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Guess This CBS Journalist Reads Patrick.Net.....
invite response
2014 Nov 12, 10:59pm 4,275 views 9 comments
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retire59
2014 Nov 12, 11:04pm
One thing they do not mention is what we did in the SFBA as home prices were way to high for our income...we rented and put the extra money into our retirement account...now we retired early, bought a home where the prices are affordable and worth their value and live off of our retirement income...another type of so-called 'investment'. 😀
Not in the current SFBA market. It's the fastest way to go broke. Investors have killed the market for not only the average homebuyer but renters as well.
If you rented from say 2002 to 2012 rents were less than most mortgages and saving was a possibility.
Admittedly, this is a couple of blocks to campus so they can charge a premium, but still... $2445 / 2br - 505ft² - Awesome 2 Bedroom Apartment Perfect 4 Roommates!
"How renting may pave a faster road to riches."
For Slum Lord owners of shacks.
New Renter
2014 Nov 13, 1:03pm
One thing they do not mention is what we did in the SFBA as home prices were way to high for our income...we rented and put the extra money into our retirement account...now we retired early, bought a home where the prices are affordable and worth their value and live off of our retirement income...another type of so-called 'investment'. 😀
Where's that?
Ceffer
2014 Nov 13, 3:27pm
After most people pay rent to stay in the bay area, they can only afford to retire in Bangladesh.
retire59
2014 Nov 13, 11:48pm
One thing they do not mention is what we did in the SFBA as home prices were way to high for our income...we rented and put the extra money into our retirement account...now we retired early, bought a home where the prices are affordable and worth their value and live off of our retirement income...another type of so-called 'investment'. 😀
Where's that?
We now live near Yosemite and love it!
New Renter
2014 Nov 15, 12:16pm
One thing they do not mention is what we did in the SFBA as home prices were way to high for our income...we rented and put the extra money into our retirement account...now we retired early, bought a home where the prices are affordable and worth their value and live off of our retirement income...another type of so-called 'investment'. 😀
Where's that?
We now live near Yosemite and love it!
Agree, that is some fine country. Great place for a vineyard or orchard.
http://www.cbsnews.com/news/renting-may-offer-a-faster-road-to-riches