stranger_here_myself

You should do an AMA on that.

You know, I loved the book, but really understand what you're saying; and I retroactively agree with it. I was HUGE into some of the bands in the 80s (Minor Threat, Fugazi, Butthole Surfers) but never heard of others (Minutemen).

I think it's probably hard for 'kids today' to understand how ISOLATED all the scenes were 25-30 years ago, pre-internet, compared to today. the closest thing we had was MR&R but that was honestly almost illegible...

In terms of the 2005 numbers... Did Trulia publish that analysis in 2005? Or is that a retroactive statement?

Obviously Dr. Wilson hasn't replied... which I can understand.

Personally I dropped out of academics when I realized that there was only slow growth in the number of tenure track positions; so to a first approximation, a tenured professor only had to produce one replacement over his career. So if a professor had a 40 year career, with 6 graduate students at any time each taking 6 years to get a doctorate, only 1/40 would get 'that position'.

It was pretty eye-opening and I'm glad I realized it when I did.

I do think universities have a moral obligation to educate people on this. I actually think it needs to be done in the undergraduate career counseling.

I think that the point wasn't that it was legally restricted but that the economics of renting out a single family home don't worn in San Francisco proper.

Consider Noe Valley... A 1500 sf 3 BR there would go for at least $1.75m right now. With mortgage plus tax you're looking at at least $11k/mo in cash flow. Even at the high rents in Noe Valley that's hard to cover.

Put differently the minimum bar for rent to be cash flow positive is about 7% net return. For that $1.75m house you'd need about $10.5k/mo in rent (doing math in my head so I might be off).

So the people buying the single family houses are probably buying as a capital play and to live in, not as a rental investment.