At that price point, the rental value exceeds the sale value. It’s about at the tipping point though. At that price point (outlined in the other thread), a new buyer can’t really purchase it with anything over 50% financing and make a return on capital after paying the stepped up taxes and costs. The net result, the homes change hands to new owners, not landlords.

As the price goes up, the rental value doesn’t keep up and the houses tend to resell and revamp instead of refurb and rent.

As another pointed out, rental market above certain amounts thin out quickly.