August 24, 2007

Wanted: Buy or Rent Ads

Hey Burbed readers,

See any interesting “Buy or Rent Ads” lately?

You know, ads for the same property in the rent and in the buy sections of craigslist?

Let me know.

Thanks!

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Comments (3) -- Posted by: burbed @ 6:43 am

3 Responses to “Wanted: Buy or Rent Ads”

  1. sonarrat Says:
    August 24th, 2007 at 8:57 am

    I rent a 1/1 apartment in South San Francisco for $1075 a month. Right around the corner, there is an almost picture-perfect identical 1/1 condo with a view of the Taco Bell drive thru that they’re trying to pawn off for $366K plus $338/mo HOA. I would like to know whether I would break even after 30 years, but the rent vs. buy calculators just roll over howling with laughter when I put the numbers in.

  2. Renter Says:
    August 24th, 2007 at 9:31 am

    Vow, the rental yield is only 1.4%, better to buy Vanguard REITs Index fund (real estate fund), which yields around 4% now, or T-bill which yields even higher.

    (1075 – 338) * 12 / 366000 – 1% (property tax) = 1.4%

    You got very good deal. Enjoy!

    Possibly the owner bought it for less than 180k some years ago.

    (1075 – 338) * 12 / 180000 – 1% = 3.9%

  3. sonarrat Says:
    August 24th, 2007 at 7:56 pm

    Real estate fund? You have been paying attention to the market, right?


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