Comments on: Leaving San Francisco and California To Build Wealth

By: Weekly Hot Topics: Getting Focused Again Edition | MoneySocket

Weekly Hot Topics: Getting Focused Again Edition | MoneySocket — Sun, 10 Feb 2008 16:00:58 +0000

[...] the beginning of the week. For those who don’t know, I was home searching because I’m leaving San Francisco to build wealth. We did not end up making an offer on a house because we spent most of our time checking out homes [...]

By: Hot Topics: Getting Over a Cold Edition | MoneySocket

Hot Topics: Getting Over a Cold Edition | MoneySocket — Sun, 27 Jan 2008 18:58:23 +0000

[...] recall, I’m moving there to greatly accelerate the growth of my money. I wrote about that in leaving San Francisco to build wealth. Oh boy, I’m literally coughing after every few words. Bare with me though, theres some great [...]

By: Invest Your Money or Buy a House? | MoneySocket

Invest Your Money or Buy a House? | MoneySocket — Mon, 21 Jan 2008 18:05:26 +0000

[...] some areas of the US you have relatively high rents and low home values. I wrote a while ago that I’ve decided to leave San Francisco to build wealth. I’m moving to Sugar land, TX which is a nice suburb of Houston. There, a $150,000 home would [...]

By: This Week's Hot Topics: Clean Up Edition | MoneySocket

This Week's Hot Topics: Clean Up Edition | MoneySocket — Fri, 14 Sep 2007 10:03:33 +0000

[...] What Is The Ultimate Goal?Glad I’m Not The Only One Moving To A Starter City | MoneySocket on Leaving San Francisco and California To Build WealthWhere to begin? - Real Estate Investment Forums on A Review of Investing In Real [...]

By: Glad I'm Not The Only One Moving To A Starter City | MoneySocket

Glad I'm Not The Only One Moving To A Starter City | MoneySocket — Fri, 07 Sep 2007 10:01:00 +0000

[...] a plan to leave San Francisco in order to set myself up for a brighter future. I wrote about my move to the Houston suburb of Sugar Land, TX before. The other day I was happy to stumble upon someone who talked about the exact same thing. It [...]

By: Can You Be Richer Than Someone With A Higher Net Worth? | MoneySocket

Can You Be Richer Than Someone With A Higher Net Worth? | MoneySocket — Mon, 27 Aug 2007 10:01:35 +0000

[...] Recent Comments Brip Blap on This Week’s Hot Topics: Back To School EditionThree Things About Your Car That’ll Hurt Your Bottom Line | MoneySocket on Buy a Used Car, Save A Ton of CashBrip Blap on Better than a garage sale. Sell it onlineBrip Blap on The Savvy Renter and The Slave HomeownerDanny on Leaving San Francisco and California To Build Wealth [...]

By: Danny

Danny — Mon, 20 Aug 2007 17:52:21 +0000

Lazy, thanks for the comment. I'm a big fan of your site by the way. Yes I agree that if one were to work a high salary job, combined with renting in the bay area, it may be a better choice. What added to my decision was also the fact that I would live more comfortably with the nicer homes, neighborhoods and schools. Most my my business is also internet based so its portable.

Hi Doug,

Thanks for the comment, I appreciate the insight. To be honest I haven't looked at specific investment properties just yet outside of the MLS and loopnet. I've been focusing on my residence as well as some business opportunities. I know what area you are referring to in the Southwest bordering fort bend county. Even our agent was telling us not to buy anything there. The homes had metal bars on the windows, that reminded me too much of San Francisco.

You're right about the traffic. I only considered Sugar land to the parts of Houston I went to such as the galleria area, the southwest and downtown (perhaps 20 min) with no traffic. I didn't experience much traffic on highway 59 from sugar land to Houston, but I did notice some on the beltway.

I'll continue researching, one thing that has me on alert these days is the extreme weather patterns there. I guess its not as bad as an unpredictable quake. Thanks for commenting!

By: Doug O

Doug O — Mon, 20 Aug 2007 17:05:36 +0000

Hey - I just started reading your blog here… As a fellow investor (a bit more experience than you (about 5 years now), although I’m only 30), it seems like you’ve definitely got the right idea and the passion to follow through… Kudos to you for that…
One thing I’d mention to you though - I’ve been researching the Houston area for about 8 months now, and have noticed some pretty interesting stuff about the area… While I was searching for multi-family properties (100+ units), the same research applies to any size property… For one, you’ve picked what I found to be one of the best suburban markets of Houston (sugar land).. Clear lake was another… When you’re buying down there, be extra careful of where you buy since there are some pretty decent vacancy rates in most parts of the city… Especially the southwest - just inside the city limits from sugar land (all along Bissonet, and the Braeswood area).. Not to mention that there is a high crime rate in those areas as well…

And, your assessment of being only 10 minutes from Houston is a bit far-fetched… If you’ve never experienced the traffic down there, prepare yourself… I don’t think I’ll ever get used to the fact that it takes an hour just to get from Hobby airport (south/central Houston) to Memorial (West Houston) due to the extreme traffic on the highways in that city… yikes… And it seems like there is traffic there at all times of the day…

By: Better than a garage sale. Sell it online | MoneySocket

Better than a garage sale. Sell it online | MoneySocket — Mon, 20 Aug 2007 10:05:40 +0000

[...] Comments Lazy Man and Money on The Savvy Renter and The Slave HomeownerLazy Man and Money on Leaving San Francisco and California To Build Wealthbrip blap » Blog Archive » The Linkling Ultimatum on Leaving San Francisco and [...]

By: Lazy Man and Money

Lazy Man and Money — Mon, 20 Aug 2007 04:36:58 +0000

Interestingly, we moved to San Francisco to build wealth. My wife is in the military so her housing allowance increased significantly by moving out here. If we move to a place of lower cost of living, that goes down. That housing allowance doesn’t make up for the cost in buying a home, but, as you say, renting is so much better.

We rent and with the extra income, since salaries are much higher here, we’re able to save much more money than we could with our smaller salaries and smaller rent. At some point we will move to a lower cost of living place, but if you are able to control your costs, living in high cost area can certainly pay off.