Shopping for a $1.5M home in California (Silicon Valley)

I got approved for a mortgage and today we're going to look for a house to buy.
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Timestamps:
00:00 We were finally approved for a mortgage
02:18 Why we want to buy a house in the Bay Area
02:57 $1.5 Million for this??
04:25 Houses in Pacifica
05:53 Is it worth buying a house now?
09:56 One more way to diversify your portfolio
11:51 Why we don't buy an apartment
13:20 House for $1.5M in San Mateo
15:22 House for $1.5M in Redwood City
17:09 Tiny but beautiful house in Palo Alto
20:26 Interesting stats about renting in the US
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[@TheCinnamondemon]

im shocked, i knew that this area is the most expensive in the country, but i wasnt expecting the houses to be so.. basic

[@ReeLSpirit]

@lbvl0mc 99 but then you have to be in texas...

[@ReeLSpirit]

@lbvl0mc 99 markets don't lie on what they prefer...

[@johnk608]

There's nothing special about San Francisco. Just move to Texas lol

[@ReeLSpirit]

@@johnk608 people move to Bay Area for the brilliant and top tier people you meet and interact with. If you don’t value those, then the Bay Area doesn’t make sense

[@johnk608]

@@ReeLSpirit I'd rather die then pay 1million for a crappy house 😆🤣you could buy a mansion for that price ...you guys have to be brain dead. .that's just crazy

[@zukhrakhakimova9586]

Learned a lot of words, new terms, got a lot of new information, improved my listening skills, enjoyed the video. Thanks a lot Ms Marina, love you ♥️♥️♥️

[@ralphmarkasher]

Marina, depending on where you look, it can be a dump for $1.5m or something nice for less. Being a native born in San Mateo and raised in Cupertino, expand your circle. If you are not tied to Silicon Valley for work, consider Capitola, Pacific Grove, Carmel, or Morgan Hill.

[@lcn706]

Yup. Native to Belmont & renting currently. I’m so sad for what this place has become. We love it here & it’s home but we can’t afford it anymore 🥺

[@ralphmarkasher]

@@lcn706 That is why I bought in Gilroy, I couldn't afford to buy where I grew up.

[@Crashtian]

South San Jose? Fremont? 1.5 will easily gat you a nice 3bd, 2ba.

[@Jadee0510]

We used to visit a friend of mine in East Palo Alto. Her house was small, but the garden was big, so she built another room and bathroom. She used to host friends and have parties in her garden. The weather is fantastic there as well.

[@Cflick3]

You take that $1.5 million over into Geist, Indiana and you can get your self a 5-6 bedroom mansion with a speed boat and private dock that sits on Geist Reservoir. The 1st house she is looking at…where I live that house would be found in a bad neighborhood priced at $50,000 tops. It’s a shame.

[@Kevin-sm8pn]

But the question is why the hell would you want to live in Geist, Indiana? lol

[@pizzadispenser1389]

I mean then you have to live in a shitty state lol.

[@juliec3437]

Used to live in bay area in CA. Could only afford a little mobile for our starter home even tho hub had well-paying job. Moved to small town further north and now we have a half acre and own our home. The trade -off is work is harder to find. But we're almost retired now. We are glad to leave big-city issues/prices behind.

[@PaulKevin]

You motivate me to never settle. Love your videos

[@slawosz]

Marina keep strong. I can imagine it is not easy for you in this difficult time. All will be good. You are great person 🙏

[@gioelestendardo2819]

With 1.5 mil in Italy, excluding extreamely expensive areas, you can get a 6-8 million dollar house in silicon valley. Yes I know, Italy is not Silicon Valley, but still- This shows how much overpriced are houses in that place

[@coolkid-xc1yi]

Even in midwest and southern U.S, you can get that. Outrageous prices plus California is overrated

[@MimiDo]

wow 1.5 millions USD . great tips for looking to buy a house for living not for just number game like investors, but finding a reasonable price and matching all needs and wants in your right home also take a lot of time. ^^! Good luck and cant wait to see more about this contents from you.

[@Suherminmak]

There are 2 choices : appreciation OR cash flow , no both, most big cities populated has no cash flow but good for appreciation, less populated state or cities has good cash flow but little appreciation thru the years.

