patrick.net

New Renter says

RentingForHalfTheCost says

New Renter says

1 M^2 is 10 sqft. Is this math too difficult for you?

1 M^2 is much closer to 9 sqft. Just saying... ;)

http://www.google.com/search?ie=UTF-8&source=android-browser&hl=en-US&q=convert+square+meters+to+square+feet

1 square meter is 10.763 square feet

Wow you suck at Google searches as well...

Right you are. Guess that is why I am always coming up short. Good to know. Thanks. So, now I would say my rental is about 2500 sqft using the right conversion. About 230 m^2

RentingForHalfTheCost says

lovelafayette says

Even at 2000 square feet, this would make it $650 per square foot. Like I said, I don't see anything for even $500 per square foot in that range. Is there a gold mine underneath the lot because that would definitely add some value. What is the address across the street that sold for such a high price?

Here is one forsale now for 1.1m in the same area. 2300 sqft and I've actually been into this house. It is not nearly as nice as the one I rent. Silly I tell yah. Just silly.

http://homes.yahoo.com/California/Pleasanton/4251-pleasanton-ave:0c2f0bbabfe8771c11f1e94b2a721d87/

Yours is 500 sq ft smaller and 200k more? Why not post up the address so people won't question what you are claiming?

I presume Pleasanton is in America, and I presume when you rented it the sqft was stated and yet now you are suddenly off by 700 sq ft. Hmmm....

New Renter says

RentingForHalfTheCost says

Wish I was. I wish it wasn't going for 1.3m. I completely agree with you guys, I don't get it either. I am renting it for 3000 and another house down the roads that would sell for 1m+ was put on the market to rent at 3200/mth. That place has been vacant for about 3 months now. Not making this shit up. Million dollar homes that can't be rented. Just silly times.

Prove it! Post a link to the rental ad!

570 Tawny Dr. Here is the picture of it. Can't find the rental link anymore so they must have decided to do something else with it.
Still sitting vacant for 3 months now. My guess is they are fixing it up now to sell into this crazy market.

http://goo.gl/maps/eTAFN

New Renter says

RentingForHalfTheCost says

Wish I was. I wish it wasn't going for 1.3m. I completely agree with you guys, I don't get it either. I am renting it for 3000 and another house down the roads that would sell for 1m+ was put on the market to rent at 3200/mth. That place has been vacant for about 3 months now. Not making this shit up. Million dollar homes that can't be rented. Just silly times.

Prove it! Post a link to the rental ad!

Found a cached version of the rental. Guess it started at 3495. Last I saw it was down to $3095 before it then disappeared. That was about a month ago and now it is still an empty house.

http://www.placebee.com/ca/sanfrancisco/3243189

Bigsby says

Yours is 500 sq ft smaller and 200k more? Why not post up the address so people won't question what you are claiming?

Wish it wasn't either cause the landlord wants to sell. I'd love to pay a reasonable price that would be equivalent to renting. 2x or 3x doesn't matter to me. No Deal. I said above, I was off on the sqft. My rental is a little bigger than this place.

This place also is near the train noise. Mine is close to downtown as well, little train noise, quiet street, better schools, and a pool/spa/bbq. Still I wish it wasn't 1.3m. I should sick you guys on the landlord. Tell him that his place can only be 800K at most. Maybe you guys know best.

RentingForHalfTheCost says

Bigsby says

Yours is 500 sq ft smaller and 200k more? Why not post up the address so people won't question what you are claiming?

True. Wish it wasn't either cause the landlord wants to sell. I'd love to pay a reasonable price that would be equivalent to renting. 2x or 3x doesn't matter to me. No Deal.

I thought you just said it was 200 sqft larger.

Bigsby says

RentingForHalfTheCost says

Bigsby says

Yours is 500 sq ft smaller and 200k more? Why not post up the address so people won't question what you are claiming?

True. Wish it wasn't either cause the landlord wants to sell. I'd love to pay a reasonable price that would be equivalent to renting. 2x or 3x doesn't matter to me. No Deal.

I thought you just said it was 200 sqft larger.

True to the 200k more. Trying to encourage people rather than point out their errors. ;)

RentingForHalfTheCost says

Bigsby says

RentingForHalfTheCost says

Bigsby says

Yours is 500 sq ft smaller and 200k more? Why not post up the address so people won't question what you are claiming?

