Quote:
Originally posted by RocHard
Phoenix rocks. For $220k I built a five bedroom custom house with a pool. The same house outside of San Francisco would have cost me how much? $600k-$900k easy.
And everything else is cheaper out here too.
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california is OK, but the value is not there.
i lived 20 years in san francisco, started a real estate brokerage and bought and sold slum property in the mission and western addition around alamo square.
sold out in 1990.
live in a big country estate now in a midwestern area.
was back in the city last year. the children of the same rent control afros are now standing on the same street corners, still living in the same rent control apartments.
there are folks that will spend a million bucks for a victorian house in this neighborhood and come home from safeway and fight to find a place to park and carry their groceries into the house and fight off street jigs every step of the way.
but not me. the value ain't there.