I still think that’s a lot for these homes. My bigger concern would be, do they continue to try and sell the house? Wouldn’t 3K per month mean they are burning cash, and only plan to rent until the market picks back, which everyone knows is Spring 2007. 😉

We make in the 150K range, and if I paid this kind of money in rent, I wouldn’t have much left over (after paying the bills, student loans, etc.) to save up for a new home.