Such an interesting relationship between rents and house prices. In Sacramento, apartments/small homes have been moving up while bigger properties have been flat. It seems that those who cannot afford to buy anything will be forced into higher rents, but it is a rare tenant who can afford to buy but is chosing to pay $2,000/month instead.

I have a very nice 4-bedroom house with 3-car garage for $1,500/month (allegedly “worth” $600k now), but you wouldn’t believe the lousy stuff we were shown at the tenant-competitive $1,200 level. We got three times the quality for that extra $300.