Odbhut, Home Owner in San Jose, CA

What are the opinions on buying townhome/condo in Taylor Morrison's Modern Ice complex in Oakland road, close to San Jose downtown?

Asked by Odbhut, San Jose, CA Wed Nov 11, 2009

The construction is pretty good but there is nothing around the complex and the 13th street area looks a little shady. Very close to downtown & 101 too. Will it hold it's value at $450K in 5 years time around that area.

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Ravi’s answer
They are really good. But it soon. prices are going up high.
Easy commute. 2 miles away from San Jose downtown and you can reach around sunnyvale/milpitas/santaclara within 10 min. 101 is nearby for easy commute. Dont delay.
0 votes Thank Flag Link Mon May 3, 2010
I have been working with Buyers wanting to get into new construction within a certain budget and in order to get what they want in their price range are having to go to other areas which may not be in their target neighborhood.

The outer limits and downtown are changing as more development takes place and people move in. We do not know with certainty how the market will be in 5 years. Economist are predicting slow growth starting next year, and by slow that is less than 3.5% appreciation per year. I expect growth to be conservative due to our current high unemployment. However, our population should be increasing by about 1% per year which put demands on housing.

Location is always the number 1 factor in appreciation and resale. If that is your main concern, you may want to change your expectations of size, bedrooms and age and look into other neighborhoods which have proven track records. Otherwise, align yourself with a knowledgeable professional who will assist you in comparing your options.

Good luck.
Web Reference: http://www.terrivellios.com
0 votes Thank Flag Link Thu Nov 12, 2009
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