Read the full story here Web Link posted Wednesday, June 14, 2023, 6:08 PM
https://n2v.paloaltoonline.com/square/print/2023/06/14/looking-to-buy-median-priced-home-in-bay-area-youll-need-yearly-income-above-400k
Town Square
Looking to buy median-priced home in Bay Area? You'll need yearly income above $400K
Original post made on Jun 14, 2023
Read the full story here Web Link posted Wednesday, June 14, 2023, 6:08 PM
Comments
Posted by Colin Prescott
a resident of Embarcadero Oaks/Leland
on Jun 21, 2023 at 10:09 am
Colin Prescott is a registered user.
a resident of Embarcadero Oaks/Leland
on Jun 21, 2023 at 10:09 am
Colin Prescott is a registered user.
Given limited space and resources, the next alternative might be to develop some upscale mobile home parks with various amenities that condominiums offer like a clubhouse, tennis courts and larger swimming pools.
Most mobile homes in the peninsula run anywhere from $350K to about $450K at best, a far cry from $3M-$5M+ asking price for a modest 3BR/2B house.
By making mobile home parks more attractive and desirable, people will buy them.
Posted by Gabrielle Peterson
a resident of Menlo Park
on Jun 21, 2023 at 5:01 pm
Gabrielle Peterson is a registered user.
a resident of Menlo Park
on Jun 21, 2023 at 5:01 pm
Gabrielle Peterson is a registered user.
Some mobile homes are nicer than real houses unless than desirable neighborhoods but in addition to purchasing the mobile home you have to rent the space.
Most mobile homes are fixed and sold with the rental space. You rarely see them being moved.
