Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

San Francisco Tenants Break Leases at Alarming Rates

thesfnews.com

Post reply on HN
Print view View original

51–60 of 62 posts

Re: San Francisco Tenants Break Leases at Alarming Rates

#51

Post by Gibbon1 »

DevKoala wrote: post #34
jorts wrote: post #18

Earlier quoted context omitted.

For investment property or primary residence? I didn't have to put down nearly that much for my residence in the east bay.

Investment property. When I bought my residence, the down payment was 20%. These current numbers come from a check on the Zillow advertised mortgage lenders. The 40% down in the simulation tool seems to be because lenders won’t take more than 700k in debt (>1M total cost).

A lot of investors stopped buying jumbo loans. FHA though is still buying conforming loans.

Re: San Francisco Tenants Break Leases at Alarming Rates

#52

Post by jon_elbrook »

anoncareer0212 wrote: post #48
apta wrote: post #47

Earlier quoted context omitted.

As typical of sensationalist media these days looking to get clicks.

Unfortunately not every survey will meet the high standards of internet commenters looking for blood

or any standard at all?

Re: San Francisco Tenants Break Leases at Alarming Rates

#53

Post by mandelbrotwurst »

anoncareer0212 wrote: post #48
apta wrote: post #47

Earlier quoted context omitted.

As typical of sensationalist media these days looking to get clicks.

Unfortunately not every survey will meet the high standards of internet commenters looking for blood

Whose blood are commenters looking for by pointing out that the data given in the piece fails to lend any credence to the "alarming rate" claim?

Re: San Francisco Tenants Break Leases at Alarming Rates

#54

Post by hckr_news »

throwaway_12351 wrote: post #45
535188B17C93743 wrote: post #29

Earlier quoted context omitted.

>what is an ideal place for you? If I knew, I'd be there :D Unfortunately, I have no idea. I like my family and the cost of living around where I live (Midwest), I love the hustle and bustle of the Northeast, and I like the outdoors and political vibe of the West Coast. Even lived in Germany for a bit in college and loved that. Open to suggestions, haha

London! I moved to SF from London, you get bit of everything! :)

Tell me more. I’m also in the Midwest US. Still early in my career. I’d consider London but the cost of living scares me. Also the whole Brexit thing.

Re: San Francisco Tenants Break Leases at Alarming Rates

#55

Post by throwaway_12351 »

hckr_news wrote: post #54
throwaway_12351 wrote: post #45

Earlier quoted context omitted.

London! I moved to SF from London, you get bit of everything! :)

Tell me more. I’m also in the Midwest US. Still early in my career. I’d consider London but the cost of living scares me. Also the whole Brexit thing.

Don't worry much about Brexit, I was quite worried about it myself and I lost the chance to buy a house at a cheaper price. Brexit is turning out to be quite positive for the UK, and the media claims that the companies will move out is backfiring and they are moving into the UK now.

I have lived in SF / Boston / London / Portland, and I think London has the bits of all. Comparing to the west coast, London has equal or better food culture, similar political vibe but much more diverse yet localized within the city, the hustle and bustle of living in a true city, the architectural beauty and most importantly quite nicely located with accessible sites of natural beauty within the UK and Europe.

I think the only thing that is negative about London vs SF is the weather :-/ Also, it's not a very friendly place to move at the start of your career, quite closed for newbies and an old boys club so that's a caveat.

Re: San Francisco Tenants Break Leases at Alarming Rates

#56

Post by vmception »

throwaway_12351 wrote: post #55
hckr_news wrote: post #54

Earlier quoted context omitted.

Tell me more. I’m also in the Midwest US. Still early in my career. I’d consider London but the cost of living scares me. Also the whole Brexit thing.

Don't worry much about Brexit, I was quite worried about it myself and I lost the chance to buy a house at a cheaper price. Brexit is turning out to be quite positive for the UK, and the media claims that the companies will move out is backfiring and they are moving into the UK now. I have lived in SF / Boston / London / Portland, and I think London has the bits of all. Comparing to the west coast, London has equal o…

I would trust this comparison more if it was NYC / Hong Kong / London etc

But yeah I like Europe-area economic and financial centers for proximity to the rest of Europe and they are all centrally located in a diagonal line from London to Dubai.

I wish the US had a similar centrally located clusters, instead of the coasts at the far extremes of the continent.

Re: San Francisco Tenants Break Leases at Alarming Rates

#57

Post by disgruntledphd2 »

throwaway_12351 wrote: post #55
hckr_news wrote: post #54

Earlier quoted context omitted.

Tell me more. I’m also in the Midwest US. Still early in my career. I’d consider London but the cost of living scares me. Also the whole Brexit thing.

