places to live near Stanford University
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places to live near Stanford University
I might have a chance to move to California to work at a staff position at Stanford University. I was wondering if I wanted to buy a condo/townhouse, where is a fairly close place to live that is safe and I know this is hard but more reasonably affordable? What neighborhoods are unsafe? I know prices are really high in that in area. I would prefer to stay in the 500K-ish range or less but I'm not even sure that's possible. I've seen "mobile" homes on realtor.com --would you even consider this option? I'm thinking a small but safe condo/townhome would be ideal but what neighborhoods should I be looking at? If I would drive a further out, could I buy a home for that price range?
Suggestions? Any advice?
Suggestions? Any advice?
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Re: places to live near Stanford University
As a comparison, my current home value is 250K. Is there anywhere I could live with that price range or is that completely unrealistic? What neighborhoods do you suggest?
Re: places to live near Stanford University
Safety is not really an issue, except maybe in East Palo Alto.
Mountain View is close by and 1-bedroom condo is about 500-550k.
Commuting is a nightmare in Bay Area but if daily commuting timing is flexible, San Jose is cheaper and ok option.
Mountain View is close by and 1-bedroom condo is about 500-550k.
Commuting is a nightmare in Bay Area but if daily commuting timing is flexible, San Jose is cheaper and ok option.
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Re: places to live near Stanford University
I think the days of East Palo Alto being the murder capital of the nation are long over.
http://www.ktvu.com/news/east-palo-alto ... ee-in-2017
I think parts of Redwood City (and East P.A.) are probably still the least expensive areas in the vicinity of Stanford.
http://www.ktvu.com/news/east-palo-alto ... ee-in-2017
I think parts of Redwood City (and East P.A.) are probably still the least expensive areas in the vicinity of Stanford.
Sorry, completely unrealistic IMO (I lived on the Peninsula for 20 years until a few years ago).aquamarine wrote: ↑Mon Nov 13, 2017 7:50 pm As a comparison, my current home value is 250K. Is there anywhere I could live with that price range or is that completely unrealistic? What neighborhoods do you suggest?
Re: places to live near Stanford University
With a big move like that rent for a year to make sure that the job is working out and that you really want to settle down there and to give you time to learn the areas and commutes.
Last edited by Watty on Mon Nov 13, 2017 8:03 pm, edited 1 time in total.
Re: places to live near Stanford University
You can do a quick Zillow or Redfin search to see for yourself, but I don't think you'll find anything in that price range anywhere really close to Stanford. For example, in the 94301 zip code, which is adjacent to Stanford, the least expensive condo I see is $1.475M. You can find something tiny in East Palo Alto in the $150K-$300K range, but you may not consider that a safe neighborhood. I see some condos in Mountain View and Sunnyvale in the $230K-$250K range.aquamarine wrote: ↑Mon Nov 13, 2017 7:50 pm As a comparison, my current home value is 250K. Is there anywhere I could live with that price range or is that completely unrealistic? What neighborhoods do you suggest?
Kevin
If I make a calculation error, #Cruncher probably will let me know.
Re: places to live near Stanford University
There are no condos below 500k near Mountain View or Sunnyvale. Maybe there have been some weird ads showing such (or same in-family transaction or murder place sale) but recent sales and Trulia current offerings show that below 500k you need to go to San Jose or Fremont.
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Re: places to live near Stanford University
I've been doing some searching on realtor.com.
So I'm thinking of even looking at down town San Francisco. I found a 600 sq ft place for 350 K. I do not know the city. Are there some places in the city that are considered unsafe? What areas in downtown are "safe" vs "unsafe"? Even the 350K seemed suspiciously cheap for that area.
So I'm thinking of even looking at down town San Francisco. I found a 600 sq ft place for 350 K. I do not know the city. Are there some places in the city that are considered unsafe? What areas in downtown are "safe" vs "unsafe"? Even the 350K seemed suspiciously cheap for that area.
Re: places to live near Stanford University
If you are eligible, consider on-campus faculty housing. I wouldn't mind living there and just ride my bike to work. The units I know about are for families and they are located next to graduate student housing. However, there aren't very many units and thus may be restricted to visiting faculty or some such.
