« prev   random   next »

1
0

Here's Where Californians Are Moving To Escape Skyrocketing Prices

By mell following x   2018 Jun 2, 6:10pm 424 views   1 comments   watch   sfw   quote     share    


https://www.zerohedge.com/news/2018-06-02/heres-where-californians-are-moving-escape-skyrocketing-prices

Best bit from this article:

"
Take, for example, this 848 square foot home on Plymouth Drive in Sunnyvale, CA (which in the 90's was the "poor" part of town vs. nearby Mountain View and Los Altos).
After being listed in March for $1.45 million, it sold within 48 hours for $2 million, or $2,358 per square foot. With Sunnyvale's 1.25% property tax, the new owners are paying $2,083 per month, or $250,000 every 10 years.
"

That is absolutely nuts. This is max. a 2 bedroom far away from the ocean in a shitty part of Sunnyvale and the property tax is $2100/mo. when you can rent a 25% larger 2 bedroom by ocean beach in SF for under $3000/mo. and pay no water/trash utilities, never pay for any repairs. Plus if you prepay for a year you can usually take another 10% off easily. SF bay area - even with its high rents - is clearly one of the worst places to buy vs rent in the US.
1   Strategist   ignore (1)   2018 Jun 2, 7:02pm   ↑ like (0)   ↓ dislike (0)   quote        

mell says
Take, for example, this 848 square foot home on Plymouth Drive in Sunnyvale, CA (which in the 90's was the "poor" part of town vs. nearby Mountain View and Los Altos).
After being listed in March for $1.45 million, it sold within 48 hours for $2 million, or $2,358 per square foot. With Sunnyvale's 1.25% property tax, the new owners are paying $2,083 per month, or $250,000 every 10 years.


It's probably still a poor part of town. Hate to know what the richer part of town fetches for a 4 bedroom.
Make sure Hassan_Rouhani does not see this. He will raise his price from $4 million to $5 million.




The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


about   best comments   contact   one year ago   suggestions