Don't worry much about Brexit, I was quite worried about it myself and I lost the chance to buy a house at a cheaper price. Brexit is turning out to be quite positive for the UK, and the media claims that the companies will move out is backfiring and they are moving into the UK now. I have lived in SF / Boston / London / Portland, and I think London has the bits of all. Comparing to the west coast, London has equal o…

OK, so the only part I'll respond to is the Brexit thing.

Firstly, Brexit has still not happened in any real sense (there's a transition period till the end of the year).

Secondly, the UK government appear to want a minimal trade relationship with the EU, which will hit services trade pretty hard (and the UK exports lots of services).

The likelihood is that many large companies will need to move staff/assets to the EU to retain their licenses.

For me, specifically (as I'm a data scientist) this probably means that data products out of the UK are going to be tricky to sell.

I would expect that there will be a drop in London property prices, but a larger drop in jobs.

Don't get me wrong, London is a great city, but I (personally) would stay away from moving there till at least next year, as the implications around Brexit and trade should be much clearer by then.

Re: San Francisco Tenants Break Leases at Alarming Rates

#58

Post by throwaway_12351 »

disgruntledphd2 wrote: post #57
throwaway_12351 wrote: post #55

Earlier quoted context omitted.

Don't worry much about Brexit, I was quite worried about it myself and I lost the chance to buy a house at a cheaper price. Brexit is turning out to be quite positive for the UK, and the media claims that the companies will move out is backfiring and they are moving into the UK now. I have lived in SF / Boston / London / Portland, and I think London has the bits of all. Comparing to the west coast, London has equal o…

OK, so the only part I'll respond to is the Brexit thing. Firstly, Brexit has still not happened in any real sense (there's a transition period till the end of the year). Secondly, the UK government appear to want a minimal trade relationship with the EU, which will hit services trade pretty hard (and the UK exports lots of services). The likelihood is that many large companies will need to move staff/assets to the E…

I don't even have any counter arguments to make, you can speculate as much as you want, the home prices were suppose to drop drastically and I was waiting for it. They went up after the withdrawal agreement was signed :-/

I was under impression that whatever you just mentioned would have happened by now, but Nissan and Unilever are now moving to UK and all the speculations are going down the drain.

I have come to a conclusion that all the anti-brexit hysteria has been priced in, and indecisiveness is proving more costly as time goes by!

Re: San Francisco Tenants Break Leases at Alarming Rates

#59

Post by throwaway_12351 »

vmception wrote: post #56
throwaway_12351 wrote: post #55

Earlier quoted context omitted.

Don't worry much about Brexit, I was quite worried about it myself and I lost the chance to buy a house at a cheaper price. Brexit is turning out to be quite positive for the UK, and the media claims that the companies will move out is backfiring and they are moving into the UK now. I have lived in SF / Boston / London / Portland, and I think London has the bits of all. Comparing to the west coast, London has equal o…

I would trust this comparison more if it was NYC / Hong Kong / London etc But yeah I like Europe-area economic and financial centers for proximity to the rest of Europe and they are all centrally located in a diagonal line from London to Dubai. I wish the US had a similar centrally located clusters, instead of the coasts at the far extremes of the continent.

oh dear, that was a bad rub in :P Yes, SF is always weird and complex to compare to other cities :-/

Re: San Francisco Tenants Break Leases at Alarming Rates

#60

Post by disgruntledphd2 »

throwaway_12351 wrote: post #58
disgruntledphd2 wrote: post #57

Earlier quoted context omitted.

OK, so the only part I'll respond to is the Brexit thing. Firstly, Brexit has still not happened in any real sense (there's a transition period till the end of the year). Secondly, the UK government appear to want a minimal trade relationship with the EU, which will hit services trade pretty hard (and the UK exports lots of services). The likelihood is that many large companies will need to move staff/assets to the E…

I don't even have any counter arguments to make, you can speculate as much as you want, the home prices were suppose to drop drastically and I was waiting for it. They went up after the withdrawal agreement was signed :-/ I was under impression that whatever you just mentioned would have happened by now, but Nissan and Unilever are now moving to UK and all the speculations are going down the drain. I have come to a c…

Totally. I'm in a similar position (wanting to buy a house, but concerned at the insane prices), so I totally get you. Maybe coronavirus will accomplish it. Something something market, irrational, solvent.

So, the Unilever thing is a stock move, that really only occurred because the shareholders in the City didn't like it (being removed from the FTSE would have been very bad for their share price).

My understanding is that Nissan (and all the car-makers) rely on frictionless trade in goods, which probably isn't going to happen. I believe that they will probably invest in the UK for the domestic market, but we'll see.

Again, nothing has practically changed in terms of trade, and will not until January 1st of next year. We'll see I suppose.

Post reply on HN