“If you are a renter waiting to buy and you miss out on the one you wanted or get no home at all what benefit did you get from the “sell off”?
I feel I have been able to get a great price on a 2nd home recently. It was the one I wanted in the neighborhood I wanted.
I was surprised to able to rent it for more than I could get by putting my money in other fixed income instruments. I was expecting only $3400/mo but got $3800/mo.. I’m sure others will be able to do the same as more and more people are being forced into the rental market.”
to “cash buyer of ocean view coastal”? does the typical renter have cash in pocket to buy an investment property that’s an ocean view coastal?
how do you calculate a rate of return when you paid cash? what is the rate of return in relation to? current value of the house? equivalent mortgage payment?
