Thursday, December 20, 2007
$150 per Day
That's how much the median home in Ventura County has lost every day for the past year. What would you rather do with $150 per day? Of course that's not the story. What were the carrying costs for the privilege? The house would have cost $580k so $18 per day in taxes and $125 per day mortgage. Now that's not fair because you need to live somewhere so back out $80 per day to rent. Annualized: renter $30,000, homemoaner $107,000. Not a good year to own and now that we have you trapped the real news is that next year will be far worse.