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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (2206)	4/9/2014 12:42:10 AM
From: tejek	Read Replies (1) \| Respond to 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. The cost of living in Trenton or Atlantic City, NJ or in Champaign-Urbana or Springfield, IL or Madison is fairly cheap. And I know this has become a thing between us but CA prices are not out of whack for Californians. Its just as normal as the low housing prices in upstate NY or in PA. I would be more concerned with the low prices in those two places than the high prices in CA. . 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 Sorry. I am not sure what you are asking or suggesting.