Friday, June 09, 2017

Leaving the Bay Area for the Pacific Northwest

Being in the Bay Area is extremely hard if you're not successful. If you are successful, and you happen to like good creativity, urban streetscapes, cultural diversity, nightlife, proximity to nature, physical activity, recreation, and great weather. There isn't any huge difference between the Bay Area for the Pacific Northwest other than one being slightly less expensive. So it's not a huge surprise that people run into the same problems. I'd be more interested to hear from people who have moved to a completely different part of the country like Utah or North Carolina.

Tori Sepand, 23, discovered that the grass really is literally greener in the Pacific Northwest for a reason. Rain. I'm used to sunshine," said Sepand, an East Bay native who moved to Seattle in 2015. "What I didn't expect is how much the weather would affect my overall happiness.

This is except from SFGATE story exploring how people's lives change after leaving the Bay Area.

In my opinion we have it better here in the Bay Area, period. And it's not just a greater job pool, amazing weather, better food, and California sunshine. There is an attitude in California unlike anywhere else in the US. It is that attitude of opportunity we in California are the last meritocracy left in the US. You leave Bay Area, and it's not what you know, it's who you know.

Tuesday, May 30, 2017

The supply and demand of Bay Area housing

High Tech is a blessing and a curse. The high incomes and lack of housing have made the San Francisco Bay Area an unaffordable. The housing and traffic can be diffused in Silicon Valley if the high tech companies provide telecommuting, where a worker can do job from anywhere. A disruption in this area is much needed!

Silicon Valley – the world’s leading innovation region – is seeing many warning signs that our continued success is not a given. Other U.S. tech hubs are competitively pursuing our region’s jobs and skilled workers – and local companies themselves feel the strain of growing their businesses in one of the world’s most expensive labor and housing markets. Last month, Zapier, a tech company based in Silicon Valley, started offering new hires $10,000 to help them “delocate” from the Bay Area, ostensibly to move somewhere more affordable.

Sunday, May 21, 2017

Centerra apartments occupancy rates

The Centerra apartments in downtown San Jose recently published the advertisement in Mercury News or may be it was just an article, but I still got an impression it was the advertisement. Anyway according to the article

occupancy rates are high — approaching 95 percent at Centerra, where most tenants are in their mid-20s to early 40s and work in tech. They pay between $2,500 and $3,780 monthly for apartments that come with hotel-style amenities including a full gym, heated swimming pool, and barbecue zone.

In the same time Centerra offers right now "UP TO 6 WEEKS FREE ON SELECT UNITS PLUS A $500 LOOK AND LEASE SPECIAL!". How is that possible if you have 95 percent occupancy rate. Why would you offer 6 weeks free rent in Centerra aparments, if you rented almost all units.

Another interesting is an apartment layouts. Loot at one bedroom, one bathroom apartments that high tech employee could rent for $2,209 per month. Do you notice something strange?

centerra san jose

It is my understanding that under California tenants law, a rental apartment can be tagged as uninhabitable if it doesn't have windows that can open and a certain amount of natural light.

Natural lighting in every room through windows or skylights. Windows in each room must be able to open at least halfway for ventilation, unless a fan provides mechanical ventilation.

I'm not sure if Centerra apartments have a work-around to that though.

Thursday, March 23, 2017

San Francisco Bay Area home sales slip, but prices soar

Declining Bay Area home sales in February of 2017 made it the most sluggish month in nine years, but prices jumped sharply as buyers bid on a shrinking supply of single-family homes.

Prices soared 11 percent higher across the nine-county of San Francisco Bay Area compared with the same month of 2016, reaching a median price of $675,000 — the largest such increase in more than a year.

In sunny Santa Clara County, the median price of a single-family home rose 11 percent from a year earlier to $960,000 — 4 percent under last spring’s $1 million peak.

In beautiful Alameda County, the median home price climbed 12 percent from a year earlier to $730,000 — 4.9 percent under the May 2016 peak of $767,500.

In foggy San Mateo County, the median price rose 16 percent to $1,162,000, though still 8.1 percent below last October’s peak of $1,265,000.

In Contra Costa County, the median rose 9 percent to $501,250, but remained well below its pre-recession record of $654,000. Contra Costa County homeowners are still under water.

Friday, January 20, 2017

Buying a condo in San Francisco Bay Area

It is important to realize how buying a condo or town home San Francisco Bay Area can impact your life. By law, they have Homeowners Associations, which are another layer of quasi-government regulations. They are set up like dictatorships see "Davis Stirling" Civil Code in California, run by the oligarchy Boards of Directors (your neighbors, most likely without experience and no training for positions, and often managed by outside management companies (very difficult to find good ones). Condos or town houses usually don’t appreciate like a home, there are tremendous rules (with little recourse to protect owner), harassment by management, special assessment, double taxation. Your property rights are compromised, along with quality of life. Horror stories abound!