True. Wish it wasn't either cause the landlord wants to sell. I'd love to pay a reasonable price that would be equivalent to renting. 2x or 3x doesn't matter to me. No Deal.

I thought you just said it was 200 sqft larger.

True to the 200k more. Trying to encourage people rather than point out their errors. ;)

I think you need to get your 'facts' in order before you continue posting.

Bigsby says

I presume Pleasanton is in America, and I presume when you rented it the sqft was stated and yet now you are suddenly off by 700 sq ft. Hmmm....

Okay, just so you guys can sleep well, I found the rental record from when I first checked on this place. It is 2150sqft officially. My first count was low, and then my force adjustment to meet your logic was high. 2150sqft on a 11000 sqft lot for 1.3m. Wish it wasn't this silly.

Bigsby says

I think you need to get your 'facts' in order before you continue posting.

Can say the same to you.

RentingForHalfTheCost says

Bigsby says

I presume Pleasanton is in America, and I presume when you rented it the sqft was stated and yet now you are suddenly off by 700 sq ft. Hmmm....

Okay, just so you guys can sleep well, I found the rental record from when I first checked on this place. It is 2150sqft officially. My first count was low, and then my force adjustment to meet your logic was high. 2150sqft on a 11000 sqft lot for 1.3m. Wish it wasn't this silly.

Meet my logic? Someone else corrected your error. And you are just posting numbers. You've done this before and been caught in a lie. Why should people believe what you are posting now?

RentingForHalfTheCost says

Bigsby says

I think you need to get your 'facts' in order before you continue posting.

Can say the same to you.

Based on what?

Bigsby says

Why should people believe what you are posting now?

Couldn't give a rats ass what you or others believe. For all I know you are believe in haunted trees. Good for you. I got my financial situation and it makes perfect sense to me. You don't like it, tough. It is what it is. Housing here sucks. Always has, always will. Renting just rocks right now though. Athough, owning if you bought at the bottom or long ago rocks as well. My decision point deals with today though, not yesterday.

Bigsby says

RentingForHalfTheCost says

Bigsby says

I think you need to get your 'facts' in order before you continue posting.

Can say the same to you.

Based on what?

Too much to highlight with you. Have a good sleep. The brain functions better with rest. ;)

RentingForHalfTheCost says

Bigsby says

RentingForHalfTheCost says

Bigsby says

I think you need to get your 'facts' in order before you continue posting.

Can say the same to you.

Based on what?

Too much to highlight with you. Have a good sleep. The brain functions better with rest. ;)

Same old same old with you. You really are just a massive bullshitter. And I generally don't sleep at 4.40 in the afternoon, so I'm quite happy to wait for you to attempt to back up your comment.

RentingForHalfTheCost says

Bigsby says

I presume Pleasanton is in America, and I presume when you rented it the sqft was stated and yet now you are suddenly off by 700 sq ft. Hmmm....

Okay, just so you guys can sleep well, I found the rental record from when I first checked on this place. It is 2150sqft officially. My first count was low, and then my force adjustment to meet your logic was high. 2150sqft on a 11000 sqft lot for 1.3m. Wish it wasn't this silly.

Even if this was true, you are saying that this house sells for $604 per square foot. The highest sale in the last 3 months in Pleasanton of any house under 2200 square feet was $915,000. Somehow the house you are renting is worth 42% more.

lovelafayette says

RentingForHalfTheCost says

Bigsby says

I presume Pleasanton is in America, and I presume when you rented it the sqft was stated and yet now you are suddenly off by 700 sq ft. Hmmm....

Okay, just so you guys can sleep well, I found the rental record from when I first checked on this place. It is 2150sqft officially. My first count was low, and then my force adjustment to meet your logic was high. 2150sqft on a 11000 sqft lot for 1.3m. Wish it wasn't this silly.

Even if this was true, you are saying that this house sells for $604 per square foot. The highest sale in the last 3 months in Pleasanton of any house under 2200 square feet was $915,000. Somehow the house you are renting is worth 42% more.

Again, I should put you in touch with my landlord. I would buy it if it was on par with renting. Unfortunately, not even close. 1.3m and growing. Silly

Even Zillow has a pretty accurate range of ownership and rental for 573 Tawny.

