Gen Y First Time Homebuyers in South San Francisco

For Gen Y First Time Homebuyers, South San Francisco is one of the best cities to live in the Mid-Peninsula It’s geographic location will serve it’s purpose being in the center going to the South or to the North. Going North, five to ten minutes to San Francisco International Airport, 15 minutes to Downtown San Francisco. Going south is 15 minutes to Mountain View and Palo Alto and less than an hour to Silicon Valley. South San Francisco (or South City to many) is one of the most predominant biotech development areas in the country, which generates revenue and employment in the community. Oyster Point Business Centers caters to executive offices and commercial businesses.

Genentech, one of largest biotech companies in the world offers lots of job opportunities in this area. The San Francisco International Airport together with the hotel and restaurant industries offer employment whether in service or in tech. One great news is that South San Francisco homes for sale are becoming affordable to the First Time Home Buyers. A decent 3 bedrooms single family home, condos and town homes have never been affordable since the early 2000’s. The affordability of the monthly mortgage is undoubtedly more practical than renting.

With Gen Y Homebuyers who are interested in getting their first place and still avail of the San Francisco working lifestyle, South San Francisco homes can be the right path to homeownership.

As it is popularly called South City, you can still find most neighborhoods comprise of young families with working parents. School district can be convenient to these communities who are raising children. Commute is so convenient with the city and county transportation available 7 days a week. With 2 major freeways, 101 and 280, drivers are given the choice to get to their destination fast and easy.

REO or Bank Owned Foreclosures and the Short Sale listings play a big role in this home affordability for South San Francisco. Homes for sale in South San Francisco ranges from $199k to $299K for condos and town homes and for single family homes prices ranges from $299k to $399k. Homes for sale in South San Francisco can be the best bet for home ownership for the Gen Y First Time Homebuyers.