I have always believed in buying in the best area that you can afford (meaning areas that are centrally located and with great school districts). I know, this is not an original idea but it is true: location, location, location! Why should you choose a home in this type of location rather than a more "affordable" area? Because it is a better value in the long run. You will have an easier time selling it later and will earn more money.
Let me illustrate this truism for you in the current market. I will take two areas that are the extreme opposite poles in terms of location and price. I will provide the data, so you decide which is a better "value" in the end.
Morgan Hill/Gilroy vs. Cupertino
Continued......
Steve Mun, Silicon Valley Realtor
www.stevemun.com
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