[@ccrider4556]

You are in California. This is the land of ADU. Get in to anything, build the lot, make multi units- rent it out. Keep the mindset that “I’m not living here, I’m investing”.

[@Naturechannel2022]

Hi Marina! Sending you a big hug... I love your videos.... 💕

[@fernandoglorenzo]

Marina, looks can be SUPER deceiving - that house you visited in San Mateo is wayy undervalued. I had the same reservations you did when house searching but was glad I was wrong - I live on the same street and saw my own 2 bedroom 1 bath home value increase to $300K within TWO years! Given that it's a 5 bedroom 4 bathroom home and being 20 minutes away from downtown SF AND Palo Alto area, I believe it's worth a second look - buy soon so you can take advantage of the home price increase, geography, and the fact that we can be neighbors as well!

[@sortemout6]

Amazing .... I previously commented on a previous video and explained I understood your difficulty starting out in bis, I luckily sold out when I was 40 - left the UK and moved to the south of France, we had 3 large industrial buildings giving us rent and the sale proceeds of our Co to live on .... I bought property i n the auctions and renovated - then sold and made more €€'s than in the previous 15 years running a substantial buiss. I recently sold my large industrial units in the UK and put the money into mainly Crypto and have'nt looked back ...... maybe you will take a similar look at whats around you. Residential and Industrial property are great - BUT there is deffo better.. Best wishes yo brave lady

[@winpe4581]

To be totally upfront,my favourite channel among three of yours is for english learners.The reason i say like that is that i'm still a high student in Myanmar and to be honest,i'm just 16. That's why i'm putting more effort into my studying than my career.But evertually,the reason why we're studying so hard right now is totally for our career we wanna own in the next coming years for our future.Thanks a bunch,sis.I love you so much and i'd absoulutely love you to come to my country one day if it can be fortunately. With lots of love from Myanmar.

[@rachelvasquez7826]

The Bay Area is not precluded from a housing market correction. Many technology companies have grown over the past decade by taking on enormous amounts of debt because interest rates were low. That’s now reversing and as tech stock prices deflate, individuals in Silicon Valley will have less money for down payments. Hang in there and be patient. In time, I think you’ll be able to buy something you love in a nice location for you and your family. Prices will not go up exponentially into perpetuity.

[@MaikHenkel]

Great video, 100% agree with your statement on location. We are living in Palo Alto and will stay forever ;-) Viele Grūsse

[@ralphmarkasher]

Hi. Before moving to the Cupertino area in 58 my family lived in Palo Alto. My dad worked for Kodak on Page Mill Rd. My parents wanted to live near the orchards that are now all gone. As a kid I'd pick cherries off the trees.

[@dr_hannaklyushnik]

Look into East Bay. Castro Valley has great climate, schools and views. Lots of hiking trails all around. About equal distance to San Francisco and Silicon Valley and you can still get a more or less decent home for your budget.

[@LabriaHart]

Literally shocked at the first house. I was so flabbergasted, my mouth dropped. That same house is like 120k max here in Georgia. Even if it's downtown 300k might be like the most if would go for. That's crazy.

[@user-ot8fb6cr3q]

Last 2 houses are amazing

[@latinpapie]

Look at Saratoga ca too!

[@AmZervlogs]

Hii.lingumarina I am watching you before 2 month .and I swear I improve my English. You are a best schlor.Thank you lingumarina .🥰🎊🥰🎊✔

[@ABC-uy4fw]

I paid $175,00 for my in Nashville Tennessee close to the Lake with big grass yard. In 7 months it went up to $340,000. In 5 years it will cost $900,000 My interest rate is 3.8% My monthly payment is $997, if I rented its $1,600

[@user-or9bc6cu6p]

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[@user-or9bc6cu6p]

Send a message right away💬💬

[@cutenobi]

What website/app was used to locate the houses for sale?

[@yonalu]

Silvercreek Country Club in San Jose. You will love it, it’s beautiful in here

[@bellaabby11]

Buy it in Santa Cruz, it’s not too far from Silicon Valley, and it’s closer to the beaches and state parks. I know a lot of engineers work in SV a few days in SV, WFH in Santa Cruz. It’s good for work life balance.

