How To Really Boost the Economy
Here are some Hayward deals under $400,000! These are great for families just starting out, students, or for rental investments. It has been quite a while since we’ve seen any type of housing in the Bay Area getting down below the $400,000 mark. I think when people start buying up these lower priced houses our economy will start picking up, far more than just handing out a few hundred dollars to everyone to go shopping with.
New Listings:
1573 170th Ave. – 2/1 – 1112 sf $349,950
27567 Capri Ave. – 3/2 -1441 sf $399,900
26890 Portsmouth Ave 1128 – 3/2 – 1128 sf $379,000
2052 Sleepy Hollow Ave. – 3/2 -1128 sf $329,900
28441 Thackeray Ave. – 3/1.5 – 1140 sf $399,900
27039 Underwood Ave. – 3/2 – 1153 sf $324,900
27477 Verona Ave. – 3/2 – 1128 sf $319,900
Price Reductions:
1454 170th Ave – 3/2 – 1497 sf $399,000 (was $449,900)
47 Crystal Gate Cmn – 2/1 – 1150 sf $355,000 (was $411,000)
23462 Fuller Ave – 3/1 – 1393 sf $349,000 (was $399,000)
21564 Meekland Ave #18 – 2/1.5 – 953 sf $244,950 (was $265,000)
2549 Oliver Dr – 2/1 – 884 sf $312,000 (was $327,750)
24485 Park St – 3/1 – 1041 sf $339,900 (was $364,900)
794 Sageleaf Ct – 2/1.5 – 896 sf $240,000 (was $260,000)
19029 Waverly Ave – 3/1 – 1182 sf $359,900 (was $370,700)
393 Willow Ave – 2/1 – 840 sf $299,000 (was $389,500)
REAL ESTATE TERMINOLOGY:
Easement – A right, privilege, or interest that one party has to use the land of another; a legal right to use another’s land for one’s benefit or the benefit of one’s property (right-of-way).
Slappy said:
Um…students can afford real estate? I just graduated last May and I can barely afford my rent, help me out with how a college student is supposed to be able to afford to buy?
January 31, 2008 11:50 AM
susan.brady said:
Maybe not students directly, but as an investment by their parents. Back in the “Olden” days when I went to college, my parents almost bought a house for me to live in for the 4 years. An investment for them. If they are paying the rent already, why not add in a few roommates and cover the mortgage. Even if there is a monthly deficit, it would likely be less than the price of an apartment for their student/child. Several of my daughter and son’s friends had parents do this in more recent years. And with the prices falling, it may be worth it.
January 31, 2008 12:03 PM
Sue said:
Some parents are able to invest in housing for their student. I had some college friends who all went in together and purchased a house. But the main point I was making is that prices are coming down quite a bit these days and anyone who can possibly afford it just might consider buying now.
January 31, 2008 4:10 PM
David said:
I could have bought a house in the Laurel in 1997, when I was a grad student, and houses there were going for ~$110K. Oh well.
January 31, 2008 4:27 PM
Sue said:
Yes! I really hate those ’should of’ moments. I’m sure that in 2009 I will think of some of them I ’should of done in 2008′. Darn!
February 1, 2008 7:55 AM
Mike said:
Another opportunity this provides is for small co-op investors. When I was a student my father and several of his coworkers pooled together to buy a property. Each putting in a share so that they could buy what otherwise would have been unattainable for each individually.
February 1, 2008 8:31 AM
Sue said:
Mike,
That is an excellent idea! Another idea along those lines would be a way for some of the bigger companies to offer real estate services as perks to their employees. Perhaps one of those services could include ways to promote/assist employees in obtaining real estate through a savings plan whether individually or as a co-op investment. It is common to be able to set aside tax-free $$ to help pay medical bills. I think housing is just as important.
February 1, 2008 12:29 PM
Susan Kuchinskas said:
Get real, you guys. Did you look at 393 Willow, the cheapest of these? It’s an 825-square-foot shack. Mortgage payment would be about $1400 a month; add insurance, garbage and water, and you’re looking at about $1600 a month. There’s no way you could rent this place for anywhere near that.
And two college kids could probably rent a nice two-bedroom apartment in Hayward for $900 and not have to worry about rats.
These prices still don’t make sense.
February 1, 2008 2:08 PM
Sue said:
Excellent point and while that may all be true I would try talking this place down a few thousand dollars because it has been on the market for over 100 days. And it would be an investment deal where a rental is not an investment at all. And it isn’t about only students, it’s about anyone looking to get their foot in the door on CA real estate. Prices in the Bay Area have never really made sense.
February 2, 2008 1:03 PM