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House prices in Fremont, CA.


               
2012 Mar 5, 9:02am   9,121 views  16 comments

by realitycheck   follow (0)  

Experts,
What is going on in Fremont? Very few houses in the market. Whatever is there, sells fast. Stinky dilapidated houses selling for half a million.

I am pre-approved for 600K but I don't want to buy overpriced junk just because I can buy. I want to stay under 500K and I want a decent SFHouse in any school area other than Kennedy high!

Do I have hope or should I give up.

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7   gary275   2012 Mar 6, 2:54am  

dunnross says

gary275 says

Fremont is a great and desirable city to raise family. Always rates among the top cities in the country to raise a family.

What's so good about it?

1. Sitting right on top of a major earthquake fault, which is guaranteed to rip in the next 20 years.
So is the whole of peninsula and most other areas in bay area are either built on faults or on reclaimed land
2. Has no usable down-town area.-agreed , its a city for raising family-got great multicultural scene

3. Lowest quality of air in all of bay area.
not the lowest-better than san jose
4. Hardly any vegetation. wrong-plenty of areas with vegetation and trails for hiking and a great lake

5. Cultural wasteland.-you think so? Maybe you should look up a dictionary for that

6. Very few people know how to speak English.

wrong

8   freak80   2012 Mar 6, 2:55am  

How can any place in the Bay Area be a great place to raise a family?

9   gregpfielding   2012 Mar 6, 3:03am  

realitycheck says

I am pre-approved for 600K but I don't want to buy overpriced junk just because I can buy. I want to stay under 500K and I want a decent SFHouse in any school area other than Kennedy high!

Do I have hope or should I give up.

Hang in there.

Supply is way low right now because all of the properties that would be on the market as short sales and foreclosures are still tied up in loan-mod limbo.

But as mods are slowing, we're starting to see more failed/rejected mods getting foreclosed on.
http://www.dsnews.com/articles/foreclosure-sales-outpace-modifications-for-january-2012-03-05

Inventory will probably be tight for a while, but there is more supply coming eventually.

10   gregpfielding   2012 Mar 6, 3:15am  

69Charger says

Why buy today?

I didn't say to. And I'm a real estate agent.

11   Hysteresis   2012 Mar 6, 3:19am  

realitycheck says

Do I have hope or should I give up.

be patient.

wait a year or two if you can and you'll be more likely to find a house you like. each year for the last 6 years it's been getting better for buyers. i don't see any reason to believe this trend will change this year.

12   joshuatrio   2012 Mar 6, 3:22am  

gregpfielding says

Supply is way low right now because all of the properties that would be on the market as short sales and foreclosures are still tied up in loan-mod limbo.

But as mods are slowing, we're starting to see more failed/rejected mods getting foreclosed on.

This is true. My neighbor who has been living rent free for 2 years just got a foreclosure notice the other day.

13   pkowen   2012 Mar 6, 4:35am  

gary275 says

wrong

That's a very convincing counter-argument.

14   gary275   2012 Mar 6, 5:32am  

pkowen says

gary275 says

wrong

That's a very convincing counter-argument.

I ve gotten by without speaking anything other than english so I dont know where he is coming with "hardly anyone speaks english" comment. But its hard to change someone's perception about a place or people for that matter no matter what you say or do-reminds me of my dad LOL

15   dunnross   2012 Mar 6, 10:10am  

gary275 says

4. Hardly any vegetation. wrong-plenty of areas with vegetation and trails for hiking and a great lake

You be the judge:

This is what a lake looks like:

This is what a lake in Fremont looks like:

16   B.A.C.A.H.   2012 Mar 6, 10:24am  

dunnross says

1. Sitting right on top of a major earthquake fault, which is guaranteed to rip in the next 20 years.
2. Has no usable down-town area.
3. Lowest quality of air in all of bay area.
4. Hardly any vegetation.
5. Cultural wasteland.

All this is true.

What is also true is an attitude of many buyers that standardized testing like Gaokao is the make-it-or-break-it, fate-of-the-world, fate-of-the-lifetime assessment. If access to high-API K-12 in places in The Fortress is not attainable, Mission San Jose is the next best thing. In that case your 1-5 are irrelevant, except where #2, #4 and #5 minimize some distractions from hitting the books.

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