I rent a room in a nice home in Ventura for $550 per month and have use of a kitchen, bathroom and living room. Its far cheaper than the ridiculous rents for $1300 per month in Camarillo/Ventura for a 1 bedroom apartment and far cheaper than a massive 5-8k mortgage payment each month. I get nailed on taxes but once I form the business and get this setup I can get better tax savings without the risk of home ownership. I am waiting a few years at least to see what happens to home prices in Los Angeles, San Fernando Valley, Santa Monica, Ventura, Orange County and San Diego. After all, how many suckers can really spend 5-20k per month on a mortgage? Maybe 1% of the population is my guess.
