Marin columnist slams SF's hypocrisy in housing (San Francisco, Hayward: how much, home)

[bmw335xi]

Originally Posted by Perma Bear

I guess 95% of the population is poor in your eyes if 4K a month isn't saving enough.

You just said in this thread or a differnet one that it's impossible for you to buy a property in the Bay Area, yet you say you save $4k per month, walk 20 miles per day and what else have you said? I've lost count of them lol.

[Perma Bear]

Originally Posted by bmw335xi

You just said in this thread or a differnet one that it's impossible for you to buy a property in the Bay Area, yet you say you save $4k per month, walk 20 miles per day and what else have you said? I've lost count of them lol.

If a million dollar 2 bedroom house appreciates 4-5% a year it can almost or indefeinitely stay ahead of my ability to accumulate money even factoring in stock market growth. It's a simple math problem. 4K x 12 = 48,000
1,000,000 x .05 = 50,000
50,000 > 48,000

[bmw335xi]

Originally Posted by Perma Bear

If a million dollar 2 bedroom house appreciates 4-5% a year it can almost or indefeinitely stay ahead of my ability to accumulate money even factoring in stock market growth. It's a simple math problem. 4K x 12 = 48,000
1,000,000 x .05 = 50,000
50,000 > 48,000

Why do you need a million plus property? You can find 2 bedrooms for less than that in the Bay Area.

On a side note, property values will mot increase 5% every year forever lol.

[brightdoglover]

Originally Posted by Perma Bear

I don't see you donating. They could have built their city farther from the Atlantic Ocean.

The Atlantic? Houston is quite far from the Atlantic, actually. Perhaps you meant the Gulf of Mexico. Anyway, the flooding was from the rain, not the ocean, at least in Houston.

[Perma Bear]

Originally Posted by bmw335xi

Why do you need a million plus property? You can find 2 bedrooms for less than that in the Bay Area.

On a side note, property values will mot increase 5% every year forever lol.

I'm sorry, they usually increase at 10-20%.

The 500k houses in the east bay appreciate even faster (25%+ a year) so they go up faster than I can save too.

[Perma Bear]

Originally Posted by brightdoglover

The Atlantic? Houston is quite far from the Atlantic, actually. Perhaps you meant the Gulf of Mexico. Anyway, the flooding was from the rain, not the ocean, at least in Houston.

The Gulf of Mexico is part of the Atlantic. That's like saying water in the cup isn't part of the planet since it's no longer touching soil.

[aslowdodge]

Originally Posted by Perma Bear

The Gulf of Mexico is part of the Atlantic. That's like saying water in the cup isn't part of the planet since it's no longer touching soil.

The Pacific Ocean touches the Gulf of Mexico. By your logic it should also be called the Atlantic Ocean.

[Perma Bear]

Originally Posted by aslowdodge

The Pacific Ocean touches the Gulf of Mexico. By your logic it should also be called the Atlantic Ocean.

Not really, and seriously look it up, the Gulf of Mexico is part of the Atlantic. https://www.thoughtco.com/geography-...mexico-1435544

[aslowdodge]

Originally Posted by Perma Bear

I'm sorry, they usually increase at 10-20%.

The 500k houses in the east bay appreciate even faster (25%+ a year) so they go up faster than I can save too.

Well you must not be a very savvy investor. I already ran your numbers you claim to make and have and your DTI and I showed you could get a house up to $450K, possibly $500K .

If you put down 20% that's a $100K of your precious nest egg.

25% a year you claim on a $500K house is $125K per year. Your ROI on the $100K you put down is 125% per year, far more than you make in the stock market.

You're a fool for sitting here complaining to all of us you can't afford a house when in fact you can.
Based on your claim houses rise 25% you're an even bigger fool for letting that opportunity pass you by.

[Perma Bear]

Originally Posted by aslowdodge

Well you must not be a very savvy investor. I already ran your numbers you claim to make and have and your DTI and I showed you could get a house up to $450K, possibly $500K .

If you put down 20% that's a $100K of your precious nest egg.

25% a year you claim on a $500K house is $125K per year. Your ROI on the $100K you put down is 125% per year, far more than you make in the stock market.

You're a fool for sitting here complaining to all of us you can't afford a house when in fact you can.
Based on your claim houses rise 25% you're an even bigger fool for letting that opportunity pass you by.

I preapproved for 400k with a downpayment of 100k, not all the money is accessible for a downpayment and there is closing costs on the loan to pay for.
You're poor at math.

It's a completely inaccessible market.

The only thing I can buy is a crap 1 bedroom condo and those aren't even appreciating anymore.