Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (100427)	5/24/2004 5:03:42 PM
From: Tommaso	Read Replies (1) of 132070

I was just looking at some places one could use a credit card to rent, in particular furnished apartments in the middle of San Franciso. You can take a one-bedroom furnished apartment for one month for as little as $2,100, but I bet there's big taxes on top of that. If that counts as half of, say a house costing $1,000,000, you are getting the use of a $500,000 place at a rate of about 6% annualized. Whereas you would pay an annualized rental rate of about $15,000 per annum for a possibly smelly motel room in any one of a thousand nondescript cloverleaf interchanges, and I bet that's not much less than the entire cost of building that one modular motel room. So San Francisco is a terrific bargain.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next