About FunTime

FunTime


Follow
Befriend (2)
64 threads
1,198 comments
San Francisco, CA
Followed by 1
Following 0
Ignored by 1
Ignoring 6
Ignore FunTime
Aliases
In United States
Registered Mar 18, 2011

FunTime's most recent comments:

  • On 21 Aug 2014 in Why your house is a terrible investment, FunTime said:

    JH says

    But to make the general statement that housing is a good investment is invalid.

    Historical data certainly shows that houses are not good investments compared with other investments.http://www.econ.yale.edu/~shiller/data/Fig2-1.xls

  • On 21 Aug 2014 in Why your house is a terrible investment, FunTime said:

    SubOink says

    fact remains that my neighbor here is renting his house (which is smaller) for $1000 more than what my payment is (mortgage plus prop tax and not figuring in the tax break even) - you tell me who has made the smarter move here.

    As soon as I see that kind of difference, I will definitely look to buy. In San Francisco, my situation has tended toward the opposite where my rent looks to be $1000 or more less than just a mortgage payment without considering all the other expenses. Right now that's largely because I've rented through a huge upswing in rents and house prices without a change in my rent.

  • On 21 Aug 2014 in Why your house is a terrible investment, FunTime said:

    SFace says

    The market doesn't care about how any one or even many people thinks.

    I don't really know that much about his ideas, but based on what little I know, Robert Shiller, for one, disagrees. He's been suggesting that economics has a significant component which is driven by what people think no matter how rational.

    I agree with your point, though. Expensive and overpriced are different and one could argue that I'm a fool to even consider owning a house in San Francisco because it is obviously just too expensive for all but those in a part of the top percentile of income. However, the fascinating thing to me is how many people in even my lowly income have decided that it's affordable.

See other users near FunTime

Home   Tips and Tricks   Questions or suggestions? Mail p@patrick.net   Thank you for your kind donations

Page took 122 milliseconds to create.