With renting you are protected from large rent increase, if you find a rent protected home. People that stayed in their units for the last 25 years are paying about 1/3 what the market rate will bear for their rent.
But Prop 13 makes owning pretty nice in Cali.... more
How many sellers under estimate their sq footage? Its a ethical question.........The obsession with "cost" (buyer perspective) per sq foot is that it provides a quantitative method of performing comparable analysis. From the sellers perspective, "Price" per sq foot provides a baseline in which to "price" their property. In this buyers market cost per sq foot means everything. The most important part of performing a comparable analysis is that old cliche "comparing apples to apples." Qualitative analysis such as valuing a view is a great way to price in a premium from the sellers perspective. I personally think from a buyers perspective paying premium in this market for a view is not the way most people are thinking right now.... more
Here's a great article from the Noe Valley Voice discussing the stats from November and December 2006. Feel free to email me at firstname.lastname@example.org and I can send you a report covering the entire year.... more