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Re: places to live near Stanford University
As an academic with lots of academic friends, I know tenure line faculty who have had to wait years to get faculty housing. Good luck as staff.
Life after grad school is great.
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Re: places to live near Stanford University
I used to live in East Palo Alto. EPA got a bad rap in the 90's but its fine these days. Sure it's not as cushy as almost everywhere else, but my wife and I never felt unsafe living there.
Check out the little bit of EPA that is on the Stanford side of the 101. It's a pretty nice neighborhood and I've see 2BD/1BA units in the apartment complexes there go for the low 600's.
Check out the little bit of EPA that is on the Stanford side of the 101. It's a pretty nice neighborhood and I've see 2BD/1BA units in the apartment complexes there go for the low 600's.
Life after grad school is great.
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Re: places to live near Stanford University
Rent close by.
By staff do you mean tenure or what?
By staff do you mean tenure or what?
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Re: places to live near Stanford University
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Last edited by letsgobobby on Sun Sep 15, 2019 11:15 pm, edited 1 time in total.
Re: places to live near Stanford University
Palo Alto has basically refused to build multi-family housing for decades and had the nation's highest rents recently. All the surrounding cities have been gentrified with the tech boom.
San Francisco would be a very long daily commute... there is a Cal Train stop near Stanford Campus but just getting to and from the Cal Train stop on each end would be time consuming, in addition to the actual ride itself.
Essentially, housing is such a huge factor to living in the Bay Area (and particularly on the Peninsula where you would be working) that you should not accept this position until you understand it better.
Living on campus would be great if that were an option offered for your position.
San Francisco would be a very long daily commute... there is a Cal Train stop near Stanford Campus but just getting to and from the Cal Train stop on each end would be time consuming, in addition to the actual ride itself.
Essentially, housing is such a huge factor to living in the Bay Area (and particularly on the Peninsula where you would be working) that you should not accept this position until you understand it better.
Living on campus would be great if that were an option offered for your position.
Re: places to live near Stanford University
Was it this house: http://fortune.com/2015/09/25/san-franc ... pest-home/aquamarine wrote: ↑Mon Nov 13, 2017 8:47 pm I've been doing some searching on realtor.com.
So I'm thinking of even looking at down town San Francisco. I found a 600 sq ft place for 350 K. I do not know the city. Are there some places in the city that are considered unsafe? What areas in downtown are "safe" vs "unsafe"? Even the 350K seemed suspiciously cheap for that area.
Edit: haha it sold for $622,000 earlier this year.
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Re: places to live near Stanford University
I was thinking of that one as wellTigerNest wrote: ↑Mon Nov 13, 2017 11:09 pm
Was it this house: http://fortune.com/2015/09/25/san-franc ... pest-home/
Edit: haha it sold for $622,000 earlier this year.
And wow. $622k!?
Re: places to live near Stanford University
OP need to realize that there are no 350k places in SF or 250k condos in Mt View. Cheapest 1-bedroom condo nearby (say, Mt. View) is north of 500k.
East Palo Alto is close and cheapest, and seems bit better nowadays (lots of gentrification i.e. regular Silicon Valley people moving in, though still some parts of it to be avoided).
Lot depends on how flexible schedule OP has, but if long and typical work hours, then commuting is a nightmare.
Within one hour of Stanford during commuting hours (other than East Palo Alto) there might barely be 1-bedroom around 400k.
Renting makes sense.
East Palo Alto is close and cheapest, and seems bit better nowadays (lots of gentrification i.e. regular Silicon Valley people moving in, though still some parts of it to be avoided).
Lot depends on how flexible schedule OP has, but if long and typical work hours, then commuting is a nightmare.
Within one hour of Stanford during commuting hours (other than East Palo Alto) there might barely be 1-bedroom around 400k.
Renting makes sense.
Re: places to live near Stanford University
If you end up buying a place for 500k near stanford, let me know and I'll have two of those please.
