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agreed, i do put taxes in that comparison but they got lost somewhere in blog land…

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good point

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good point

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good point

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good point

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good point

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sd realtor i am not talking about renting these places out (i thimk urban realtor got on that track), i am making a rent vs buy comparison, ie can you buy for around what it would cost you to rent, and suggesting that if you can it would probably be a good move to buy if you know you are going to be there for a long time and you can find a home you really like. i understand all that projected rate of return on $ invested stuff, just trying to keep it simple…

so prices haven’t droped that much in CV and some other upper middle class areas?(rich’s graphs say the same) i say they will get there, prices are still too high in those areas and the reason they haven’t come down is simply the sellers are better off with more staying power, just don’t buy until they do, what say you?

[bake]

sd realtor i am not talking about renting these places out (i thimk urban realtor got on that track), i am making a rent vs buy comparison, ie can you buy for around what it would cost you to rent, and suggesting that if you can it would probably be a good move to buy if you know you are going to be there for a long time and you can find a home you really like. i understand all that projected rate of return on $ invested stuff, just trying to keep it simple…

so prices haven’t droped that much in CV and some other upper middle class areas?(rich’s graphs say the same) i say they will get there, prices are still too high in those areas and the reason they haven’t come down is simply the sellers are better off with more staying power, just don’t buy until they do, what say you?

[bake]

sd realtor i am not talking about renting these places out (i thimk urban realtor got on that track), i am making a rent vs buy comparison, ie can you buy for around what it would cost you to rent, and suggesting that if you can it would probably be a good move to buy if you know you are going to be there for a long time and you can find a home you really like. i understand all that projected rate of return on $ invested stuff, just trying to keep it simple…

so prices haven’t droped that much in CV and some other upper middle class areas?(rich’s graphs say the same) i say they will get there, prices are still too high in those areas and the reason they haven’t come down is simply the sellers are better off with more staying power, just don’t buy until they do, what say you?

[bake]

sd realtor i am not talking about renting these places out (i thimk urban realtor got on that track), i am making a rent vs buy comparison, ie can you buy for around what it would cost you to rent, and suggesting that if you can it would probably be a good move to buy if you know you are going to be there for a long time and you can find a home you really like. i understand all that projected rate of return on $ invested stuff, just trying to keep it simple…

so prices haven’t droped that much in CV and some other upper middle class areas?(rich’s graphs say the same) i say they will get there, prices are still too high in those areas and the reason they haven’t come down is simply the sellers are better off with more staying power, just don’t buy until they do, what say you?

[bake]

sd realtor i am not talking about renting these places out (i thimk urban realtor got on that track), i am making a rent vs buy comparison, ie can you buy for around what it would cost you to rent, and suggesting that if you can it would probably be a good move to buy if you know you are going to be there for a long time and you can find a home you really like. i understand all that projected rate of return on $ invested stuff, just trying to keep it simple…

so prices haven’t droped that much in CV and some other upper middle class areas?(rich’s graphs say the same) i say they will get there, prices are still too high in those areas and the reason they haven’t come down is simply the sellers are better off with more staying power, just don’t buy until they do, what say you?

[bake]

sd reator, aren’t prices getting close to that level, when you consider the tax deduction and principal reduction, as i said in a recent post, as follows..

“scaredycat, the fundamentals suggest there is still some downside in the san diego market, but if you are sure you want to live there for 10-20 years, and you find a home you really love, go ahead and buy it if your monthly payment on the purchase would be close to what you could rent it for, for example: purchase price 400k, loan amount 400k @ 7%, payment is 2646 plus 480 tax and insur for a total of 3126. say you can write off 30% for a net payment of 2188; if this home would rent for that much, i would say it will be a good investment.”

sd realtor don’t forget on a loan of 400k fully amortized 30/30 you have a principal reduction of about 320 on your first payment also, wouldn’t a 400k house usually rent for 2000 p/mo?

[bake]

sd reator, aren’t prices getting close to that level, when you consider the tax deduction and principal reduction, as i said in a recent post, as follows..

“scaredycat, the fundamentals suggest there is still some downside in the san diego market, but if you are sure you want to live there for 10-20 years, and you find a home you really love, go ahead and buy it if your monthly payment on the purchase would be close to what you could rent it for, for example: purchase price 400k, loan amount 400k @ 7%, payment is 2646 plus 480 tax and insur for a total of 3126. say you can write off 30% for a net payment of 2188; if this home would rent for that much, i would say it will be a good investment.”

sd realtor don’t forget on a loan of 400k fully amortized 30/30 you have a principal reduction of about 320 on your first payment also, wouldn’t a 400k house usually rent for 2000 p/mo?

[bake]

sd reator, aren’t prices getting close to that level, when you consider the tax deduction and principal reduction, as i said in a recent post, as follows..

“scaredycat, the fundamentals suggest there is still some downside in the san diego market, but if you are sure you want to live there for 10-20 years, and you find a home you really love, go ahead and buy it if your monthly payment on the purchase would be close to what you could rent it for, for example: purchase price 400k, loan amount 400k @ 7%, payment is 2646 plus 480 tax and insur for a total of 3126. say you can write off 30% for a net payment of 2188; if this home would rent for that much, i would say it will be a good investment.”

sd realtor don’t forget on a loan of 400k fully amortized 30/30 you have a principal reduction of about 320 on your first payment also, wouldn’t a 400k house usually rent for 2000 p/mo?

[bake]

sd reator, aren’t prices getting close to that level, when you consider the tax deduction and principal reduction, as i said in a recent post, as follows..

“scaredycat, the fundamentals suggest there is still some downside in the san diego market, but if you are sure you want to live there for 10-20 years, and you find a home you really love, go ahead and buy it if your monthly payment on the purchase would be close to what you could rent it for, for example: purchase price 400k, loan amount 400k @ 7%, payment is 2646 plus 480 tax and insur for a total of 3126. say you can write off 30% for a net payment of 2188; if this home would rent for that much, i would say it will be a good investment.”

sd realtor don’t forget on a loan of 400k fully amortized 30/30 you have a principal reduction of about 320 on your first payment also, wouldn’t a 400k house usually rent for 2000 p/mo?

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