Quote:
Originally Posted by irishgrl
I can vouch for that....when I was living in the Bay Area (while I was going to Law School) I was astounded at what apartment rents were going for! I had section 8 (subsidized housing) so I was only paying $650/mo for a dirtbag 2bdrm apt. the nicer ones were going for $1000/mo easy. and thats RENT!!!
and that was even out in the outskirts of the bay, too! not even in SF...
my little 2bdrm 2bath manufactured home could sell for almost $200k!!! and I am in the mountains, not anywhere special 
but the commute to Chico kills me.  We've been paying over $3/gal for awhile now. California has the highest gas prices (and the highest overall home values/sticker prices) in the nation. Unfortunately without two incomes, or a profession that pays really well, a lot of people go under if they were stupid enuff to go for that crappy creative financing (I just think adjustable mortgage rates with balloon payments or anything that follows prime is a bad BAD thing.)
Sara, please see the link I posted about the comparison between housing costs in several states...its an eye opener. Your home could fetch a million or more depending on where you live....
ETA: here's the link:
http://money.cnn.com/2006/09/26/real...ment/index.htm |
Funny, my home falls into that exact profile. I think that's amazing. I remember going to San Francisco a couple years back, and being astounded by the amount of rent I saw in a apartment window. A 1500 square foot efficiency went for $1500/month!!! That's $600 more then my mortgage a month!!!