leftcoastdeac
Robert O'Kelley
- Joined
- Mar 17, 2011
- Messages
- 8,477
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to buy a house in my neighborhood similar to what i rent i'd be looking at $200k down and a mortgage+taxes at at least $4,500 a month. i save over a grand a month renting and put it in a brokerage account. i miss out on the mortgage interest deduction which is the biggest place where it would be beneficial. i also could pick up and move at any time and i don't have to worry about my rent increasing.
Bay Area real estate is stupid. I was in Noe Valley visiting my SIL/BIL a few weeks back and they just moved from a ~700 sqft place into a 2 bedroom. Their old place underwent some mild renovations and the landlord turned it around for like $5200 / month.