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2018 Feb 7, 3:52am   5,165 views  14 comments

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1   Onvacation   2018 Feb 7, 7:30am  

https://sfbay.craigslist.org/d/housing/search/hhh There are multiple thousands of rentals available in SF alone. The supply SHOULD bring the price down.
And preforeclosures; during the crash there were 10 preforeclosures for every house for sale. After ten years the preforeclosure to for sale ratio in the bay area is down to 1 to 1.
How long can Increasing prices continue?
2   NuttBoxer   2018 Feb 7, 8:54am  

anonymous says
Other News For Renters


The only news that matters for renters is rent cost exactly what you want it to. Too expensive, move. Need more room, move. Too crowded, move. I followed this advise and cut $700 off my rent. Show me a home owner who can cut their mortgage and or upkeep expenses by $700 whenever they want.
3   Strategist   2018 Feb 7, 11:12am  

NuttBoxer says
The only news that matters for renters is rent cost exactly what you want it to. Too expensive, move. Need more room, move. Too crowded, move. I followed this advise and cut $700 off my rent. Show me a home owner who can cut their mortgage and or upkeep expenses by $700 whenever they want.


How much would you save if you did not want to move? There is always a give and take, nothing is free.
If you decide to live in your car you would save a lot more.
4   Strategist   2018 Feb 7, 11:32am  

Strategist says
NuttBoxer says
The only news that matters for renters is rent cost exactly what you want it to. Too expensive, move. Need more room, move. Too crowded, move. I followed this advise and cut $700 off my rent. Show me a home owner who can cut their mortgage and or upkeep expenses by $700 whenever they want.


How much would you save if you did not want to move? There is always a give and take, nothing is free.
If you decide to live in your car you would save a lot more.


By the way a real saving is paying less for the same thing.
eg If I end up paying $39 million for a $40 million Malibu mansion, I save $1 million. If I decide instead to buy a $500,000 house, I did not save $39.5 million. I actually saved nothing.
5   NuttBoxer   2018 Feb 7, 1:26pm  

Strategist says
How much would you save if you did not want to move?


Probably more than what I currently pay. Long term rentals where the people have been living there forever tend to be well under market from what I've seen. But if you find a place you like that much, makes sense to consider buying.
6   NuttBoxer   2018 Feb 7, 1:28pm  

Strategist says
If you decide to live in your car you would save a lot more.


I've tried to get my wife to downsize further in the past, this is as far as I can push her, for now...
7   NuttBoxer   2018 Feb 7, 1:35pm  

Strategist says
By the way a real saving is paying less for the same thing.
eg If I end up paying $39 million for a $40 million Malibu mansion, I save $1 million. If I decide instead to buy a $500,000 house, I did not save $39.5 million. I actually saved nothing.


That's a very narrow view, which relies heavily on housing being an asset rather than a shelter.

Saving is not spending what you don't have to. I don't have to spend $700 more on a 3/2 1600sqft house with a yard. Instead I can move to a smaller place and use that money for short and long term investments.
8   mell   2018 Feb 7, 1:41pm  

NuttBoxer says
Strategist says
By the way a real saving is paying less for the same thing.
eg If I end up paying $39 million for a $40 million Malibu mansion, I save $1 million. If I decide instead to buy a $500,000 house, I did not save $39.5 million. I actually saved nothing.


That's a very narrow view, which relies heavily on housing being an asset rather than a shelter.

Saving is not spending what you don't have to. I don't have to spend $700 more on a 3/2 1600sqft house with a yard. Instead I can move to a smaller place and use that money for short and long term investments.


Usually more a function of hotness x entitlementedness of your wife/gf.
9   Strategist   2018 Feb 7, 1:46pm  

NuttBoxer says
Saving is not spending what you don't have to. I don't have to spend $700 more on a 3/2 1600sqft house with a yard. Instead I can move to a smaller place and use that money for short and long term investments.


In that case you were wasting money all this time by renting a larger home when you did not need to.
10   NuttBoxer   2018 Feb 7, 2:03pm  

Strategist says
In that case you were wasting money all this time by renting a larger home when you did not need to.


Absolutely! But I'm a slow learner who likes change and trying new things.
11   anonymous   2018 Feb 7, 2:10pm  

Tenpoundbass says
Rents just getting warmed up for what's ahead.


Excellent more money for my retirement.
12   Strategist   2018 Feb 7, 6:57pm  

HEYYOU says
MAGA- Costing more for Americans to have shelter.


HA ha ha. Didn't home prices fall because of Bush? Didn't home prices increase because of Obama? Damn it Obama, you screwed up again.
13   anonymous   2018 Feb 8, 8:40am  

NuttBoxer says
anonymous says
Other News For Renters


The only news that matters for renters is rent cost exactly what you want it to. Too expensive, move. Need more room, move. Too crowded, move. I followed this advise and cut $700 off my rent. Show me a home owner who can cut their mortgage and or upkeep expenses by $700 whenever they want.


It's a good plan for the young & unattached but not so much for those who want to settle down. Buddy of mine loved his life, happy wife happy kids, then the landlord died and the new guy raise the rent by 1200. Really sucked having to uproot the kids the wife ETC
14   NuttBoxer   2018 Feb 8, 11:32am  

anon_fa9cd says
It's a good plan for the young & unattached but not so much for those who want to settle down. Buddy of mine loved his life, happy wife happy kids, then the landlord died and the new guy raise the rent by 1200. Really sucked having to uproot the kids the wife ETC


I have two kids, 8 and 17, and two dogs. Good thing for me California prevents rent increases over 7% without at least 60 days notice.

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