About FunTime


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64 threads
San Francisco, CA
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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.

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