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Re: places to live near Stanford University
Moving to Palo Alto is a recipe for poverty unless you're getting paid multiples of what you're earning elsewhere.
"I would rather be certain of a good return than hopeful of a great one" |
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Re: places to live near Stanford University
LOLLLLL following this thread for the laughs. OP for 600k you can get a 1br tent in the tenderloin. You won't want to walk outside from the hours of 12:01am to 11:59pm, though... (yes, there are terrible areas in the city - and you would never ever ever want that commute / unless you lived on the train line and even then...)aquamarine wrote: ↑Mon Nov 13, 2017 8:47 pm I've been doing some searching on realtor.com.
So I'm thinking of even looking at down town San Francisco. I found a 600 sq ft place for 350 K. I do not know the city. Are there some places in the city that are considered unsafe? What areas in downtown are "safe" vs "unsafe"? Even the 350K seemed suspiciously cheap for that area.
Another thing that's common in the bay are bidding wars. Look at listing vs selling price - often times selling is significantly higher. So you don't just go in offer full asking and congrats you get a house... you're prob 5th in line :/
Re: places to live near Stanford University
aquamarine wrote: ↑Mon Nov 13, 2017 7:41 pm I might have a chance to move to California to work at a staff position at Stanford University. I was wondering if I wanted to buy a condo/townhouse, where is a fairly close place to live that is safe and I know this is hard but more reasonably affordable? What neighborhoods are unsafe? I know prices are really high in that in area. I would prefer to stay in the 500K-ish range or less but I'm not even sure that's possible. I've seen "mobile" homes on realtor.com --would you even consider this option? I'm thinking a small but safe condo/townhome would be ideal but what neighborhoods should I be looking at? If I would drive a further out, could I buy a home for that price range?
Suggestions? Any advice?
I would take a long and hard look at what your compensation is now vs. what they offering while considering cost of living. I probably wouldn't consider it unless your salary doubles.
"Don't trust everything you read on the Internet"- Abraham Lincoln
Re: places to live near Stanford University
Be sure to calculate your after tax income especially if you are coming from a state with low state income taxes any, bump in pay not be as large as it sounds.
With all the things that have been said about housing I would still keep an open mind about taking the position and renting if it could be a good stepping stone in your career so that you would be in a good position career wise to for your next job in a more affordable location. I worked in Silicon Valley for about six years right after college and it was great for my career even though I was glad to move when I did
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Re: places to live near Stanford University
How would the Rents be for such units ?bengt wrote: ↑Tue Nov 14, 2017 12:13 am OP need to realize that there are no 350k places in SF or 250k condos in Mt View. Cheapest 1-bedroom condo nearby (say, Mt. View) is north of 500k.
Within one hour of Stanford during commuting hours (other than East Palo Alto) there might barely be 1-bedroom around 400k.
Renting makes sense.
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Re: places to live near Stanford University
OP, Palo Alto is currently one of the highest cost of living areas in the country. Surrounding areas also tend to be very expensive. You could consider living in the San Jose or Fremont areas but the commute will be brutal. Commuting INTO Palo Alto from anywhere in the area during normal work hours will be brutal. Is on campus housing an option? Retired Peninsula native I volunteer in Palo Alto a couple weekdays taking me 50 minutes minimum to drive 12 miles during the mid morning commute. Never better it can be much worse.......
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Re: places to live near Stanford University
OP: Please consider using your preferred "rent vs own" calculator (the NYTimes one might be best) to help you decide if owning will really be the right thing for you to do anywhere in the San Francisco Bay Area.
I saw that someone else suggested that your salary might likely need to be much larger than you think for you to live here at your current standard of living. I suggest that you might use one of those nifty salary comparison online calculators to double-check how your proposed Stanford salary's purchasing power compares to your current salary's purchasing power where you live now. Your salary may not be to be doubled to provide the same purchasing power. The results might help you fine-tune how much you can budget toward renting or buying shelter.
Good luck in finding a place to live.
