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MESH DiaWebLog |
Saturday, May 19, 2007 Friday, May 18, 2007 Wednesday, May 16, 2007 Tuesday, May 15, 2007 (W-) I like how it defaults (at least for me), to a relatively high rent of $1112, but a quite low house price of $220,000 (W-) Inputting my information, buying is better if the annual home appreciation is >6%. Not sure if that is valid in Silicon Valley over the next 10-15 years or not. (W-) But that first year is still an $80k-$100k loss.
(tkurc) nice, I'm already better off than if I was renting (tkurc) wonder if they account for mortgage interest being tax deductible
(dhelder) To buy the place I'm renting, it'd be worth it in 5 years only if home prices appreciate 5%/year (dhelder) Maybe that's true here. I don't think it's sustainable.
(W-) Would be nice to know what the average appreciation rate has been over the last several decades... (W-) A nice plot or something (W-)  (W-) Or you can get the data yourself and plot it: (W-)  (W-)  (W-) Seems like its about a ~60% chance any given quarter will beat 5% appreciation, but hoping for 5 or 10 years of that in a row... (W-) The idea of spending nearly $3 million in rent over the next 30 years isn't real appealing either, though.
(dhelder) You're paying $8333/month in rent?
(W-) Inflation over 30 years is a bitch (yeah its closer to $2 mil)
(dhelder) Though you don't get interest on a morgage back either. Or property taxes. (dhelder) Buying in AA wasn't worth it for me mostly because of the property taxes.
(tkurc) I think taxes are tax deductable
Monday, May 14, 2007 |