740K.

help please annayilu and ammayilu

4th point. MH, Lathrop lo rent ante 🤔

[MiryalgudaMaruthiRao]

Check Brentwood, Discovery Bay

[MiryalgudaMaruthiRao]

I bought in Brentwood

luv da MH

[manadonga]

Tracy lo kuda houses full antaga 

[Picheshwar]

Just now, MiryalgudaMaruthiRao said:

I bought in Brentwood

luv da MH

Me Manteca

[MiryalgudaMaruthiRao]

1 minute ago, manadonga said:

Tracy lo kuda houses full antaga 

yes

[manadonga]

2 minutes ago, MiryalgudaMaruthiRao said:

yes

Poddune fb lo updates chusa friends vi 

he works in sunnyvale bought home in tracy 

[jambalhaatraja]

Research on 28%/36% rule, you shouldn't spend

more than 28% of your gross income on home-related costs and

36% on total debts, including your mortgage, credit cards and other loans like auto and student loans.

10 K gross income aite 2800 mortgage and 3600 on all other debts including mortgage

Dont buy homes just bcoz others are buying. Many donno why they are buying . Its just FOMO

Rich house with low down is paying for lender employee salaries . You will get chippa to hand