Hello. I recently moved to Christchurch and really want to get an EV (probably a Nissan Leaf), but the house I'm renting doesn't have an easily accessible plug. Basically I'd have to run an extension cord from the back bedroom to the driveway. I've done some research and found that it should be okay with a 10A cord (I think 10m should plenty long). But, I'm looking for any ideas or suggestions about this plan. Thanks!
Hi everyone. I'm moving from my townhome in the east Bay Area, CA. The choices are to take a huge loss by selling ($150k or more) as we bought near the peak in 2022, or lose $800/mo by renting. It seems like half the people I talk to say just take the loss, the other half say rent it out. I didn't really want to be a landlord as I've heard plenty of horror stories here in California, but taking such a big hit is super difficult. Is anyone here a CA landlord? Is it as bad as advertised?
Any advice or insight would be greatly appreciated!
Some further details in case they would be helpful: it was built in 2021 and in great shape, the HOA had short reserves but that has been fixed and everything seems good now, interest rate is 2.8% with $1200/mo going toward principle.
My partner and I (mid 40s) bought a townhome in the San Lorenzo area right at the peak of the market in 2022. We need to move now due to work and are in trouble. According to a couple of real estate agents we're looking at a $200k loss. Renting it would be a $700/month loss (plus losses for maintenance, vacancy, etc.). What option would you choose?
Most people say rent it for a few years and the market will improve. And we have enough savings to take the loss by renting, so that's what we would do if these were normal times. But I can't shake this feeling that between AI induced layoffs and the impending oil crisis, the market is going to take a LOT longer to recover than a few years.
Obviously nobody has a crystal ball. They could discover a new mineral that would cause housing prices to double. Or the Big One could come and turn all the housing into rubble. But, I just don't want to put $10k/year into this place just to see the value drop by another $200k and not get back to even until 2050.