2 ms·
I'm not well versed in SF, but whats going on there is whats going on in Chicago. Due to a few factors like migration back into the city and gentrification, ren
by drzaiusapelord 13y ago
I'm not well versed in SF, but whats going on there is whats going on in Chicago. Due to a few factors like migration back into the city and gentrification, rent values have gone up pretty high in Chicago and much higher in SF. Renters are seeing rates that they simply cannot afford in the long run. Meanwhile, homeowners are seeing the value of their homes go up. Its a win for the owners and a loss for the renters.
The decision to own isn't a static one. Its a relationship between what a house costs and what renting costs and when its appropriate to make the move. On top of that, one needs to worry about what happens in 20-30 years. I'll be retired with a paid off home and a low property tax load due to a senior exemption. Lifelong renters will still need to pay full rent until their dying day. This can affect when or even if you retire.