I saw that someone else suggested that your salary might likely need to be much larger than you think for you to live here at your current standard of living. I suggest that you might use one of those nifty salary comparison online calculators to double-check how your proposed Stanford salary's purchasing power compares to your current salary's purchasing power where you live now. Your salary may not be to be doubled to provide the same purchasing power. The results might help you fine-tune how much you can budget toward renting or buying shelter.
Good luck in finding a place to live.
Re: places to live near Stanford University
When I was a graduate student at Stanford in the 80s there was Manzanita Park, 20-year-old "temporary" mobile homes that were used as graduate student housing. It was so ugly it was airbrushed out of aerial photos of the campus. The three-bedroom Eichler house (really a barely heated shack on a concrete slab) that I rented with two fellow graduate students for $1000 a month is now listed on zillow.com for $2.6 million. Boggles the mind.
Re: places to live near Stanford University
You have my condolences.
Re: places to live near Stanford University
Yeah, listing prices now are a joke around here. I recently offered $1.1M on a small house in San Jose near Campbell that was listed at $998K. There were 37 offers, and ours was on the low end. Offered $1.15M on a house listed at $899K, and was told that they had offers for more than $1.3M. It's a friggin feeding frenzy.NoGambleNoFuture wrote: ↑Tue Nov 14, 2017 12:56 am Another thing that's common in the bay are bidding wars. Look at listing vs selling price - often times selling is significantly higher. So you don't just go in offer full asking and congrats you get a house... you're prob 5th in line :/
As a side note, this was to be a replacement property for a 1031 exchange. I've pretty much given up on finding a replacement property in this market, and am resigned to just paying my depreciation recapture and capital gains taxes.
Kevin
If I make a calculation error, #Cruncher probably will let me know.
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Re: places to live near Stanford University
For a 1 BR condo <= 500K, you will need to look south of Santa Clara, likely San Jose. Driving on I-280 to PA will be terrible but you can take the Caltrain to PA and the Stanford shuttle into campus from the station. You will be bound by Caltrain schedules though (if Caltrain service experiences trouble, there is the backup option of express VTA buses down El Camino to SJ).
Re: places to live near Stanford University
Plus one for renting for at least a year. Despite being relatively small in acreage, the various neighborhoods of the Bay area are very distinct, and you need time to get a feel for what's what. The most frugal option is shared housing -- lots of adults (even entire families) share housing here. Check out Craigslist. Maybe Stanford has a roommate bulletin board.
Cheapest options for buying or renting are going to be in the East Bay (apartments in Dublin/Pleasanton), but you are looking at a one hour+ car commute each way. Public transportation is pretty poor from that area to Stanford. It is possible to take BART to Fremont and grab a bus across the Dumbarton Bridge to Stanford, but that's two hours each way, and not particularly cheap. Also, if you work late, you're screwed. Check out 511.org for routes.
There are some mobile home parks in Mountain View but the lot rent is sizeable, on top of the purchase price. And you never know when the owner of the underlying land may decide to sell out.
Be aware that the Bay area's various transportation systems are not seamless. Your best bet is to try to stay on just one; avoid connections. Each county has its own bus system; Caltrain runs from SF to San Jose; BART doesn't service the south bay; etc. Again, 511.org can give you a better idea if you are thinking of public transportation. Don't get me wrong -- public transport is great, but it doesn't reach all suburban areas, and it's terrible at linking the East Bay to Silicon Valley.
If you can swing a reasonable rental with a decent roommate, this could be a great adventure. Treat it as such.
Cheapest options for buying or renting are going to be in the East Bay (apartments in Dublin/Pleasanton), but you are looking at a one hour+ car commute each way. Public transportation is pretty poor from that area to Stanford. It is possible to take BART to Fremont and grab a bus across the Dumbarton Bridge to Stanford, but that's two hours each way, and not particularly cheap. Also, if you work late, you're screwed. Check out 511.org for routes.
There are some mobile home parks in Mountain View but the lot rent is sizeable, on top of the purchase price. And you never know when the owner of the underlying land may decide to sell out.
