You go, Kate!
After six years of renting in San Francisco, Kate Wilusz jumped at the chance to swap her tiny apartment for a roomy four-bedroom Victorian home. But she is paying a mortgage instead of rent -- and coming out even.Now tell us where we can find a 4-bedroom Victorian SFR and have a mortgage less than your rent (were you moving from Pac Heights to Hunters Point?!)...
In some U.S. markets, prices appear to have fallen enough to make buying cheaper than renting. Mix that with mortgage rates that are near record lows and renters who want to become buyers are rejoicing.
"The U.S. government is helping bail out those who bought at the top, but I got my own personal stimulus package through falling home prices and low interest rates on mortgages," said Wilusz, who works at Ameriprise Financial.
ARTICLE: REUTERS
What city did this take place in? Not SF right? How do you go from cramped tiny apartment to 4 BDRM victorian. More details please. Something seems off if this is SF. Are you inferring rent from a tiny apt. is same as mortgage for a 4 bdrm visotrian?
ReplyDelete