kaudrey
Thinks s/he gets paid by the post
About $16/sf in northern VA (just outside DC).
Currently: renting in downtown San Francisco: $65 per sqft
Next year: owning a house free and clear in a medium-size southern city: <$5 per sqft.
Vacation condo owned free and clear in large European metro area: $7 per sqft
Quite a range of costs. Obviously a mortgage makes a big difference.
Currently: renting in downtown San Francisco: $65 per sqft
Next year: owning a house free and clear in a medium-size southern city: <$5 per sqft.
Vacation condo owned free and clear in large European metro area: $7 per sqft
I hear ya.
$55 for a 1 bedroom apartment in Lafayette, an east bay suburb of San Francisco. For this I have the privilege of driving in 6 lanes of slow traffic pretty much any time of the day. And that's on the surface streets, not just the freeways.
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And maybe appreciation should be considered? Real estate is not just about negative cash flow. Also impossible to measure satisfaction but mine is very high despite the costs.
With appreciation we're at -$32, a bit more if we paid off the mortgage but the plan is not to. Home prices have increased pretty crazy in the SF Bay Area the last several years so our appreciation has outweighed our housing costs.
We also enjoy living where we do - pleasant weather most of the year, pretty scenery and lots to do.