Be aware that the Bay area's various transportation systems are not seamless. Your best bet is to try to stay on just one; avoid connections. Each county has its own bus system; Caltrain runs from SF to San Jose; BART doesn't service the south bay; etc. Again, 511.org can give you a better idea if you are thinking of public transportation. Don't get me wrong -- public transport is great, but it doesn't reach all suburban areas, and it's terrible at linking the East Bay to Silicon Valley.
If you can swing a reasonable rental with a decent roommate, this could be a great adventure. Treat it as such.
Re: places to live near Stanford University
I used to own a 1750 sq ft townhouse in Mountain View. Easy commute to Stanford (no highway). It also happens to be down the street from Google (which didn't exist when I bought it).
I bought it in 1995 for $290K
I sold it in 2003 for $550K
Zillow says it would go for ~$1.5million today.
Salaries have not tripled since 2003. At the time I lived there I was easily able to afford it on one engineer's salary. How much salary would be required to afford that house today?
Seriously, look closely at housing costs before accepting that job!
I bought it in 1995 for $290K
I sold it in 2003 for $550K
Zillow says it would go for ~$1.5million today.
Salaries have not tripled since 2003. At the time I lived there I was easily able to afford it on one engineer's salary. How much salary would be required to afford that house today?
Seriously, look closely at housing costs before accepting that job!
- jabberwockOG
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Re: places to live near Stanford University
Suggest you rent to see if the job works out and if you can stand living in an area with that level of horrendously high traffic and "too many rats in a cage" population density. If you do like that environment then certainly it would be a good idea to wait until the next downward business cycle that will also produce a related housing crash in the area due to silly prices and so many people living in underwater mortgage homes they can barely afford.
Last edited by jabberwockOG on Wed Nov 15, 2017 7:44 am, edited 1 time in total.
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Re: places to live near Stanford University
Heed the excellent advice here that you should rent for a while. Even renting, you will likely have to look further south (and take Caltrain).
I would highly recommend the move (even if it is just for a couple of years, as long as you can move back in case you don't like it here). It will be a good experience to work in the midst of all the action and vibrant environment. Sure, there are plenty of problems (sky high prices of everything, horrendous traffic, simple things like getting doctor appointments/hiring handymen being hard etc), but there are pluses to living here and experiencing how things are - even if it is for a couple of years.
I would highly recommend the move (even if it is just for a couple of years, as long as you can move back in case you don't like it here). It will be a good experience to work in the midst of all the action and vibrant environment. Sure, there are plenty of problems (sky high prices of everything, horrendous traffic, simple things like getting doctor appointments/hiring handymen being hard etc), but there are pluses to living here and experiencing how things are - even if it is for a couple of years.
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Re: places to live near Stanford University
+1. If the career opportunity is great, rent first. It's going to be very pricy.jabberwockOG wrote: ↑Tue Nov 14, 2017 10:26 pm Suggest you rent to see if the job works out and if you can stand living in an area with that level of horrendously high traffic and "too many rats in a cage" population density. If you do like that environment then certainly it would be a good idea to wait until the next downward business cycle that will also produce a related housing crash in the area due to silly prices and so people living in underwater mortgage homes they can barely afford.
In the bay area, the operating definition of a "reasonable commute" is highly stretched. And it can be ok if you're working early or skewed hours. For $500K, your dollars stretch much further if you're ok w/ the slums of East San Jose. It's not the best neighborhood, but is pretty good compared to parts of Chicago, St Louis, or Detroit. 40min to Stanford when there's no traffic. You've got access to 680/280, which tends to be more reliable, but 101 or 237 are also options if the other routes are particularly bad that day. If you commute in early (by silicon valley standards), Google maps reports 45-85min typical commutes (leave at 6:45am) to get in by 8am. 50-110min if trying to get in by 9am. The commute back would be similarly bad if you're leaving during regular hours, but if you hang around Stanford and leave sometime after 7pm, then it's back down around 45min again. Downright easy compared to some of the 2-2.5hr commutes that people endure. Folks do regularly commute between San Jose and San Francisco after all.
Re: places to live near Stanford University
You might look into shared housing, rent a room in a house or apartment.