[@jaznjaimee]

Yup, that is the Bay Area!!! When purchasing something think about resaleable value and appreciation; not depreciation,…One thing to consider is that in Pacifica you are prone to Dry-Wrought,…

[@viethuynh6808]

San Jose/ Willow Glen got houses that need rehabilitation. You can get a house for under 1.5m and fix it up.

[@devdroid9606]

One thing to keep in mind when you take a 30 year mortgage (amortization) period is that if you decide to move after 5 or 10 years, you will still owe a lot because you won't have paid off much of the principal, assuming 20% down. So you have to be sure that the resale price will cover the mortgage payments you have made. In essence, if you are putting down 20%, you are essentially renting a lot of money, along with the added costs or upkeep, taxes and fees. With a 30 year term, the bank collects the rental fee (interest) in the first years of mortgage payments. So 10 years into your 30 year mortgage, you won't have repaid 1/3 of your debt, but something much less. Many first time buyers do not understand this because they only look at the monthly payment calculation, some even extending the term from 25 to 30 years to reduce it. This just adds to the bank's profit, and increases the buyer's total debt. Your networth can go down if borrow too much and the value of the house does not go up enough to offset the borrowing costs. In the situation of having kids and wanting to live in silicon valley, I'd say don't even look untill you have 1 million to put down, because you can probably do better by living frugally and renting while you build your business and increase your net worth to at least $5 million so that you can put 1-2 down on a home that is 4-9 million. Or just don't live in Cali until you have made a lot of money.

[@laurenj8888]

Check out San Bruno. The weather is better than Pacifica and prices about the same.

[@nj6202]

Hi Marina, check out homes at mountain house. Very nice community . A little far from SF though.

[@GMltd]

Doesn’t make much sense with the current market situation buying a property for 1.5M You have been waiting a decade, so wait a year or 2 and you gonna get at least 20/30% discount 😂

[@honesty_-no9he]

Make sure the roof and grounds are SOLAR INSTALLATION friendly.

[@navsofour2892]

Owners actually rent them for nearly half the monthly cost in exchange for equity appreciation? That is clearly the definition of the mechanics of a bubble. Don't care if the prices continue to go up, that's what bubbles actually do.

[@rancherman1677]

Agree … however the same situation in all major cities in the world.

[@sundeepcheedhella7783]

Check out Mountain House, CA, Great school district for Bigger homes. Great quality of living for kids and families. Commute is not that bad if you are working 1-2 days a week.

[@tokyowarfare6729]

also consider HOA, even family homes do pay in the area, aparently.

[@minchomarinov7718]

Check out Fremont area. Beautiful family houses, and so many russian day cares

[@acampos8422]

True. I lived there 15 years. I miss it but I don’t miss the traffic

[@deuce5243]

And Indians

[@SwapnilShirsat]

Looking cool 😎 marina. Go girl 👧 go!!! Love 💖 you.

[@jamesstmanhattan]

Is that a floating-rate mortgage?

[@alysha1pink87]

Hi lots of love from Korea

[@dcastaneda08]

Aww the Palo Alto house.

[@dpandhi1]

Also Cambrian San Jose area

[@devdroid9606]

Marina, why California or even silicon valley? Your business is mostly on-line and can be done in practically any state. You don't need to be near tech development. If you go to another state you can get much better equity because there won't be so many costs. Also I don't understand the rental part. If you live there, how can you get rental revenue? I think houses have gone up in the last five years due to low interest rates, but this will certainly change as the Fed has already raised interest rates.

[@jaynakamura965]

I rarely laugh at videos but the house for 1.5 million was hilarious. The sad part is it'll probably sell for that if not more and it'll double in 10yrs.

[@sorianojhonathan]

$1,500,000.00 will get you a house in Highland parks, Texas. One of the richest cities in the whole country, i think it’s like #6

[@dii920]

Mari I liked third home

[@Cash4Fruit]

I’m an SF Bay Area native I can give the down low on neighborhoods but it’ll cost ya!

[@RozyPozy]

Foster City/San Mateo raised and even I'm still trying to comprehend the housing prices in the Peninsula, South Bay, and East Bay. $1.5 for Pacifica is still somewhat on the low end. Santa Clara can be even worse. Good luck on that budget. South SF and Brisbane would have options in that price range. Otherwise look more toward San Jose or in the East Bay.

