[quote=Eugene][quote=CONCHO]This is a very nice 60K-80K house in many parts of the country, that would rent for $500-$600 a month.
I think the rent here for that place would be more than $1000/mo. They still overpaid in this case, people probably always will in certain neighborhoods.[/quote]
You don’t even have to go to a different part of the country.
Just a few miles away, south of 94, houses this exact size and age go for 75k-100k.
Location, location, location.[/quote]
I don’t pretend to be intimately familiar with all the downsides to living in the “city,” but this suburban kid would die to own in a place like Burlingame. Believe me, my wife has had her fill of that talk.
