About drew_eckhardt

drew_eckhardt

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Registered Jun 28, 2009

drew_eckhardt's most recent comments:

  • On Sun, 26 Jul 2015, 11:29am PDT in When will national politicians address the high cost of renting crisis?, drew_eckhardt said:

    Never.

    Lower rents require more housing units so the supply and demand balance at a lower price.

    In places where people want to live that requires more density. Property owners there won't support such increases which will devalue their property. Most residents won't support the change in neighborhood character and potential reduction in school quality.

  • On Wed, 22 Jul 2015, 5:52pm PDT in Why I left the bay area, drew_eckhardt said:

    PockyClipsNow says

    TX has sky high prop tax.

    up to 3% depends on area.

    CA is 1 to 1.25%

    Property taxes are similar in TX and Silicon Valley bay area

    $375K x 3% = $11,250/year
    $900K* x 1% = $11,250/year

    * a 3/2 1959 ranch just sold for $920K in my slummy Sunnyvale neighborhood. It'd cost a lot more some place nice.

    although here you also pay a 9.3% marginal income tax rate versus 0 there.

  • On Tue, 21 Jul 2015, 6:47am PDT in Why I left the bay area, drew_eckhardt said:

    Ironworker says

    I live in Bay Area and I'm sick of it too. What do you guys think of Seattle area? Isn't that a great option too?

    Nearly all the people I knew able to tolerate it moved there from worse places.

    The weather is horrid with 201 cloudy days a year of which 140 have measurable rain. That makes people depressed and mean - one guy actually hit me with his bicycle in an elevator because he thought my crutches and casted broken leg were taking up too much space.

    Traffic is worse than in the SF Bay Area. On a sunny summer day it took me 3-4 hours to cover the 80 miles from downtown Seattle to Shelton. On one rainy day it took my wife 3-4 hours to travel 13 miles from Bellevue to Seattle.

    I spent a few months on the East Side plus somewhat over a year in Seattle, but would have left sooner if I wasn't waiting for the signing bonus to vest which I used to reimburse my Redmond employer for over $60K in relocation costs.

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