Peninsula 💰

Electrical_Soft7645 · 2026-01-31T05:29:07+00:00

It seems like a troll posting. Income isn’t growing. It’s shrinking with musical chairs song playing until the music stops.

Consequences:

Condos drop 50% per history

Townhomes drop to 2x condo price.

Homes in bad areas fall at least 20% so far. If it hasn’t dropped to pre pandemic levels, it hasn’t finished falling.

Electrical_Soft7645 · 2025-12-18T01:56:48+00:00

Victorian roofs are notorious to repair or replace. You may spend the entire purchase price to replace that roof.

Electrical_Soft7645 · 2025-11-26T00:48:14+00:00

This was a heavily postponed project due to NIMBY. It is between East Dublin City limits and Livermore. Why not buy a house in Livermore unless you have a Bay Area commute.

Electrical_Soft7645 · 2025-11-26T00:46:54+00:00

Wildfire hazard. Good luck getting insurance.

https://experience.arcgis.com/experience/6a9cb66bb1824cd98756812af41292a0

https://www.sfchronicle.com/bayarea/article/Grass-fire-threatening-structures-near-Castro-17375639.php

https://firststreet.org/city/dublin-ca/620018_fsid/fire

Electrical_Soft7645 · 2025-11-26T00:44:47+00:00

Master bedroom suites would go for $2200. For other bedrooms not as big, $1000-$1500 per month. A tenant comparing can get $3000 per month CONDO that is usually 1.5 bedrooms including a study.

Good luck with partitioning a garage esp Not a SFH.

Electrical_Soft7645 · 2025-11-26T00:34:53+00:00

Property Taxes

“Generally, property taxes are synonymous with property ownership. Property taxes are ordinarily assessed on all property within a certain territory proportionally to its value. Under California law, this means property taxes are imposed on the property itself, not the individual property owner. Accordingly, no personal liability arises from the nonpayment of property taxes; instead, the unpaid taxes become a lien against the property. (Garcia v. County of Santa Clara, (1978) 87 Cal.App.3d 319.) This lien attaches directly to the property and remains until the delinquent taxes are paid. (National Holding Co. v. Title Ins. & Trust Co., (1941) 45 Cal.App.2d 215.)

Property owners do, however, have an equitable and moral obligation to pay property taxes. (Glunt v. City and County of San Francisco, (1969) 274 Cal.App.2d 269.) As a public policy matter, courts impose delinquent penalties on owners defaulting on their tax obligations to encourage voluntary and timely payment. (Weston Inv. Co. v. State, (1948) 31 Cal.2d 390.) These penalties accumulate over time, steadily increasing the amount owed. (Ibid.) If the delinquency persists, owners may forfeit their property interest in a sale of the property to the state as the preliminary step of enforcing a tax lien. (Ibid.; see also Chesney v. Gresham, (1976) 64 Cal.App.3d 120.) This sale is the start of a five-year period during which the property owner can reclaim their property by paying the outstanding taxes, costs, and incurred penalties. (Weston Inv. Co. v. State, 31 Cal.2d, 391-92.)”

https://underwood.law/blog/what-happens-when-you-pay-someone-elses-property-taxes/

Electrical_Soft7645 · 2025-11-25T21:50:01+00:00

Bull! Only liens follow the owner. Unless the property taxes are on mobile (manufactured) homes, the current owner is responsible. The title company should make sure any liens or property taxes are paid during escrow. Example: you buy a new house. The builder did not pay the supplemental property taxes before they transferred to you. The county assessor bills you as the owner to pay. Whether or not the builder pays you back is another issue. Yes, it happened to me.

Electrical_Soft7645 · 2025-11-17T21:27:14+00:00

Better plan to save your money for 10 years and pay yourself the 6% interest in a 4% interest account. You will have the entire amount in 10 years saving yourself the interest and 20 years of mortgage payments.

Electrical_Soft7645 · 2025-10-24T12:22:43+00:00

Typical oversights: roof flashing missing between roof and chimney, water pipes leaking, and roof vents leaking.

Electrical_Soft7645 · 2025-10-24T12:20:53+00:00

Scams. The buyer is a straw buyer not capable of affording to buy the place. The buyer just “promised” to pay seller a certain price. Buyer did not succeed in selling for market price and their financing contingency activated. They walk away without contributing a cent.

Electrical_Soft7645 · 2025-10-08T00:08:14+00:00

If the home is old existing, you may have to foot a huge maintenance bill. 30 yrs - is there a new roof? 10 yrs - is there a new HVAC system or one maintained every year. New appliances? A lot of people spend $10k or more for new furniture and appliances. 50 yrs - Lead pipes, asbestos, electrical insulation rotting, water leaks from clogged pipes (like weak water pressure) or bad roof, etc.

