Skip to content

Posts tagged ‘San Francisco Corporate Housing’

2
May

Sometimes Renting is a Much More Economical Option Than Buying: Top 10 Cities

A recent article posted at NBCNews.com Business uses Zillow’s Break Even Horizon to determine the top 10 cities where renting is more economically sound than buying and how long it takes on average to break even if purchasing a home. This figure is calculated based on the net cost of purchasing a home vs. renting the same house. Here are the top 10 cities renting costs less than buying:

1.

Top 10 Cities Where Renting is more economical than buying: New York City.

Top 10 Cities Where Renting is more economical than buying: New York City.

New York City, NY. Zillow Break Even Horizon: 5 Years; Zillow Rental Index: $2,016; Annual Change in Zillow Rent Index: 19.4%

Renting an apartment in the city would save more money than purchasing a home unless you were going to be living in NYC for more than 5 years. The average home price is $462,500. A 20% down payment is going to be $93,000 for a home this much and with the current rate of 3.277% and a 30 year fixed mortgage, you are looking at a monthly mortgage payment of $2,145 which is higher than the current rental index.

2.

Top 10 cities where renting is more economical than purchasing: Seattle, WA.

Top 10 cities where renting is more economical than purchasing: Seattle, WA.

Seattle, WA. Zillow Break Even Horizon: 4.3 Years; Zillow Rental Index: $1,850; Annual Change in Zillow Rent Index: 4.7%

Waterfront property in Seattle averages about $392,200 as of December 2012.

3.

Top 10 cities where renting is more economical than purchasing: Boston, MA.

Top 10 cities where renting is more economical than purchasing: Boston, MA.

Boston, MA. Zillow Break Even Horizon: 3.9 Years; Zillow Rental Index: $2,299; Annual Change in Zillow Rent Index: 11.3%

Based on 25 new single family homes for sale in Boston, MA, the average home costs $727,200. A 20% down payment is $145,000 with a 3.277% interest rate, your monthly mortgage payment would be $3,334. Renting in Boston on average would be a monthly savings of $1,035.

Washington, D.C. and San Francisco, CA tied for 4th for the amount of years it would take to break even if purchasing a home.

4.

Top 10 cities where renting is more economical than purchasing: Washington, D.C.

Top 10 cities where renting is more economical than purchasing: Washington, D.C.

Washington, D.C. Zillow Break Even Horizon: 3.7 Years; Zillow Rental Index: $2,439; Annual Change in Zillow Rent Index: 7%

There has been an increase in new home development in the D.C. area. As of December last year, the average home cost $402,400 which is up by 10%.

4.

Top 10 cities where renting is more economical than purchasing: San Francisco.

Top 10 cities where renting is more economical than purchasing: San Francisco.

San Francisco, CA. Zillow Break Even Horizon: 3.9 Years; Zillow Rental Index: $3,281; Annual Change in Zillow Rent Index: 12%

San Fran has seen an 18% increase in home sale prices year after year! Currently, the average home costs $770,600. A 20% down payment of $154,000 with the current interest rate of 3.277% would be a $3,529 monthly payment. By renting, you would save on average of $248 a month.

5.

Top 10 cities where renting is more economical than purchasing: Portland, OR

Top 10 cities where renting is more economical than purchasing: Portland, OR

Portland, OR. Zillow Break Even Horizon: 3.6 Years; Zillow Rental Index: $1,423; Annual Change in Zillow Rent Index: 8.6%

Portland has the most bike commuters in the U.S. Last year, 21.49% of homes sold were sold at a loss, but the average value of homes has risen 8.8% ($257,400).

6.

Top 10 cities where renting is more economical than purchasing: San Diego.

Top 10 cities where renting is more economical than purchasing: San Diego.

San Diego, CA. Zillow Break Even Horizon: 3.4 Years; Zillow Rental Index: $2,116; Annual Change in Zillow Rent Index: 2.9%

The average San Diego home value is up 11% making the average home $404,100.

Los Angeles, CA and San Jose, CA tied for 7th place based upon the number of years it would take to break even after purchasing a home in either location.

7.

Top 10 cities where renting is more economical than purchasing: Los Angeles.

Top 10 cities where renting is more economical than purchasing: Los Angeles.

Los Angeles, CA. Zillow Break Even Horizon: 3.3 Years; Zillow Rental Index: $2,311; Annual Change in Zillow Rent Index: 2.3%

Los Angeles has a very high unemployment rate and the home rates dropped about 35% which actually makes L.A. more affordable for home owners. The average home costs $399,800 which was up by 9.7% as of December 2012. If you put down a 20% payment of $80,000 with the 3.277 interest rate with a fixed 30 year mortgage, your monthly payment is going to be $1,863.

7.