921K to buy
2900/mth to rent. ( to which there were 0 takers)

Winner is Rent by a mile!

http://www.zillow.com/homedetails/573-Tawny-Dr-Pleasanton-CA-94566/25077648_zpid/

CDon says

out of curiosity, are you now tripling down on your lie, or do you not see (a few pages in) where it shows the address, 573 tawny drive and the word "leased" next to it?

http://www.craigpm.com/Nav.aspx/Page=%2fListNow%2fDefault.aspx%2flstStatusID%3d20

Funny, no one has provided a link that show it. What a bunch of clowns you are.

RentingForHalfTheCost says

CDon says

out of curiosity, are you now tripling down on your lie, or do you not see (a few pages in) where it shows the address, 573 tawny drive and the word "leased" next to it?

http://www.craigpm.com/Nav.aspx/Page=%2fListNow%2fDefault.aspx%2flstStatusID%3d20

Funny, no one has provided a link that show it. What a bunch of clowns you are.

Before I accused you of anything, I wanted to be sure - but its true, you really are tripling down on your lie. Here is the actual page

http://www.craigpm.com/Nav.aspx/Page=%2fListNow%2fProperty.aspx%3fPropertyID%3d2194304%26

I'm guessing if RentingForHalfTheCost would have started this thread 75% of the comments would have been deleted long ago.

RentingForHalfTheCost says

Funny, no one has provided a link that show it. What a bunch of clowns you are.

RentingForHalfTheCost says

Haha. He couldn't get me as a renter. I screen my landlords pretty carefully.

Thanks for the laugh.

RentingForHalfTheCost says

CDon says

out of curiosity, are you now tripling down on your lie, or do you not see (a few pages in) where it shows the address, 573 tawny drive and the word "leased" next to it?

http://www.craigpm.com/Nav.aspx/Page=%2fListNow%2fDefault.aspx%2flstStatusID%3d20

Funny, no one has provided a link that show it. What a bunch of clowns you are.

I understand - web browsers are beyond your abilities. Here you are!

Rents are higher because it is wise to move to the Beautiful Bay Area and work in a tech job and have the flexibility to leave without paying a commission and get a high paying job elsewhere with cheaper housing.

The key is to "Hypnotize" yourself that you own all the parks and mountains. that way there is no need to "Buy" them yet you can still enjoy the natural geography and interesting cultures.

New Renter says

RentingForHalfTheCost says

CDon says

out of curiosity, are you now tripling down on your lie, or do you not see (a few pages in) where it shows the address, 573 tawny drive and the word "leased" next to it?

http://www.craigpm.com/Nav.aspx/Page=%2fListNow%2fDefault.aspx%2flstStatusID%3d20

Funny, no one has provided a link that show it. What a bunch of clowns you are.

I understand - web browsers are beyond your abilities. Here you are!

Thanks for all your hard work.

zesta says

I'm guessing if RentingForHalfTheCost would have started this thread 75% of the comments would have been deleted long ago.

RentingForHalfTheCost says

Funny, no one has provided a link that show it. What a bunch of clowns you are.

Place is still vacant. Guess they are trying to give the false impression that things are renting fast. I'll swing by today and take a bunch of pictures of an empty house. Call the mgnt company and offer to rent it, you will be surprised when they say it is still available. Can't believe a friggin word from anyone in the real estate bus anymore. Bunch of crooks.

RentingForHalfTheCost says

I'll swing by today and take a bunch of pictures of an empty house. Call the
mgnt company and offer to rent it, you will be surprised when they say it is
still available.

Do whatever you want. Just understand, no one here will have any reason to believe you.

Nothing you do or say from hereon will in any way re-establish your reputation as someone honest, trustworthy, or in any way believable

That ship has sailed. You had multiple points at which you could have bowed out, taken your lumps, and (hopefully) moved on. Yet, at each point you simply doubled then tripled down in an attempt to cover up your initial lie - and that strategy has (once again) failed you.

Whatever you sought to accomplish via your self imposed two month hiatus from this site has not worked. You would have thought that after the back-to-back "fake MCD trades/impossible CSCO price" debacles you would have been more careful in your attempt to rebuild your reputation. Yet it took you all of 6 days to fall back into your old habits.

So again, do what you want, just know this... no matter what you do... no matter what you say... no one will have any reason to believe any of it whatsoever.

RentingForHalfTheCost says

Even if this was true, you are saying that this house sells for $604 per square foot. The highest sale in the last 3 months in Pleasanton of any house under 2200 square feet was $915,000. Somehow the house you are renting is worth 42% more.