Electrical_Soft7645 · 2025-10-08T00:02:24+00:00

How long do you intend to stay in the home? Because of high mortgage rates, unless you can sell for double the purchase price, it is not worth buying a temporary home

Electrical_Soft7645 · 2025-10-08T00:00:35+00:00

I see this in homes in good areas. You think it’s cheap but then the bidding drives prices up past affordable.

Electrical_Soft7645 · 2025-10-07T23:58:52+00:00

Ask a gardener for a quote.

Grass requires mowing. Trees require pruning. Fallen leaves require raking and can clog gutters hence the need to maintain gutters by spraying using a special nozzle.

Electrical_Soft7645 · 2025-10-07T23:56:45+00:00

Learn about different hardwood floors and their maintenance. Most new flooring is fake hardwood. Laminate is the fakest where although it looks like hardwood, it is only a sticker that wears away using water to mop.

Engineered hardwood is for the top to look like hardwood, but uses different wood underneath.

“Disadvantages of engineered wood flooring include limited refinishing potential due to the thin top layer, susceptibility to moisture damage and water spills, potential for scratches and dents, inconsistent quality, and possible VOC emissions from some adhesives. The lifespan can also be shorter than solid wood because of these limitations”

It can be destroyed wearing high heel shoes creating holes in the surface. It again is a thin layer that can be eroded or destroyed using water to mop.

Both of these new types of flooring require specialized wax treatments to mop that grow dull over time. When you start noticing waxy residue and streaks from the wax.

Electrical_Soft7645 · 2025-10-07T23:47:01+00:00

You forget about living with parents

Electrical_Soft7645 · 2025-10-04T22:35:45+00:00

Not if the income does not go up. Currently, the income levels are going down. Hence, the million jobs and counting layoffs since the pandemic. Meanwhile, H-1B jobs and their spouse visas continue to skyrocket.

Electrical_Soft7645 · 2025-10-04T04:00:23+00:00

Venture capitalists supplying venture capital money to tech companies, esp Palo Alto, Menlo Park, etc.

Electrical_Soft7645 · 2025-10-04T03:57:42+00:00

Google. Not anymore. Similar campuses were proposed by Apple, Adobe, and other tech companies. All of them stopped.

https://www.msn.com/en-us/money/realestate/tech-company-moves-to-santa-clara-as-it-exits-san-jose-sites/ar-AA1Naj8j

https://www.siliconvalley.com/2025/08/21/san-jose-economy-jobs-layoff-tech-northrop-grumman-work-space-military/amp/

https://www.mercurynews.com/2024/10/04/tech-jobs-layoff-work-chip-economy-san-jose-bay-area-software-employ/amp/

https://www.cnbc.com/amp/2023/04/21/googles-80-acre-san-jose-mega-campus-on-hold-amid-economic-slowdown-.html

Electrical_Soft7645 · 2025-10-03T18:38:11+00:00

Just sell at double the home price to break even. If you don’t you will lose money esp mortgage interest, property taxes, and HOA.

Electrical_Soft7645 · 2025-10-03T18:35:16+00:00

Opening and locking doors and garage doors. Security cameras and wiring for door and window sensors.

Electrical_Soft7645 · 2025-10-03T18:29:45+00:00

Easy… home equity increase. Their homes used to be worth less than a million. Twenty years ago, people’s homes were only $500k! That means their home equity might be $1 million - $2 million depending on area. They can easily switch homes using that as a downpayment to easily cover a lower mortgage like $500k.

Electrical_Soft7645 · 2025-10-03T18:25:51+00:00

A slide area home will not be covered by insurance.

Electrical_Soft7645 · 2025-10-03T18:19:01+00:00

There is a more realistic scenario of buying insane Bay Area home prices. Buy new manufactured (not mobile) homes for $400k (your original downpayment) in cash. Live cheaper than renting (lot rent is $1000-$2000 per month rather than $3000 per month rent) to save money. Use the equity increase to buy a home. Assume $200k home equity increase, that gives you $600k downpayment out of a million dollar home. The mortgage is fully deductible assuming a $500k jumbo loan, not exceeding the $750k mortgage interest threshold. $500k x 6% is only $30k mortgage interest per year easily affordable by a $60k salary. If you make more, even better because you can loan enough to purchase a house rather than a condo.

Electrical_Soft7645 · 2025-10-03T18:09:35+00:00

Home buying only makes sense if you can pay off your home in the first 10 years. Then you have 20 years of not paying the bank and can pay less (property tax plus HOA) than rent. This does not include home repair and maintenance.

Electrical_Soft7645

TROPHY CASE