The story goes on to say that San Francisco Bay Area rents have hit an all time high.
Rents have gone up dramatically in Pleasanton and all Bay Area cities.
Yes rents are increasing , there is no doubt. There are some very basic factors
1. There are many home owners that have had to Short Sale their homes, as they cannot keep up with their mortgage payments due to tough economic times
2. Our micro-economy is flourishing
3. Pleasanton continues to be a city of destination for many South Bay workers, and offers so much,
with top schools, a well run city, controlled housing, and a wonderful Family environment .
Steve is right, as many find it better to buy if they can then rent, We seem poised to continue in an upward housing demand.
Please email or call if you would like to disuse further.
"Brining Integrity To Your Front Door"
Alain Pinel Realtors
If you have good credit and foresee living in the area for the next five years, you may want to consider buying a home. I would not be surprised to see your net cost to buy a home after tax benefit to be very close or lower than renting the same house.