Rent vs. Buying
I know that home
prices are up dramatically in the bay area, but those prices are being out
paced by the increases in rent in our area as well. Recently this article from
Zumper shows that 3 of the top 5 most expensive rental cities are #1 San
Francisco, #4 San Jose and #5 Oakland.
In Napa, our
rental situation is just as bad, the vacancy rate has been about 3-4% all year.
The rents have been going up steadily for the past 5 years and right now the
“break even” point for buying vs. renting is about 7 years on a median 3
bedroom 2 bath home.(assuming $618,000 for the home purchase and $2,500 for the
rental rate)
If you are
looking at putting down roots in the Valley, it might be a good time to look at
purchasing while rates are still in the low 4% range.
-Kris
Home Tips for preparing for the holidays.
When I worked in
advertising these are the make or break weeks for the year known as the Hard 8.
There are 8 weeks between Halloween and Christmas. It is supposed to be the
“happiest time of the year”, but the stress level goes up, the time seems to
vanish, and work becomes crazy …
I really liked
the following bloggers/websites take on how to make this time of year more
about loving the holidays vs. getting through the holidays.
Celebrating Veterans Day.
If you have
served, THANK YOU. and there are a tremendous amount of businesses that would
like to thank you as well.
Free meals for
veterans on Wednesday November 11, 2015.
You can support
our veterans as well with support to the Pathway Home, or many of the other great
organizations helping our soldiers.
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