Top 10 cities where renting is more economical than purchasing: San Jose, CA.

Top 10 cities where renting is more economical than purchasing: San Jose, CA.

San Jose, CA. Zillow Break Even Horizon: 3.3 Years; Zillow Rental Index: $2,513; Annual Change in Zillow Rent Index: 4.5%

San Jose, CA has a lot more people interested in purchasing homes since the average annual income is $92,500. San Jose has a very high employment rate with over 6,000 technology companies. The average home in San Jose is $544,600 so if you put down 20% ($109,000) + 3.277% + 30 years = $2,514 monthly mortgage payment which is $1 higher per month than the current rental index!

8.

Top 10 cities where renting is more economical than purchasing: Denver, CO.

Top 10 cities where renting is more economical than purchasing: Denver, CO.

Denver, CO. Zillow Break Even Horizon: 2.8 Years; Zillow Rental Index: $1,468; Annual Change in Zillow Rent Index: 9.3%

As of December 2012, Denver’s average home value was up by 14.1% with the average home costing $233,700.

9.

Top 10 cities where renting is more economical than purchasing: Austin, TX.

Top 10 cities where renting is more economical than purchasing: Austin, TX.

Austin, TX. Zillow Break Even Horizon: 2.7 Years; Zillow Rental Index: $1,516; Annual Change in Zillow Rent Index: 6.2%

At the end of last year, Austin had an overall home value increase of 4.7% = $209,900.

10.

Top 10 cities where renting is more economical than purchasing: Nashville, TN.

Top 10 cities where renting is more economical than purchasing: Nashville, TN.

Nashville, TN. Zillow Break Even Horizon: 2.6 Years; Zillow Rental Index: $1,190; Annual Change in Zillow Rent Index: 3.8%

The average home cost is now $140,000, which is up by 6%.

Most of the cities listed above experienced an overall increase last year in their median home values which is great news overall for the market!

1
May

The Top 5 Most Common Stresses of Business Travel and Steps You Can Take to Remedy Them

Let’s face it, travel in general is filled with stress but business travelers experience these much more frequently.  A recent poll from TripIt determined the top 5 most common stresses associated with travel:

  1. Exercise. 67% of frequent travelers said that the pressure to exercise was stressful – 17% of these responders found it to be extremely stressful.
  2. Healthy Eating. 66% of responders found eating healthy to be a challenge and added to the overall stress of traveling – 19% said it was extremely stressful.
  3. To do list upon return. 64% found the pressure of tasks needing to be done when they returned home to be a significant source of stress while traveling.
  4. Airport Security. Of the people that were polled, 59% found airport security to be very stressful.
  5. Driving in a new city. The lowest on the top 5 travel stresses is driving in a new city. 54% of respondents found this to be very stressful when they travel.

Since exercise and healthy eating are the two highest stresses for frequent business travelers, here is a list of suggestions that TripIt recommended to help alleviate some of your stress:

  • Have portable, healthy snacks on hand to fend off hunger until your next meal.

    Have portable, healthy snacks on hand to fend off hunger until your next meal.

    Bring healthy, portable snacks with you so you won’t be as temped to buy un-healthy snacks when the hunger sets in. Bring along some almonds or a banana to help tie you over between meals.

  • Try ordering a couple small plates or an appetizer and small salad instead of a huge meal.

    Try ordering a couple small plates or an appetizer and small salad instead of a huge meal.

    Instead of ordering a large dinner, choose a small plate or an appetizer for dinner instead. If you opt for a salad, keep in mind that the dressing has a ton of fat and calories so it’s best kept on the side. Salad is not always the healthiest choice on the menu either so be smart when choosing.

  • Instead of using escalators, take the stairs instead.

    Instead of using escalators, take the stairs.

    Instead of using escalators or moving sidewalks, try taking the stairs or walk to keep you moving.

  • Get a pedometer or download a pedometer app on your phone to track how many steps you are taking.

    Get a pedometer or download a pedometer app on your phone to track how many steps you are taking.

    Track how many steps you are taking with a pedometer or an app on your phone.

  • Ask for a map of the local area with running/walking trails or nearby parks.
  • Do crunches, pushups, jumping jacks, chair dips, stretching, and any other activity that doesn’t require any equipment in your room.
Be resourceful when traveling for business. No time to head to the gym? No problem, just use your hotel room instead.

Be resourceful when traveling for business. No time to head to the gym? No problem, just use your hotel room instead.

It is a stressful world we live in and the constant traveling makes life that much more hectic. Hopefully these tips from TripIt will make your future business trips less stressful, more active, and healthier. 🙂

Safe travels everyone!

