Why Bay Area

VS007 · Post by **VS007** » Mon Dec 08, 2014 11:16 am

realgoogler;583051Try Venkatesh Bhavan in pleasonton. Their Thali was awesome and Veg Biriyani too.[/quote]

Thanks!
We tried today, thali was more homely version, good alternative to saravana bhavan!

One more feather for the forum! Reviews from known unknown guys, than fake yelp.

IndianByDefault · Post by **IndianByDefault** » Tue Dec 09, 2014 1:52 am

I went to Ulavacharu based on recommendation here. I went on Saturday during lunch and tried the buffet. It was ordinary, nothing special. Is made to order better than buffet? Should I have ordered thali or gone for dinner?

Old-Spice2 · Post by **Old-Spice2** » Thu Jan 15, 2015 8:57 pm

Sid is right. Renting is better than owning in Bay Area as per this video.

http://www.businessinsider.com/buy-or-rent-city-mortgage-sale-house-2015-1#ooid=IwZXRucjqEPxaTQAwrLg8i4P-vCA401l

r2i_in_2yrs · Post by **r2i_in_2yrs** » Thu Jan 15, 2015 10:32 pm

One more reason...
-------------------------------------------------------

From

https://www.facebook.com/Sangeetha.Restaurants.USA ....

Celebrate Pongal with an amazing traditional lunch served up on a banana leaf on Jan 15th at 11:30am for special price of $13 @Sangeetha Restaurants! Click on the image for details!
இனிய பொங்கல் நல்வாழ்த்துக்கள்!
[URL="https://www.facebook.com/Sangeetha.Restaurants.USA"]
[/URL]

https://scontent-2.2914.fna.fbcdn.net/hphotos-xap1/v/t1.0-9/s720x720/10690281_323607477836100_738790622029572020_n.jpg?oh=ac697b9733c0212724bd2d3109822dc7&oe=556F2CCC

[ATTACH=CONFIG]5102[/ATTACH]

Sid · Post by **Sid** » Thu Jan 15, 2015 11:18 pm

Old-Spice2;591022Sid is right. Renting is better than owning in Bay Area as per this video.

http://www.businessinsider.com/buy-or-rent-city-mortgage-sale-house-2015-1#ooid=IwZXRucjqEPxaTQAwrLg8i4P-vCA401l

If invested right, all the savings from renting can give huge returns over a period of 7-10 years. As per my estimate, the breakeven point is somewhere between 12-15 years. If someone were to rent for more than 15 years in bay area, then they will start to lose out on possible real-estate gains.

So for a fresh-graduate coming to Bay area today, this basically means that if you are in Tech, it is a better bet to wait to see if you can join a Pre-IPO startup in the first 10 years of your career. IF you get successful, you can choose to either R2I and retire, or LIA and buy a house with your new wealth.

SSGHere · Post by **SSGHere** » Fri Jan 16, 2015 12:04 am

Old-Spice2;591022Sid is right. Renting is better than owning in Bay Area as per this video.

Is it applicable to 20-25 years single, or late 30s (or early 40s) family person who probably at the peak of his/her earning life in Bay Area?

SSGHere · Post by **SSGHere** » Fri Jan 16, 2015 12:12 am

Sid;591033.... As per my estimate, the breakeven point is somewhere between 12-15 years. ....

Yes.
But after 4-5 years of more renting and applying the same estimate/formula e.g. in year 2020, break-event point might be closer. Underline assumption in your theory is that your saving/investment will grow faster than housing price, and/or all investment will turn out to be better.

Sid · Post by **Sid** » Fri Jan 16, 2015 2:07 am

SSGHere;591041Is it applicable to 20-25 years single, or late 30s (or early 40s) family person who probably at the peak of his/her earning life in Bay Area?

Depends on what kind of mortgage and down-payment one will be making. There are a lot of moving knobs in this calculation, and very few end-results that ultimately suggests buying over renting (for whatever age group you are in). If investment returns from a Bay Area property is your investment goal, you are much better off buying AVB and similar Bay Area focused REITs.

SSGHere · Post by **SSGHere** » Fri Jan 16, 2015 3:55 am

Sid;591058There are a lot of moving knobs in this calculation, and very few end-results that ultimately suggests buying over renting [/quote] Actually it's quite opposite. Just tweak one knob (i.e. how many years one wants to live in house) and buying always comes out better over renting. Earlier you buy, better the chances.

Sid;591058 you are much better off buying AVB and similar Bay Area focused REITs.
Not really if you consider you'll be still paying rent & AVB(or similar REITS) dividend get taxed.

techynt · Post by **techynt** » Fri Jan 16, 2015 6:35 am

SSGHere;591068Actually it's quite opposite. Just tweak one knob (i.e. how many years one wants to live in house) and buying always comes out better over renting. Earlier you buy, better the chances.

Not really if you consider you'll be still paying rent & AVB(or similar REITS) dividend get taxed.

In USA, if you are planning to stay more than 5 years, buying usually comes out better, comparing apples to apple (3bhk, 1700 sft home will not be available for rent for less than Payments+10%), only way you save money is living in an apartment instead of a nice SFH since apartment rent will be <3k while payments on SFH will be more than 6k.

In India on other hand, you can rent same house/flat for 2-3% of purchase price.