{"id":577426,"date":"2023-12-18T08:33:37","date_gmt":"2023-12-18T13:33:37","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=577426"},"modified":"2023-12-18T08:36:13","modified_gmt":"2023-12-18T13:36:13","slug":"the-logic-of-renting","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2023\/12\/18\/the-logic-of-renting\/","title":{"rendered":"THE LOGIC OF RENTING"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"> so it looks like the weird dream of everybody is to own a house, homeownership, settle down or whatever. However, is this a good impetus and goal?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> doing some simple mathematics, even buying a $1 million home, with a very low APR rate, might still equate to around $4000 a month. Add property tax, home insurance, not negotiable sunk, that is around another $1500 a month. Therefore, even if you buy a \u00e2\u20ac\u0153cheap\u00e2\u20ac\u009d house, $1 million USD, you\u00e2\u20ac\u2122re still looking at around $5500 USD a month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> Renting in LA, even a very desirable part of Culver City Los Angeles California, rent is only sub $3500 USD a month, Cindy and I currently pay $3200 USD a month for very very nice two bedroom one bath apartment in insanely desirable neighborhood.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> Not only that, but our investments, yield at least around $2000 USD a month \u00e2\u20ac\u0153passive\u00e2\u20ac\u009d income. Therefore if you do the math, we are only paying about $1200 USD a month and rent. Pretty cheap.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>so it looks like the weird dream of everybody is to own a house, homeownership, settle down or whatever. However, is this a good impetus and goal? doing some simple mathematics, even buying a \u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_ek_photo_artist_note":"","_ek_photo_thesis":"","_ek_photo_camera":"","_ek_photo_place":"","_ek_photo_human_moment":"","_ek_photo_sequence":"","_ek_photo_question":"","_ek_photo_canonical_claim":"","_ek_photo_ai_summary":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-577426","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/577426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=577426"}],"version-history":[{"count":3,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/577426\/revisions"}],"predecessor-version":[{"id":577430,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/577426\/revisions\/577430"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=577426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=577426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=577426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}