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Im looking for apartments in SF right now and can't find anything (decent) under $1700 for a 1 bed 1 bath. Maybe I just have expensive taste:).
by MatthewB 15y ago
Im looking for apartments in SF right now and can't find anything (decent) under $1700 for a 1 bed 1 bath. Maybe I just have expensive taste:).
- timr 15y agoNo, he's only counting interest on the loan, and his wife is paying half. It's not even remotely a fair comparison to a single founder living in the city. A more realistic "cheap" lifestyle in SF is probably $2500 a month if you're living on your own. And renting is substantially cheaper than owning here, unless you play stupid accounting games to pretend that you're not actually spending money.
- tomsaffell 15y ago>unless you play stupid accounting games What games would those be? What I did was: a) exclude principal repayments (they are not a cost, they are an investment. They are also entirely optional - any house buyer can take an interest only mortgage). b) factor in the tax advantage (which is actual money in my pocket, either by paying less withholding, or by getting a check from the IRS at the end of the year).