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Non-Tech : Investing in Real Estate - Creative Opportunities

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To: tejek who wrote (2201)	4/8/2014 10:43:29 PM
From: John Vosilla	Read Replies (1) of 2722

Residents of more sprawling regions were stuck with fewer transportation options and higher combined costs of housing and transportation, despite higher housing costs in more compact cities. An average household in the San Francisco metro area (a national leader in terms of density, with a score of 194.1) spends 46.7 percent of its budget on combined housing and transportation. In Tampa, Florida, which scores a dismal 98.5, that proportion is 56 percent. If you eliminate the need for a car that is a huge savings factoring depreciation, interest, insurance, maintenance, repairs and gas could be $8-10k a year. Something to be said for healthier living in more compact cities too, BUT prices seem so far out of whack these days I wonder about health impacted by living in such high cost areas.. So take a couple living independent of a car in SF lets say they save $20k a year in the city. What cap rate should justify the incremental savings to be used to invest in your home? Say we use a 6% figure can be argued in this low rate environment they can buy a property equivalent to $333333 more in SF than say in Tampa

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