Bay Area- for a condo (without any equity) rental and mortgage payment math is not adding up and can’t afford a SFH (would be a stretch).

Any tips on how people approach this??

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Your question is a little confusing, can you clarify? I’m not sure if you are saying it’s too expensive to buy a condo to rent it out, or to live in

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Red states often make up the lower taxation with higher property taxes, which is why it’s so much cheaper to own a million dollar house in California than say, Texas

Eg, a million dollar home in Texas costs something like $1,600 per month more than a million dollar home on CA

It doesn’t make sense financially to buy a place just to rent out in the Bay Area for most people these days, unless you find a really good deal / are willing to put in the work to gut renovate or you are fully banking on future appreciation. So that is pretty normal. We have a rental in San Diego that we bought 6 years ago initially as a primary residence and since then has doubled in value; if we bought today there’s no way we would have turned it into a rental because rent definitely would not be enough cover the mortgage & prop taxes

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Are you asking about buying a primary residence? Or investment property?

How much do you have for a down payment? What’s your HHI?

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Avoid that state for rentals. Not a landlord friendly state…

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I wish I wasn’t adaptable. Humans aspire for a greater level of comfort and once achieved, adopt that as their new baseline. Because of this, somebody making $100k cannot simply comfortably revert back to a $50k lifestyle. The slow growth of personal wealth isn’t noticed as ideated. Instead, we are never satisfied.

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What will be the inhand for this with proper taxation?

P.s: want to compare with another but fishbowl don't allow to add 2 images
I just shared that too a while ago.

Please help i think the gratuity is extra

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December 31, 3018
Bitcoin: 30,000
Ethereum: 2500
Litecoin: 1000
Bitcoin Cash: 12,000
Ripple: 12
Cardano: 7
Neo: 500
Eos: 120
Dash: 3000

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Do you find it surprising that more people don't invest in cryptocurrencies ? Especially in the consulting industry

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At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

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