This is the reality of real estate in Sacramento right now: Own the home for $6500+ a month, or rent something equivalent down the street for $3350. Are we betting appreciation outpaces that difference? Seems like a lofty bet to make...
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@realmatt_re It’s like this in Los Angeles area too. I have been trying to buy a house for years and eventually gave up. I can rent a 2br townhouse here for $3500ish that would cost me $7000+ mortgage (including prop tax/ins) even with 20% down. Not worth it to buy.
@81PointKobe Yep, why buy in that situation. Enjoy the opportunity that 20% gives you to invest elsewhere.