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Patrick, why don't you leave the Bay Area?
invite response
2011 Dec 22, 11:52pm 38,100 views 115 comments
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114
RentingForHalfTheCost
2012 Jan 25, 7:53am
RentingForHalfTheCost
2012 Jan 25, 7:53am
Renting
http://sfbay.craigslist.org/pen/apa/2815195851.html
Here is another. That makes 2. I can find at least 1 a day on craigslist with a simple search. When I was looking to rent about 2 years ago there were many that I checked out, not just one.
The problem in your thinking is that people should put in great effort when renting money, but should not shop around when renting a house. To me they should be the same effort.
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That's probably the toughest housing market in the US to live in. At least in NYC there is modest housing in the outer boroughs, but in the Bay Area everything is expensive.
I'd agree northern California is also probably the nicest place to live in the US. But you have to start somewhere and the circumstances of most people's birth doesn't give them a big head start.
Why don't you move someplace like the Research Triangle or Austin? You could move back to the Bay Area and buy after saving money in a less expensive rental and purchase market. I agree renting is better for now in the Bay Area, but renting someplace else would be even cheaper.
You talk a lot about how the housing market is rigged, but that's partly due to price inelasticity from people not wanting to make long moves. One way to rationalize the market is to move away from high-priced areas and save up cash in low-cost areas.
#housing