News for hackers. Stuff that matters.

A comment on Asking rents in San Francisco continue to slip, but…. Parent comment

Re:Asking rents in San Francisco continue to slip, but… by xur17 on Monday April 26, 2021 @07:07PM (#26949469)
Buying very well might be a better option for you, but there are downside you aren't listing from owning:

* high transactions costs (if you decide to move after a few years, say goodbye to all of those savings)

* lower liquidity (if you rent, you can just call the landlord and break the lease. if you buy, you have to find an agent, stage the house, and wait for offers)

* highly concentrated market risks

[ Parent | on HN ]
Re:Asking rents in San Francisco continue to slip, but… by noodle on Monday April 26, 2021 @07:39PM (#26949727)
Most regular non-trivial maintenance is also on your plate as a homeowner. Need a new roof? That's on you, and isn't reflected in the standard monthly payment. If you rent, its on the property owner.
[ Parent | on HN ]