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Registered May 10, 2011

switters's most recent comments:

  • On Mon, 26 Nov 2012, 12:11am PST in Buying vs. renting: money isn't the only factor, switters said:

    I'm not the one who brought up rising sea levels, and I didn't write the article in the NY Times either. That's not a major factor in my decision making process. Nor did I say anything about an apocalyptic energy-free future. Those are your words, not mine.

    If you think energy isn't going to get more expensive in the next few years, you're kidding yourself. As energy costs rise, the price of all other consumables goes up as well. Producing my own energy and some amount of food won't make a huge difference, but it's something. It also provides some security in the case of a major weather event like Sandy or power outages, which may become more common in the future.

    In any event, it's a lifestyle choice. I'd probably want to do it anyways regardless of what I thought the future held.

  • On Sun, 25 Nov 2012, 12:14pm PST in Buying vs. renting: money isn't the only factor, switters said:

    Definitely not looking for 5 acres in Berkeley or SF. We're moving to the Sebastopol area. Check out the Sunday Review section of the NY Times today. They had an article showing how much of various cities around the US would be underwater given a 5-12 foot rise in sea levels. Even if sea levels did rise 12 feet, Sebastopol would be safe. Parts of San Francisco, not so much, and Sacramento would be under water (along with lower Manhattan and a lot of Boston).

    We're not planning on homesteading. We just want more control over our water, energy and some part of our food supply. My wife is a permaculture designer and it's not difficult to grow a significant amount of food and raise chickens, rabbits and perhaps a couple of goats.

  • On Thu, 8 Nov 2012, 6:11am PST in Buying vs. renting: money isn't the only factor, switters said:

    Thanks Patrick. Poking around there, I see that in the Marina in San Francisco the average rent is $4,429. The average home price is $1.1M. That's about 4.8% if those numbers are to be believed.

    But if you search for actual rental listings on Craigslist, you see a different story. Here's a 2br flat renting for $7,000/mo. They don't provide the address, so I can't check the price on Zillow, but I'm 99.9% certain it's not $2.8M, which is what it would have to be for the annual rent to be 3% of the purchase price.

    Here is a larger (3 bedroom, 2 bath) condo selling for $1.35M. If we assume that would also rent for $7,000/mo, annual rent is 6.2% of the purchase price.

    I'm seeing 6% a whole lot more than I'm seeing 3% if we're talking about single-family homes rather than apartments.

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