5 ms·

Why rent if you can buy? Buying in SF is currently cheaper then Renting[1] not to mention its one of the best investments out there (better then apple stock ov

• the_watcher 12y ago
  Coming from Austin (high property tax, no state income tax), a decent number of very successful people I spoke to there told me they planned on possibly moving to CA to retire simply because of the flipped property/income tax ratio (and them wanting CA weather over the other low property tax states).
• r00fus 12y ago
  > better then apple stock over the past 2 years) That's extrapolating based on current conditions. It's a bet that a) nothing meaningful is done about housing supply, b) the overall market doesn't turn south and c) the US cheap-dollar policy of low prime rates doesn't change. I'd be suspicious about 2&3, though I'd probably agree about (1) - never underestimate municipal incompetence when that incompetence means tax coffers fill faster.