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Price this Pleasanton rental!


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2013 Aug 13, 9:17am   3,195 views  13 comments

by RentingForHalfTheCost   ➕follow (2)   💰tip   ignore  

http://sfbay.craigslist.org/eby/apa/3999615724.html

How much would it sell for? $200/sqft? $300/sqft? more?

Is ownership cheaper here? You do the math.

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1   RentingForHalfTheCost   2013 Aug 13, 9:20am  

Zillow has it at over 1.1m. The mortgage payment is over $1k higher than the rent payment, that is not even including all the other crap. Interesting...

http://www.zillow.com/homes/701-Crystal-Lane-Pleasanton,-CA-94566_rb/

4   RWSGFY   2013 Aug 13, 12:50pm  

I never understood how the numbers worked for my last landlord: the house was bought in 2006 for $800K, had monthly HOA dues at $575 and was rented for $2800. It wasn't a cash purchase either - it had a mortgage at 2006 rates and was never refinanced.

6   Bigsby   2013 Aug 13, 1:20pm  

RentingForHalfTheCost says

Bigsby says

RentingForHalfTheCost says

Interesting...

Why?

Why not?

Perhaps because it's not particularly interesting that you can find a property with a higher estimate than its potential rent would suggest. There's rather a lot of such houses all around the world.

7   RentingForHalfTheCost   2013 Aug 13, 1:29pm  

Bigsby says

RentingForHalfTheCost says

Bigsby says

RentingForHalfTheCost says

Interesting...

Why?

Why not?

Perhaps because it's not particularly interesting that you can find a property with a higher estimate than its potential rent would suggest. There's rather a lot of such houses all around the world.

To you it is not interesting. To me it shows the cracks in the fake cement. ;)

8   Bigsby   2013 Aug 13, 1:31pm  

RentingForHalfTheCost says

Bigsby says

RentingForHalfTheCost says

Bigsby says

RentingForHalfTheCost says

Interesting...

Why?

Why not?

Perhaps because it's not particularly interesting that you can find a property with a higher estimate than its potential rent would suggest. There's rather a lot of such houses all around the world.

To you it is not interesting. To me it shows the cracks in the fake cement. ;)

Then the cracks have been there for a very, very long time.

9   RentingForHalfTheCost   2013 Aug 13, 1:40pm  

Bigsby says

Then the cracks have been there for a very, very long time.

It is all relative. 1992 was not that long ago to a rock, but for a mosquito many generations have come and gone.

10   Bigsby   2013 Aug 13, 1:41pm  

RentingForHalfTheCost says

Bigsby says

Then the cracks have been there for a very, very long time.

It is all relative. 1992 was not that long ago to a rock, but for a mosquito many generations have come and gone.

I suspect it's a very, very long time in terms of your lifetime.

11   RentingForHalfTheCost   2013 Aug 13, 1:44pm  

Bigsby says

RentingForHalfTheCost says

Bigsby says

Then the cracks have been there for a very, very long time.

It is all relative. 1992 was not that long ago to a rock, but for a mosquito many generations have come and gone.

I suspect it's a very, very long time in terms of your lifetime.

Umm, I guess so...

12   Bigsby   2013 Aug 13, 1:47pm  

RentingForHalfTheCost says

Bigsby says

RentingForHalfTheCost says

Bigsby says

Then the cracks have been there for a very, very long time.

It is all relative. 1992 was not that long ago to a rock, but for a mosquito many generations have come and gone.

I suspect it's a very, very long time in terms of your lifetime.

Umm, I guess so...

So I guess you'll be renting/living in the basement for the rest of your life.

13   RentingForHalfTheCost   2013 Aug 13, 11:52pm  

Bigsby says

RentingForHalfTheCost says

Bigsby says

RentingForHalfTheCost says

Bigsby says

Then the cracks have been there for a very, very long time.

It is all relative. 1992 was not that long ago to a rock, but for a mosquito many generations have come and gone.

I suspect it's a very, very long time in terms of your lifetime.

Umm, I guess so...

So I guess you'll be renting/living in the basement for the rest of your life.

If the basement is a 2200 sqft house with pool/spa/bbq on a huge lot in a perfect location, then I guess yes. I will stay here until the rent verses owning ratio flips in my favor. Right now it is so much for renting I only post here to understand how people are ignoring the obvious math calculation.

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