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It seems in the bay area that figure isn't accurate. From my experience the term is even greater than 150 months, often more than 200. I guess this means rent i
by s0rce 10y ago
It seems in the bay area that figure isn't accurate. From my experience the term is even greater than 150 months, often more than 200. I guess this means rent is cheap here (or conversely the price to buy is very high, probably partly because mortgage rates are so low and the interest is tax deductible).
- user5994461 10y agoIn most cities (not limited to US) it now takes 20 or 30 years of rent to make up the price of a property.
- raverbashing 10y agoHello Bubble
- bbcbasic 10y agoAhh. The good ol' days when it was only 20 yrs rent.
- user5994461 10y agoAnd the rent wasn't 50% of your income.