[@dii920]

5 house is perfect

[@sbadalyan1]

💛💛💛

[@hspwizard820]

Done

[@christianadriangurrolagulu555]

I didn’t expect that the houses were going to be so basic for 1.5 million, I’m shocked.

[@wonderingthoughts926]

All bubbles burst eventually..

[@jamesstmanhattan]

When are gonna apply for citizenship?

[@KENT_98_]

Марина,пожалуйста помогите мне.Я с Украины уехал как беженец в Германию и сейчас в седьмом классе.Международная школа тут в Лейпциге сделали бесплатные курсы английского для поступления в ихнюю школу.Так обучение в месяц стоит 800 евро,а если поступить,то можно за 150.Это очень большой шанс.Я сейчас если честно имею уровень А2-В1 сейчас,а говорят,что надо минимум В2 и знать слова чтобы учиться на разных уроках.Как мне за три месяца кроме этих курсов еще развиваться?Как быстро улучшить свой язык?Потому что я очень хочу там учится…Заранее спасибо

[@adelinka_way]

❤️❤️❤️❤️

[@N7eptune]

Nothing in my city!🥺

[@Audios81]

Def get so much for the money. For that, you can get a super run down house from the 1950s. Original everything no updates, leaking roof, other major issues, small little box basically a d we'd be around $2million. And no, Zucker doesn't live with houses that cost a million. lol

[@SpencerHsu]

You'll find a place really soon :)

[@wdeemarwdeemar8739]

Hello from Palo Alto… you can get a shack with a door for 1.5 million.

[@kondobolo2575]

Venezuela

[@SiliconValleyGirl]

so true :(

[@acampos8422]

🤣🤣🤣 yep!

[@yaxo11]

Can someone explain how can house sell for more then asking price. If seller want 1.5M, why people pay 1.6 ???????

[@user-or9bc6cu6p]

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[@AnastasiaRyabova]

I have heard that people offer higher price to get a house since usually lots of people are in a line of getting this house

[@ReeLSpirit]

multiple offers/bidding

[@criss4000]

Marina, maybe you know it - you're on Yahoo News! The news title is: "This Woman Shared Her Entire Experience Giving Birth In A Hospital - Followed By How Much It Cost, And Millions Of People Are In Shock"

[@rbwirth12]

A MAJOR factor to consider is the escalating crime, blight, and vagrancy (homelessness/RVs) in the Bay Area. One can own a beautiful home, but you may not be able to safely leave your home to walk, leave your car parked safely anywhere other than a locked garage (even in the parking lot at the store or in a Public Storage lot), and keep your windows shut all year because of encampment fires or wildfires or police helicopters and sirens. This is not an exaggeration, either. I've lived in the Bay Area for 53 years and it has become almost unliveable, and is only becoming worse. Neighborhoods that were never affected by blight, crime, and vagrancy are now slowly feeling these things encroach. These things should be seriously considered if buying a home here. Of course, the prices ARE rising because people buy to rent, not live in them. Almost all of our neighbors are now renters because the owners didn't like living here anymore.

[@tltaber50]

That's a very localized situation. I live in San Mateo, which is very safe and livable.

[@sharvinsaravanannaidu6459]

Hi

[@cravefour]

So expensive. And most needs to be rebuildt

[@Lanainvestor]

we can help you find good deals

[@Uptownv]

Time to move to Texas and work in silicon remote like Elon did. You can have have a new home developed for substantially cheaper.

[@MoniCastApp]

The reason I am not owning a $1.5M house is because I am not in California 😂

[@user-or9bc6cu6p]

Whatsapp✙❶❺❶❻❹❶❺❷⓿❼❸ More updates on ETH,XRP,SOL📊 Whatsapp✙❶❺❶❻❹❶❺❷⓿❼❸ More updates on XLM,NFT’s, BTC📊 👆👆👆👆

[@danteelliott2274]

Or just move to Las Vegas and get a big beautiful home… for that you probably can buy two beautiful homes in Las Vegas and rent one..

