Taking a tour of West Oakland in the last few weeks leaves one to believe two things: “Prices have definitely changed” and “There are great deals out there for Investors”. The way I see is a little different, being that I live in Oakland and most of these properties would stay “Jacked up” or “Deferred Maintenance” the housing crash will probably result in the fix up and repair of these homes eventually. In West Oakland, you have Duplexes selling for the low $100k ranges, you can actually get into a piece of good investment property for the low end, however it is not for people that cannot stomach any fix up work because there is a lot of work involved.
On streets like Adeline, 7th Street and major parts of West Oakland, you can just see how these and other properties will benefit from from future investors buying them, fixing them up and reselling them. In some cases, renting them out and giving people a place to call home that is still close to the major economic centers of the Bay Area. As, I look at housing reports, I see some good optimistic beliefs coupled in there for people looking to do some good things with investing.
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