IMHO: better to rent close to campus than own something far away and have an insufferable commute.
The resources available around the campus area are fantastic, there is lots to do there when you are not working. You don't want to burn 2 hours a day in a car/train/bus. Keep your commute short if you can.
Redwood City, Sunnyvale, and maybe Santa Clara are good towns to search in. San Jose starts to get you into longer commutes.
Palo Alto, Mountain View, Menlo Park, Atherton are thru the roof.
Maybe even keep your current place and rent it out, if that makes economic sense, so you have that 'feeling of having a home', even if it is far away.
IMHO: better to rent close to campus than own something far away and have an insufferable commute.
The resources available around the campus area are fantastic, there is lots to do there when you are not working. You don't want to burn 2 hours a day in a car/train/bus. Keep your commute short if you can.
Redwood City, Sunnyvale, and maybe Santa Clara are good towns to search in. San Jose starts to get you into longer commutes.
Palo Alto, Mountain View, Menlo Park, Atherton are thru the roof.
Maybe even keep your current place and rent it out, if that makes economic sense, so you have that 'feeling of having a home', even if it is far away.
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Re: places to live near Stanford University
Thanks everybody.
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Re: places to live near Stanford University
Did you get the job and are you still at Stanford?
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Re: places to live near Stanford University
Renting is the way to go in this market. If you want to rent in a nicer area,maybe closer to campus, look into renting a small guest house or a room in a nice home with kitchen privileges. When my brother attended Stanford, he was able to rent a room in a beautiful home in Portola Valley, an exclusive horse property area. The room was private, with a separate entrance, and he had use of the gourmet kitchen and the pool if he wanted.
You might find that Stanford keeps a list of similar places offered for staff and faculty by individuals. Many of the large homes in the hills around Stanford have guest houses,in Portola Valley and Woodside, so that may be a possibility. Also perhaps you could find a tiny home or guest house in Menlo Park, near Stanford. Many of the owners are seniors and would appreciate someone living on their property, and they may prefer a Stanford staff rather than a student.Otherwise you might find a nice rental in Mountain View, a safe town for sure. Look at Moffett Field, next door to Mountain View. I believe that they are developing apartments and condos for sale and rent, as I noticed when I was there last May.Moffett Field is a former military property being converted partially to residential development.
I just looked online at the condos in the area on realtor.com. There are condos in old apartments converted to what they call "condos", problem with this is that when you rent an apartment,if you don't like the neighbors, etc. you can leave. When you own what is really an apartment, you really need to know the place. That said, in good areas, I saw Los Gatos Commons at 500K, a long commute to Stanford. A few nice condos in San Jose starting at about 800K, again a long commute.Median listing price for condos in Mountain View Ca is $1.7 M according to the realty site.
Stanford can't pay you nearly enough to own a place, but if it could be a springboard to join a local high tech company that may be a good reason to take the job. It should pay at least double your current salary or have other career benefits for you.
Any of these choices I think would beat having your own dreary apartment and commuting.
Re: places to live near Stanford University
Really depends on age. My son is a grad student at Stanford currently, 22yo, rents a room in a nice house, shares kitchen with 3 others, $1200 a month, furnished (he is physically there for only a semester). Menlo Park, commutes to campus by bicycle, 25 minutes each way. Very content with the place.4nwestsaylng wrote: ↑Fri Dec 07, 2018 10:20 pm Renting is the way to go in this market. If you want to rent in a nicer area,maybe closer to campus, look into renting a small guest house or a room in a nice home with kitchen privileges.
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Re: places to live near Stanford University
Sounds like a BMR (below market rate) unit. Must be a first time home buyer and meet income requirements. I also think you are required to take financial classes. Resale guidelines are pretty strict also.aquamarine wrote: ↑Mon Nov 13, 2017 8:47 pm I've been doing some searching on realtor.com.
So I'm thinking of even looking at down town San Francisco. I found a 600 sq ft place for 350 K. I do not know the city. Are there some places in the city that are considered unsafe? What areas in downtown are "safe" vs "unsafe"? Even the 350K seemed suspiciously cheap for that area.