What you're going to end up with down there is a European city with Californian weather and Asian people. I think it's all going to work very well. They've been building high density housing around the Great Mall for years, and it all seems to sell at a good price.
Milpitas is all about diversity and there are plenty of businesses and grocery stores that serve non-Asian people. There is a Safeway, a Nob Hill and another small market within 5-10 minutes drive.
Big projects like BART usually get done a year or two late but I don't see any major construction challenges.
The area has an exceptionally good transportation infrastructure and I don't think there is any chance of overbuilding. House prices in my part of Milpitas are up 27% in the past year. There is plenty of housing demand in Silicon Valley and Milpitas offers more modern housing at a lower cost per sq ft than other cities.... more
Without trying to politicize RE, I do think that the mood of several markets could be influenced one way or the other by the outcome of the National election. Moreover, however, I think that the RE industry will be impacted by "REGIONAL" employment, income level, economic conditions and consumer confidence or lack thereof.
The demographics in Sunnyvale ,Santa Clara, San Jose are very strong and with all the positive growth in the tech sector in these areas I don't see RE running out of steam anytime soon. If you've got the financial wherewithal, credit and employment I certainly wouldn't be sitting on the sidelines if you really want to invest in RE.... more
I think the rental market is pretty strong. We posted an ad on craigslist for a client with similar home in Milpitas and got about 4 calls in one day. Take a look at housingmaps.com to see what's for rent in your area.... more