18
Apr

How to Make the Most of Your Days Off Through Travel

Many of us have a 9-5 job or jobs in the service industry where we don’t have a lot of time to go on long, lavish vacations. A recent blog post by Nomadic Matt titled “How Can You Travel More Even if You Work a 9-5 Job” sheds some light on how you can use your time off most effectively while still being able to travel – even with a limited amount.

Most American’s have 2 weeks vacation per year plus the weekends = 110 travel days. Most of us also get holidays off and have some three day weekends here and there which gives us even more time to travel each year. Sure, it isn’t consecutive time but you could take a long vacation by using your 2 weeks in a row. Here are some tips on how you can maximize your time to travel a lot more this year:

  1. Hop in the car and drive somewhere nearby to spend your weekends away from home!

    Hop in the car and drive somewhere nearby to spend your weekends away from home!

     Weekends. Sure the weekends only offer 2 full days (unless it’s a 3 day weekend) but that is plenty of time to explore a city close to you.

  2. If you only have a limited amount of time to go somewhere, choose a destination that is closer to where you live rather than flying half way across the world.

    If you only have a limited amount of time to go somewhere, choose a destination that is closer to where you live rather than flying half way across the world.

     Find a location that is closer to you. If you are in America then traveling to Australia for only one week would be a waste since your travel time takes up almost 3 days! Instead, take a trip to Central America which is closer. Generally the closer the destination, the cheaper the flight is going to be too.

  3. Have limited funds but still want to get away this weekend? Be a tourist in your own city (maybe just not this obvious).

    Have limited funds but still want to get away this weekend? Be a tourist in your own city (maybe just not this obvious).

     Be a tourist in your own city. Take time to explore the city you currently live in. Go to the museums, tourist attractions, new areas you have never been, etc. Being a tourist in your own city will give you new insight on where you live.

  4. Don’t try to see it all at once. Instead of trying to see everything in a short amount of time, focus on a couple attractions and destinations that you want to go see. This way, you will be less overwhelmed and will have more time to enjoy the place you are visiting.

Next time you feel like getting away, remember these 4 tips that will make your experience more fun in less time. As the famous Roy Rogers croons, “Happy trails to you, until we meet again. Happy trails to you, keep smilin’ until then.”

16
Apr

Come Learn About Investing in Real-Estate

Personal Real Estate Investor Magazine is hosting the Investor Provider Leadership Summit in Baltimore, MD April 25th-26th at the Sheraton Baltimore City Center Hotel, 101 W Fayette St, Baltimore MD 21201.

The Investor Provider Leadership Summit is next week April 25-26, 2013 in Baltimore, MD - don't wait to register for this amazing event!

The Investor Provider Leadership Summit is next week April 25-26, 2013 in Baltimore, MD – don’t wait to register for this amazing event!

Become familiar with strategies, service leaders, providers, and side channels that could increase your overall sales and revenue. The past event was very successful in producing hundreds of property sales to both domestic and international property investors.

Learn more about how you can make money from investment properties and hear from our very own Kimberly Smith of AvenueWest Managed Corporate Housing with her segment on the “High Margin Rental Niche.”

Don’t hesitate to register for this great event – there are only a few seats left! We hope to see you there! 🙂

10
Apr

New Statistics About Facebook Users and Future Implications for the Site

Facebook is still one of the top social media sites used today but these recent statistics are showing some unfavorable results for the company.

A recent PEW poll found that 61% of Facebook users are taking more frequent breaks for a few weeks at a time on Facebook and all age groups are decreasing their overall time spent on the site.

  • 38% of Facebook users ages 18-29 are planning on spending much less time on the site this year which is disheartening for them since this is the primary demographic that the majority of advertisements are geared to.
  • 67% of adults that use the internet are Facebook users but that still doesn’t mean they are actively using this site. In fact, 1 in 5 adults said they were no longer using Facebook at all.
  • 23% of users over the age of 50 have already decreased their Facebook time this past year; 34% between the ages of 30-49; and 42% for those 18-29 year’s old.
  • Why are these majorities not using Facebook as much anymore, 21% say it’s because they don’t have the time. 10% of respondents said they weren’t interested in the site any longer while another 10% said that it lacks “compelling content.” 9% said that it was too full of drama and gossip from their friends and 8% of the people were worried that they were addicted to Facebook.
  • 59% of responders said that the sharing thoughts and pictures on Facebook is still as important to them as it was a year ago while 28% said that it wasn’t anymore.
The most recent PEW research statistics found some shocking answers about Facebook users!

The most recent PEW research statistics found some shocking answers about Facebook users!

I wonder what the future implications for Facebook will be in light of these recent findings. Is Facebook’s reign coming to an end? Are other social media sites becoming more popular than Facebook? Or do people just not have the time to spend using these sites any longer?

Let us know what you think. 🙂 We would love to hear from you!

 

%d bloggers like this: