Quote:
Originally Posted by ASAP
a financially responsible person would move otherwise...
i read a stat that only about 9% of the san francisco population (household) makes over 100k... umm sorry, the other 91% must live in shelters imho
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When I bought my house I really stretched to do it, but I made it work. I had a friend rent a room for a while.
Over the years I have been able to refi to lower my interest rate (not pull out equity), I also make quite a bit more, now I couldn't rent a studio apartment where I live for the amount I pay for my mortgage.
Like it or not, buying a house out here isn't just a 'housing expense' its an investment. Even if you never sell, you have locked in your monthly housing expense. Rents out here are absolutely nuts, I could rent my house out for WAY more then I pay every month.