patrick.net

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.

RentingForHalfTheCost says

So you are admitting that now is a horrible time to buy. Thanks

Yup, you missed your opportunity. Now you get to rent and move at the landlord's discretion. (remember Foster City?) For people without kids in public school, this probably isn't too big a deal.

robertoaribas says

ahhh, is somebody bitter because they've been completely 100% butt ass wrong about the housing market?

It's ok, I'm sure there will be another crash... in like 7 to 10 years!

Why would I be "butt ass hurt" about the housing market? I actually bought a house and for way under market through a probate sale in one of California Coastal's most desirable cities. It's in a beautiful location. I can literally see the ocean from my backyard deck. The weather for the past few days has been in the low-70s. Most days I work outside when I don't have to go to a client's location. What do I have to be butt hurt about again?

Besides I wouldn't get butt hurt about material possessions. If I didn't buy a house and was priced out for 7-10 years, I'd still be okay with who I am. I do well at my job, and have worked with some of the biggest blue chip companies in my industry. I take pride in what I do, and people see that. Being able to take pride in what you do and being recognized for your professional skills is a beautiful thing.

It would make me butthurt though if people looked at who I was professionally and only had this to say:

Roberto Ribas
School: Scottsdale Community College
Location: Scottsdale, AZ
Department: Mathematics

2/28/13
MAT217
Poor Quality

Completely useless. Probably think Calculus is an emperor. If you have no other option in registering for his class, hire a tutor.

math212
Poor Quality

If you want to teach yourself calculus this is a perfect class for you. Barely teaches you anything.

1/13/11
math42
Poor Quality

i would not recommend this teacher to anyone. i learned more about his Dog and how many motorcycles he owns, and how many sports he plays, and how big his shoe size is( yes he told this to the ladies in class) worst math teacher i have ever had. just because the subject matter is easy in his own mind doesn't mean we get it. absolutely terrible
Report this rating

http://www.ratemyprofessors.com/ShowRatings.jsp?tid=643999

The above would make me really butt hurt, and I hope it would too for anyone who actually cared about their professional integrity.

rooemoore says

RentingForHalfTheCost says

So you are admitting that now is a horrible time to buy. Thanks

Yup, you missed your opportunity. Now you get to rent and move at the landlord's discretion. (remember Foster City?) For people without kids in public school, this probably isn't too big a deal.

Yes, I remember Foster City perfectly. Signed a 2yr rental lease knowing the owner was moving back in at the end. Got the place for about 75% of market rent and love it. Such great memories while I saved the difference each month.

I didn't miss anything. My savings have been on a great rise and have recently sold out of most of the growth positions that doubled over the last 3 years. No house would have come close to giving me returns that I've seen. That free money flow doesn't just appreciate housing prices, it moves stocks. The very cool thing is all I got to do is click a button to get the rewards, not hold open houses and chase people to close on a house. All the while paying some jack-ass 6% of my asset price. Crazy.

Also, sold out of many real estate holdings just this last 2 years. Haven't missed a thing.

Now, the question to me has always been the rent verses buy debate. Haven't seen the type of house I want/need win the buy side yet in SFBA. If it does, I'll be the first to report and jump in the buyers camp. I see the buyers, know most of them. A lot is family money, a lot is options/RSUs. Both them groups don't mind at all if a 20% downturn hits us. Me on the other hand do. All my money was hard earned, not given.

robertoaribas says

I'm seriously not understanding what you are even trying to say; usually I understand you, I just think you are stupid and not worth my time...

how are you measuring prices to state it over corrected. the only way to do that
is to peg past prices pegged to inflation. Rents have limits since they fluctuate.

is your local economy booming with higher incomes due to more jobs from California maybe ?

RentingForHalfTheCost says

Now, the question to me has always been the rent verses buy debate. Haven't seen the type of house I want/need win the buy side yet in SFBA. If it does, I'll be the first to report and jump in the buyers camp. I see the buyers, know most of them. A lot is family money, a lot is options/RSUs. Both them groups don't mind at all if a 20% downturn hits us. Me on the other hand do. All my money was hard earned, not given.

sure we had lots of family money and stock options in the past.. yet prices didnt sky rocket. many kept that money in savings.. we had 340 public companies back in early 90s and 400 by year 2000.. yet today we only have 200 active public companies... and a meager start up environment.

today, while options are not so easy and appreciate widely as before, prices certainly are way way off from the norm. We are still way way off the mark and certainly can be called Crazy market prices.

Keep Savings..