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by winterchil
4409 days ago
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This totally explains why everyone is moving to Oakland but, as you say, not a fair comparison. Out of curiosity, how much would you estimate it costs to buy the house? Some quick math will let us figure out the rent vs. buy for your neighborhood. |
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My place was $470k and we paid about $72k in closing costs. Our loan is 3.625% for $417k.
You can still find nice places at that price point, but rates have gone up. So that's another reason why it isn't a fair comparison. But it's an option, and it isn't far away like other east bay places. And like I said, commute times are similar (35 minutes for me).