We’ve tentatively established a ceiling of about 300-330K (depending on the exact unit) of what we’re willing to bid. For the area, these are just a little above what appears to be rent neutral, so we think they may be a little above what an investor (who is looking for a good return rate) might bid, but yet allows us to potentially keep the unit as a rental in the future (6+ years out) when we move up to a larger house. If people bid the homes up beyond those prices, we have already decided to sit, as we do realize there are plenty of other opportunities coming down the pike in the future.
Since we don’t have any kids, the size is actually about perfect for us, and they are large enough that if we decide to have a family, they shouldn’t be cramped during the really young years (we’d almost certainly be moving up by the time the kids were in school)
