4 ms·
One thing that strikes me as odd, as someone not from the US, is that it’s kind of assumed that people are renting? I’d expect that lots of people in SV/Bay are
by Xenoamorphous 11mo ago
One thing that strikes me as odd, as someone not from the US, is that it’s kind of assumed that people are renting? I’d expect that lots of people in SV/Bay area would just buy the place, expensive as that might be.
- ghaff 11mo agoThere are a ton of costs even if you own and have paid off. Aside from my $5K/year property taxes, I've spent probably $50K (likely more) in the past year for costs related to a fire. Also some significant costs for deferred maintenance that had to happen. Some routine plowing and lawn/field maintenance that I could do myself but that would take capital costs (and time). So not a typical couple of years but I've spent well over $100K on my house even though it's paid-off. It's far from free once you've written that last check to a bank. Of course, modern condos will likely be cheaper but now you're paying HOA fees each month.