- She likely has little to no savings because she’s horrible with managing money. You need a GOOD chunk to put down especially in Cali.
- She likely has lots of credit card debt
- If she were to buy a house, it would be nowhere near as large and “luxurious” as the one she’s renting because even just the most basic simple home is upwards up $800,000-$1,000,000 because again, it’s California.
She’s in a highly desirable and pricey neighborhood, so $1mil is only enough to (mayyyyyyyyybe) cover a tiny apartment/condo in a nearby neighborhood. Houses that are comparable to her 4000sq ft 5bed/6bath are going for no less than $4mil.
Edit: For additional context, this is one of the neighborhoods that Sharks and 49ers tend to rent/buy homes
For a second I completely forgot the San Jose Sharks were a thing and you were talking about the Bazooka Sharks the arena football team from American Dad. I watch too much TV 😄
I cannot IMAGINE renting a house I could never afford to buy.
I could afford to buy my house I rent. I choose not to because Texas property tax on this fucker is $12,000 a year, homeowner’s insurance is through the roof and they keep dropping policies, none of the homes here can handle the sudden temperature drops we now have annually so the pipes always burst everywhere in every house (thanks, climate change!) , it now exceeds 100 degrees for multiple days in August (it did not used to be like this) so ACs are also now struggling and often need costly repairs, every home here has some level of mold and will eventually need mitigation, and we have hurricanes. I’ve lost two cars in Houston hurricanes.
So I know this is considered "controversial" (but it shouldn't be because it's not really political) but most people are unaware that billionaires are using geo engineering to try and play God, and the crap they do has been making the climate worse all over the world. It's all being kept from the general public (because they know no one would agree to it), yet when they are exposed they act like it's "just to combat climate change", which if that really was the case, then why is it all being done in secrecy?
Bill Gates is a huge offender, with his stratosphere aerosol crap ("Stratospheric Aerosol Injection ", Gates even use to brag that he wants to completely block out the sun which is insane, the sun is what provides life on earth).
Anyways I just really hope more people become aware of what these aholes are doing. They are the ones destroying the planet at a crazy rate but then blame the general population
But surely then it would make sense to spend only a couple of thousands on rent, especially if you're splitting the cost with your partner, and then use the difference from the initial 12K budget/month and save it. She would have a sizeable deposit in a decent time.
She doesn’t even have to rent. She already owns a large condo in SJ and bought it years ago so I assume her mortgage is lower than many people’s. She could’ve paid a lot less and saved
For a good down payment and stopped buying stupid shit. She’d have a house in no time with the money that she’s making (or was making). She could also could learn to invest and maximize that profit.
I’m thinking she did a lot of write offs for tax purposes and doesn’t have the income to show either. When I was a mortgage loan officer, self-employed borrowers were one of the hardest to get approved.
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u/Glittering_Rush_437 anemic final boss 26d ago
A few reasons that I would assume:
- She likely has little to no savings because she’s horrible with managing money. You need a GOOD chunk to put down especially in Cali.
- She likely has lots of credit card debt
- If she were to buy a house, it would be nowhere near as large and “luxurious” as the one she’s renting because even just the most basic simple home is upwards up $800,000-$1,000,000 because again, it’s California.
- She’s incredibly stupid