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I don't mind renting a home in San Jose, but there are very few I'd want to buy for the price they're asking. There's not much pride of ownership in a 50 year old shoebox.
KILLERJANE
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2012 May 10, 4:01am
And just wait till the plumbling to the street goes, that's starting about $15,000 in repair for the owner. The street plumbing is old and has been causing a lot of owners financial grief. 2 of my neighbors both got hit for it.
freak80
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2012 May 10, 4:03am
When I was in CA last year I was thinking the same thing: ugly ugly ugly and in bad condition.
I saw some nice places in Beverly Hills though...
KILLERJANE
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2012 May 10, 4:15am
Well, maybe 4800 to 5000 would pay the tab. But you still wouldn't get someone to pay that. You would need to pay PITI, HOA, REPAIRS, HIGHER TAXES FOR A NON OWNER OCCUPIED PROPERTY. Without getting enough rent to cover costs, you are stuck with the difference. That means you may be unable to afford a move.
Comments 1 - 7 of 56 Next » Last » Search these comments
Say you buy a 500,000 home and decide you need a change and want to move somewhere new? YOU CAN'T RENT IT FOR $6,000 A MONTH. So now you put yourself in your own little old decaying 1200 square foot jail. CONGRATULATIONS, YOU LOST THE LOTTERY. leave rants below.