Comments on: As Home Prices Nosedive, the (Brit to Brit) Advice is “Head East”

By: David

David — Thu, 04 Sep 2008 19:45:44 +0000

She should rent. FYI. Credit Suisse agrees that we’re about 2/3 to 3/4 of the way through the price declines nationwide, and the bottom will be here around late 2009-early 2011.

Rent for a year or two, decide on her ‘hood, and buy at the bottom.

By: Does Blogging Make Things Worse? | Redfin San Francisco Sweet Digs

Does Blogging Make Things Worse? | Redfin San Francisco Sweet Digs — Thu, 04 Sep 2008 06:59:38 +0000

[...] prices in San Leandro make those homes more accessible to first-time buyer families. Similarly, Tracey Taylor’s latest advises a London transplant with $500K to spend to seek housing in the East Bay instead of San [...]

By: tracey.taylor

tracey.taylor — Thu, 04 Sep 2008 00:38:20 +0000

Colin (and fellow Brit): I think your advice is sound for if you skip to the last comment on the Socket Site post, London Girl reports that “After much discussion we have decided to rent, for a couple of months…So I’m looking forward to being able to find a cute place in a nice part of town… Most likely Russian Hill, Pacific Heights, Noe Valley, Hayes Valley…”

Now the interesting question is how much a “cute place” in Pacific Heights will set her back rent-wise. And, unless she’s planning on winning the lottery, she might not want to get too cozy there for $500K won’t stretch far to buy into that neighborhood.

By: Colin

Colin — Wed, 03 Sep 2008 20:23:57 +0000

More Brit to Brit advice – she should rent for a while…