[@lu.u.8171]

when I saw the first house, I think I know what I should do.... earn more money

[@A2Kaid]

You can def get a better house in the Bay for 1.5m.

[@infini.tesimo]

Yeah, I'm struggling to see the logic behind buying a house like that in San Fran even if you can afford it rather than buying one in say Austin or Texas in general or even Florida under management by a team out there. I didn't really hear anything justifying it from a savvy business point as it seems you're doing this for emotional reasons because you finally made it to America with that status in 2016 but it's clouding your judgment of making real generational wealth.

[@ReeLSpirit]

she likes it there and a customed to the area now. so she wants to live their long term. nothing wrong with that. life isnt all about money and stuff. plenty of other ways to make wealth. as long as living there makes her happy, thats all that matters in life

[@nomadundercover3018]

100% right. This is why the new money usually loses it.

[@stratplayr6997]

I have no idea how people are actually able to afford living in California. Are people's salaries that much higher out there to cover the insane cost of living? Crazy to think that renting a house is actually a money losing proposition for the landlord/owner.

[@artemmeerman3288]

Shopping 400k$ properties in Turkey.. And they give you Turkish passport as a "present" 😉😱😈

[@kentclark5594]

If you can afford an Ocean View Property, I would definitely go for it. Esp. in your income category. Just keep 6 to 12 months mort. pmt. as a reserve. (I'm not a realtor). Scarcity = appreciation.

[@ExcMARK20916]

Millionaires make money through real estate. Billionaires make money through private equity.

[@mahmoudomran5262]

Second house seems decent just too expensive

[@leonevinci]

what the hell is that property tax??? omg...

[@VoltHaul]

What the actual hell is that first home?!

[@mahmoudomran5262]

You definitely should move to Canada 😊

[@SDMCanada]

You yankees are crazy 🤪😱 I just bought a semi detached, build 2014 for 1800 sq feet for $510k CAD @2,99%

[@SiliconValleyGirl]

jealous!!

[@GGTanguera]

@@SiliconValleyGirl He's not from Vancouver, BC. Houses here more expensive then in the Silicon Valley. Makes no sense at all.

[@SDMCanada]

@@GGTanguera You mean me? No, I'm from Calgary soon

[@GGTanguera]

@@SDMCanada Calgary has sensible RE. Vancouver and Toronto are mothers of all bubbles.

[@ExcMARK20916]

I knew $1.5M wasn’t going to get very far. The first house was junk

[@leonevinci]

I really spect luxury houses there wtf

[@robm6962]

You guys make a ton of money I looked up your social blade your making like 250k a month on KZbin are you kidding me you should be buying tons of properties

[@WayneForomozo]

Nah it's crazy how basic these properties look

[@mychromebook9935]

Seems depressing

[@danteelliott2274]

That house in Detroit would be $15,000 or less and for sure and old crack house.. California is ridiculous with real estate but a piece of land and build a home

[@sumo479]

Wow, you don't get much for your money there.

[@ptrekboxbreaks5198]

Is this something like "The Americans" going on here? Lol Just messing, wish I was successful like yall, sheeesh congrats

[@user-or9bc6cu6p]

Whatsapp✙❶❺❶❻❹❶❺❷⓿❼❸ More updates on ETH,XRP,SOL📊 Whatsapp✙❶❺❶❻❹❶❺❷⓿❼❸ More updates on XLM,NFT’s, BTC📊 👆👆👆👆

[@user-iu4nn4nf6o]

12

[@rancherman1677]

With the house price shoots up in Dallas, the price in Bay Area is not that high anymore.

[@JeffreyLiu8]

driving a Tesla model s plaid for God sake

[@harrisonchevy4452]

Wow, now I know why I would not live in California. Nothing special for 1.5 million.

[@GokhanSuzmeli]

seriously these houses were in Florida around $100-150k. California is getting worse.

[@Barzingi2]

Im sorry but you can get such a better house with 1.5 million dollars

[@blaiseducdaumont1280]

These are gross looking properties for 1.5M. I would look for a nice lot and build.

[@MrMustangrick]

$1.5 in Palo Alto Gets you nothing.

[@oldtinbox6404]

You live in a fantasy world isolated from normal society...

[@Rasterius]

Waste money. Overpriced