Is it better to buy or rent a home in the Bay Area?

Published 2024-04-30

All Comments (10)
  • @espnmk
    NIMBY, an acronym for the phrase "not in my back yard", is a characterization of opposition by residents to proposed infrastructure developments in their local area, as well as support for strict land use regulations.
  • @beatpirate8
    for insurance i had to add a water leak detector and change the rest of the pipes to new pipes out to sidewalk. its an earthquake zone. so no one wants to insure earthquake prone areas and pay for all that i get it. it cost money… but i fixed it all and feel better for the upgrade
  • @user-fb6hy2eh5y
    What is the purpose of installing an additional water line & meter? The ADU owner can simply tack on estimated water cost to the rent. It's called "utilities included". I think the purpose is to have a periodic ADU water fee in the future.
  • @beatpirate8
    i sometimes wonder if uts worth to buy… ive had to fix and redo so many things because most houses in sf and oakland are old. mine is 101 years. i lost insurance this year and had to buy new plan. i wondered after more repairs 13k of my savings on top of 130k fixing it to move in. was it worth it? im not in a safe area that i want to live. its just convenient location and cheap. 775k . if i rented i would have not had to repair anything and i lived where i wanted w friends … but condos were not much cheaper. 650k or more for one room but hoa 750 a month. get out of here! and that hoa doesnt cover unexpected repairs. like a roof leak.
  • Montara water district is just doing a money grab. Aside from the one time cost, they're now getting an additional bimonthly service fee for the ADU before one drop of water is even used. Note the contractor said the requirements are that the size of the line is way bigger than needed. Duh. The bigger the pipe, the higher the bimonthly fee.
  • This is not the end of it for expensive dwellings you just have to look over at Japan and Hong Kong and some parts of crowded Europe and we are headed that way.
  • @BuhodePiedra
    They mean it’s cheaper to rent (if you aren’t grand fathered in to affordable home ownership (like the majority of the older generation is due to prop13)). Then it’s much more affordable to own and you are also sitting on millions in equity. But besides that…
  • @Me97202
    And people wonder why homelessness is so bad and getting worse.
  • He should be happy that his city is requiring that. Everywhere else that is letting ADUs/Multiplexes without building the necessary piping infrastructure causes sinkholes, main breaks, clogged pipes, and most of CA is still on cast iron that rusts. Moreover, more density equates to more fire hazard and folks susceptible to the risk. The biggest issue to affordable housing is that fact that all the funds are being embezzled for lavish parties and > $100k+ sometimes $1M + salaries of all of these nonprofits that are supposed to house folks. One of the “largest affordable housing providers” in SF is under federal investigation due to the above. Lastly, the regulatory boards and > 400k regulations just sucks you dry before you can even lift off such a project. There’s great intentionality behind why California makes building challenging for the little guy, yet force taxpayers to eventually fund these Billionaire 15-minute cities. All of the problems we face in society are completely manufactured.