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La Jolla Renter.
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December 4, 2008 at 10:24 AM #311776December 4, 2008 at 10:56 AM #311313
Ren
Participant[quote=poorsaver]Per zillow, which I know has it’s inconsistencies, it’s currently valued at $2.4M. Checking with my realtor, it does seem to be accurate.[/quote]
Zillow isn’t just inconsistent, it can be wildly inaccurate. Take that out of the equation completely and only look at comps in that area at that time.
December 4, 2008 at 10:56 AM #311670Ren
Participant[quote=poorsaver]Per zillow, which I know has it’s inconsistencies, it’s currently valued at $2.4M. Checking with my realtor, it does seem to be accurate.[/quote]
Zillow isn’t just inconsistent, it can be wildly inaccurate. Take that out of the equation completely and only look at comps in that area at that time.
December 4, 2008 at 10:56 AM #311697Ren
Participant[quote=poorsaver]Per zillow, which I know has it’s inconsistencies, it’s currently valued at $2.4M. Checking with my realtor, it does seem to be accurate.[/quote]
Zillow isn’t just inconsistent, it can be wildly inaccurate. Take that out of the equation completely and only look at comps in that area at that time.
December 4, 2008 at 10:56 AM #311719Ren
Participant[quote=poorsaver]Per zillow, which I know has it’s inconsistencies, it’s currently valued at $2.4M. Checking with my realtor, it does seem to be accurate.[/quote]
Zillow isn’t just inconsistent, it can be wildly inaccurate. Take that out of the equation completely and only look at comps in that area at that time.
December 4, 2008 at 10:56 AM #311786Ren
Participant[quote=poorsaver]Per zillow, which I know has it’s inconsistencies, it’s currently valued at $2.4M. Checking with my realtor, it does seem to be accurate.[/quote]
Zillow isn’t just inconsistent, it can be wildly inaccurate. Take that out of the equation completely and only look at comps in that area at that time.
December 4, 2008 at 12:01 PM #311354La Jolla Renter
ParticipantOf course renting sucks if you sell a house for $2M and rent something worth much less. $2,800 a month gets you a about a 650k valued house. You are not comparing apples to apples.
I am in a decked out property worth about 1.5M and my rent is 3,500 a month. I am renting for about 1/3 of the total carrying costs of owning.
I have no complaints… renting has been very good to me.
December 4, 2008 at 12:01 PM #311711La Jolla Renter
ParticipantOf course renting sucks if you sell a house for $2M and rent something worth much less. $2,800 a month gets you a about a 650k valued house. You are not comparing apples to apples.
I am in a decked out property worth about 1.5M and my rent is 3,500 a month. I am renting for about 1/3 of the total carrying costs of owning.
I have no complaints… renting has been very good to me.
December 4, 2008 at 12:01 PM #311740La Jolla Renter
ParticipantOf course renting sucks if you sell a house for $2M and rent something worth much less. $2,800 a month gets you a about a 650k valued house. You are not comparing apples to apples.
I am in a decked out property worth about 1.5M and my rent is 3,500 a month. I am renting for about 1/3 of the total carrying costs of owning.
I have no complaints… renting has been very good to me.
December 4, 2008 at 12:01 PM #311763La Jolla Renter
ParticipantOf course renting sucks if you sell a house for $2M and rent something worth much less. $2,800 a month gets you a about a 650k valued house. You are not comparing apples to apples.
I am in a decked out property worth about 1.5M and my rent is 3,500 a month. I am renting for about 1/3 of the total carrying costs of owning.
I have no complaints… renting has been very good to me.
December 4, 2008 at 12:01 PM #311830La Jolla Renter
ParticipantOf course renting sucks if you sell a house for $2M and rent something worth much less. $2,800 a month gets you a about a 650k valued house. You are not comparing apples to apples.
I am in a decked out property worth about 1.5M and my rent is 3,500 a month. I am renting for about 1/3 of the total carrying costs of owning.
I have no complaints… renting has been very good to me.
December 4, 2008 at 1:03 PM #311399Anonymous
GuestIn your calcs, you can factor out payments, because I didn’t have any as the house was paid for in cash.
Then you have to factor in a conservative 3.5% interest from a CD of 2.0M dollars over that term. That happens to be about $5800 a month in interest, or $208,000 over three years.
I would also say that it’s always going to be difficult coming out ahead when you own the house outright versus renting. Or if you pay for the house in cash versus the cost in renting.
December 4, 2008 at 1:03 PM #311757Anonymous
GuestIn your calcs, you can factor out payments, because I didn’t have any as the house was paid for in cash.
Then you have to factor in a conservative 3.5% interest from a CD of 2.0M dollars over that term. That happens to be about $5800 a month in interest, or $208,000 over three years.
I would also say that it’s always going to be difficult coming out ahead when you own the house outright versus renting. Or if you pay for the house in cash versus the cost in renting.
December 4, 2008 at 1:03 PM #311785Anonymous
GuestIn your calcs, you can factor out payments, because I didn’t have any as the house was paid for in cash.
Then you have to factor in a conservative 3.5% interest from a CD of 2.0M dollars over that term. That happens to be about $5800 a month in interest, or $208,000 over three years.
I would also say that it’s always going to be difficult coming out ahead when you own the house outright versus renting. Or if you pay for the house in cash versus the cost in renting.
December 4, 2008 at 1:03 PM #311808Anonymous
GuestIn your calcs, you can factor out payments, because I didn’t have any as the house was paid for in cash.
Then you have to factor in a conservative 3.5% interest from a CD of 2.0M dollars over that term. That happens to be about $5800 a month in interest, or $208,000 over three years.
I would also say that it’s always going to be difficult coming out ahead when you own the house outright versus renting. Or if you pay for the house in cash versus the cost in renting.
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