Tight rental market, highest rents In the Bay Area, CA, rentals are among the highest and fast rising than other parts of the country. Berkeley had the largest change, with a 32.4 percent spike in rents from January 2014 to January 2015. (Though its growth outpaced Oakland's last year, Berkeley's too small a market to have appeared in the aforementioned Trulia report.) According to Zillow's numbers, Oakland saw a 21.3 percent increase, while in San Francisco itself rents were up 16.6 percent. The Zillow Rent Index puts San Francisco's median rent … (6 comments)
rising rents: Renters trash single woman's property
- 02/19/15 03:21 PM
It's the American Dream to own a home My client is a single woman, a social worker serving several cities in Alameda County, CA. She's not a wealthy woman....she is someone who scrimped and saved for her future. Years ago, she reached for the American dream and bought her first home --- a duplex in Oakland CA. She planned to live in one unit and rent out the other. Sounded like a good plan at the time. She poured her savings into making the fixer a home for herself. For the owner's unit, she renovated the bath, the kitchen, and put … (4 comments)
rising rents: Is housing cost redefining the Middle Class?
- 01/22/15 07:20 AM
Many moons ago, and the first time I applied for a mortgage to buy a house, the rule I was told is that cost of housing shouldn't be more than 30% of my income. Another "rule" is that cost of housing to buy must not be more than 2.5 times my yearly income. Seemed like good rules to me. And I felt like they were good guidelines to live within my means.
Wealth Distribution and the Middle Class During a Facebook exchange, the topic of middle class came up....that the Middle class is shrinking. I searched for info to define … (0 comments)
Real estate is local....however, our latest challenges in spiking rents seem to be everywhere
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