Does it make sense to buy a condo in San Francisco?
Asked by
sparkky (
93
)
February 5th, 2008
Does it make sense to buy a $500k to $850k condo in San Francisco right now…and without parking…for investment purposes?
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2 Answers
Probably not, if just for investment purposes. If you need to live there anyway for more than 5 years, maybe.
According to the NYT, in every 5 year period except for the last, the stock market has outperformed the housing market. And San Francisco is still very high. When you include high taxes and earhquake insurance, it’s a very expensive market to own real estate.
That being said, if you’re planning on living there for a while, there’s always a decent chance it will be a decent investment. But strictly financially speaking, I say no.
if you are single and have no plans of marriage yes
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