To buy or to rent? That is the question.
In March we posted about 144 N. Rios, a lovely condo that inexplicably wasn't selling at the low low price of just $1.55 million. Well, Varones readers haven't missed the boat: it's still available.
Let's do the math on that. If you're can find someone who will give you a jumbo loan for 5.5% (good luck!) with 20% down, you'll pay $7000 a month. Add in $1500 a month for property taxes and $150 a month in HOA fees, and the lost $1000 a month you would be earning in munis on your down payment, and a few hundred for insurance and maintenance, and you're looking at $10,000 a month. Plus depreciation.
Meanwhile, next door is a luxury 3-bedroom condo with an ocean view for rent for $2775 a month.
You make the call.
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
Gavin Newsom's insane new executive order commands Californians to stay in their homes "until further notice" "except as...
Democrats are talking about repealing the SALT limits. What nobody's talking about is that SALT is largely irrelevant to the middle clas...