Again, I should put you in touch with my landlord. I would buy it if it was on par with renting. Unfortunately, not even close. 1.3m and growing. Silly

I think you are having trouble with the numbers. Its sounds like you are renting a house for $3000 (which has a market rent of $3495) that sells for around $900,000.

If I want to buy that house with 20% down, I can take out a mortgage for $720,000.
Principle & Interest at 4.5% = $3648
Taxes are roughly $843
Total payment is $4491
Of this payment $3543 per month is tax deductible. Even with a combine federal/state bracket of 30% there is a deduction of over $1000 per month in taxes meaning a net payment of around $3400.

Change your screen name to Renting For More Than The Cost

lovelafayette says

I think you are having trouble with the numbers. Its sounds like you are renting a house for $3000 (which has a market rent of $3495) that sells for around $900,000.

Not sure how you are getting these numbers. My rent is $3k and the recent appraisal of the how was 1.3m. Guess you know better though. The number you are saying sound like the rental place that has been on the market for months with no takers.

lovelafayette says

If I want to buy that house with 20% down, I can take out a mortgage for $720,000.

Sure but you still have to put 20% down. If you pay all cash then you can own for just the cost of tax and insurance.

A better comparison would be to calculate a comparable PITI based on a hypothetical 0% down including all fees, appreciation, and probable residency, you know, like what you can do with Patrick's calculator.

lovelafayette says

Of this payment $3543 per month is tax deductible. Even with a combine federal/state bracket of 30% there is a deduction of over $1000 per month in taxes meaning a net payment of around $3400.

Not for me. Already into the AMT tax so a mortgage deduction does nothing to help. Taxes alone is enough to cover 6 months of my rent for a 1.3m house. People will still try to bend the math though. Very funny to watch.

Is it possible that RFHTC is talking about 570, and the rest of you are onto 573??

RentingForHalfTheCost says

Even Zillow has a pretty accurate range of ownership and rental for 573 Tawny.

921K to buy

2900/mth to rent. ( to which there were 0 takers)

Winner is Rent by a mile!

perhaps $525K would be better.. around $2900 mortgage.

the $525K would be last sale price in 1987 plus inflation.
seems that rent adjusted for inflation is right on par.

thomaswong.1986 says

RentingForHalfTheCost says

Even Zillow has a pretty accurate range of ownership and rental for 573 Tawny.

921K to buy

2900/mth to rent. ( to which there were 0 takers)

Winner is Rent by a mile!

perhaps $525K would be better.. around $2900 mortgage.

the $525K would be last sale price in 1987 plus inflation.

seems that rent adjusted for inflation is right on par.

20% down and the payment is $2200 at 4.875%. Plenty of places offer lower rates.

RentingForHalfTheCost says

lovelafayette says

Of this payment $3543 per month is tax deductible. Even with a combine federal/state bracket of 30% there is a deduction of over $1000 per month in taxes meaning a net payment of around $3400.

Not for me. Already into the AMT tax so a mortgage deduction does nothing to help. Taxes alone is enough to cover 6 months of my rent for a 1.3m house. People will still try to bend the math though. Very funny to watch.

Im definitely not an expert on taxes but I thought you only lose the property tax deduction with AMT. It says that you still get your mortgage deduction on purchase money loans for a primary residence.

"Suggestion: If you are subject to the AMT, there is no advantage to using your home equity line of credit to buy a car, because the interest will not be deductible."

Isn't that the whole reason to buy a home. Hence if you are already in AMT land then buying a home makes no sense. How can you turn it into an ATM machine? Honestly.

Goran_K says

So you know I have no reason to side with him, but I without doubt did call that number for Craig Property Management, and the woman on the other line said "It was rented months ago." Don't believe me? Here's a screen cap directly from my phone showing the number in my call history:

Here is also a snapshot of Goran while he is making the call. ;)

Now, that we have your full attention. You can do the math

Rent: 3495/Month
Own: 900K

If you had 900K of you own money to invest. All you need is to make 4.6% return on the 900K after taxes to cover the rent. Doesn't seem like too much of a stretch goal to me.

That doesn't even include the extra money you would cough up for prop taxes, maintenance, and insurance. Geez weez.

RentingForHalfTheCost says

Here is also a snapshot of Goran while he is making the call. ;)

At least I wore clean underwear.