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Bay Area Home Prices by Transit Stop

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21–30 of 92 posts

Re: Bay Area Home Prices by Transit Stop

#21
post #19

What is Caltrain like for commuting in the South Bay? Would it make sense to rent near a Caltrain station in one of the cheaper cities and commute to the Silicon Valley area?

South bay from? My summer gig is in downtown Mountain View and I stay really close to San Jose Diridon station. Looking at the schedule, the train ride can be as short as 15 minutes (SJ to MTV) and the rents here are ~$3K/mo for a 2 bedroom apartment.

[deleted]

Re: Bay Area Home Prices by Transit Stop

#22
post #20
post #18

Earlier quoted context omitted.

https://www.openlistings.com/p/172-sweeny-st-san-francisco-c...

In the shadow if the 280 / 101 interchange?

Sure, just saying stuff pops up in that price range if you're patient. This is better location and has a pool! https://www.openlistings.com/p/257-justin-dr-san-francisco-c...

Peninsula sorted by price: https://www.openlistings.com/z/94134?focus_params_id=172-swe...

Re: Bay Area Home Prices by Transit Stop

#23
post #10

The average travel times by BART don't seem all that bad, most large metropolitan cities need an hour by transit anyways. Do people in SF-region really not commute to work from afar?

This article[1] claims that the "national average commute time is 24.4 minutes" and that "the San Francisco-Oakland-Fremont region is also No. 1 for commute distance" in the country. [1] http://ww2.kqed.org/news/2013/03/05/san-francisco-bay-area-n...

30 minutes doesn't seem that bad. If you commute to Manhattan, you're looking at least 45 minutes door to door from most directions.

Not to worry, within another 30 years technology will solve the problem and mass transit will achieve great speeds, like 100 mph. The average commuter train/subway now has to be less than 50 mph.

Get on a train in Mountain View and arrive in San Francisco in 15 minutes.

Re: Bay Area Home Prices by Transit Stop

#24
post #16

Related somewhat: Atlanta median income down MARTA's Red line (travels North to South) http://news.wabe.org/post/atlanta-biggest-gap-between-rich-a...

Here's one for New York: http://projects.newyorker.com/story/subway/ And Chicago: http://youarehere.cc/j/subway/chicago.html

A very cool sonification of income inequality along the New York subway: https://datadrivendj.com/tracks/subway

Re: Bay Area Home Prices by Transit Stop

#25

They must have major sample bias to rank Orinda below Rockridge.

We're using price per square foot. We are a member of the MLS, so we have every home and condo for sale.

You know what looks crazy? Not factoring in size. We did it and it looked really goofy.

(I'm the founder of Estately)

Re: Bay Area Home Prices by Transit Stop

#26
post #4

Since pricing increases based on proximity to downtown SF, my intuition would lead me to think that pricing should also increase based on proximity to a BART station (or existence of a BART station) within a suburban city, since it positively impacts ability to get to downtown SF. But I'm not sure that's true in reality. It also doesn't line up with the stereotypical NIMBY complaint I've always heard (e.g. Marin Coun…

There's a sort of "feedback loop inversion" effect in play where transit caters to extremes of poverty and wealth and not the middle. For example, Palo Alto's Caltrain stops are not high-end real estate because transit runs through it - they're high-end because they have become a major destination for tech workers over the course of a few decades. On the other hand, West Oakland BART is within easy reach of many major destinations but it's been heavily resistant to gentrification: major firms do not have a presence there, and it's historically a working-class community, not a wealthy suburb. BART's deployment there is effectively transit as a "handout" policy, a way to make sure low-income workers get to their low-income jobs.

But places that are a bit outlying and don't have a big job market, like much of Marin, sit in a nebulous zone in between: they aren't really "in demand" right now, and that gives the community leverage to stomp out anything that would change that.

Re: Bay Area Home Prices by Transit Stop

#28
post #26
post #4

Since pricing increases based on proximity to downtown SF, my intuition would lead me to think that pricing should also increase based on proximity to a BART station (or existence of a BART station) within a suburban city, since it positively impacts ability to get to downtown SF. But I'm not sure that's true in reality. It also doesn't line up with the stereotypical NIMBY complaint I've always heard (e.g. Marin Coun…

There's a sort of "feedback loop inversion" effect in play where transit caters to extremes of poverty and wealth and not the middle. For example, Palo Alto's Caltrain stops are not high-end real estate because transit runs through it - they're high-end because they have become a major destination for tech workers over the course of a few decades. On the other hand, West Oakland BART is within easy reach of many majo…

>BART's deployment there is effectively transit as a "handout" policy

Is that really how it's framed?

Re: Bay Area Home Prices by Transit Stop

#29

It would seem there's no where on the peninsula can you buy an average 1500sqft house for less than $1million, ~$700/sqft.

It might seem that way, but it isn't.

I'm guessing you have one or two additional criteria on your search, but there are a bunch of homes currently for sale that match your stated criteria: http://www.estately.com/37.5981,-122.5977,37.7576,-122.3059?...

(edit: first link was borked)

Re: Bay Area Home Prices by Transit Stop

#30
post #14

I'm looking at moving to the bay area in the next few months. I've settled on fremont but im looking at renting. Assuming rent linearly correlates with the costs here it does not seem that bad a cost or commute (relatively speaking). Any advice or cautions?

Do you have kids of a school going age or will be in school in the next few years? That makes a huge difference as far as SV is concerned. Fremont is one of the better school districts in CA second only to the Cupertino school district. Correspondingly prices in Fremont are quite high.

If schools are not an issue then you have a lot more options in terms of cost.

The next issue is prevalence of crime/safety. Fremont is a very safe place to live, but as you go along the BART corridor there are variations in this factor.

If you don't mind endless daily commutes then you can also look beyond the Pleasanton/Dublin corridor where there are good schools coming up with relatively affordable home prices.

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