My house sqf. is little bit over 3000, my neighbor rented 2900 sqf house with $4000 rental without problem in summer. If people chose buying the house, besides the big chunk of down payment, the monthly cost would be around $4200 (mortgage, tax, hoa etc.). For high price rental house, the credit and income check is more strict, so I rejected some applicants due to that sake.

[quote=bullishgurl][quote=maoing]So it’s not wise to keep big house as rental? I’m contacting listing agent too to sell the house if the renting is so hard. I don’t think that’s the price issue though because none wants to negotiate price to me. But lowering the price to next bracket certainly will help attract more tenants. It’s mainly the tenant pool issue which running thin sharply after summer.[/quote]

I think most people who move with families do so before school starts. Also, I don’t how good the job market is in RB/4s.

I use to work in RB, and if I remember the tech corridor there had a lot of downsizing. Broadcom is down from occupying 4 buildings to 1, Sony trimmed a lot of employees there, so did Nokia, Microsoft, Yahoo. And there were a lot of cuts to BAE and other defense company is there. But I haven’t been back there for awhile, do wouldn’t be able to tell you what’s going on right now in the tech area there.

If you don’t mind me asking, how much for rent and what is the square footage?

Right now 2600sqft in Carmel Valley won’t have a problem fetching $4000/month for rent.

I don’t think it’s a problem with the high price of rental, because some people.can afford the payments. They just can’t come up with the down payment for a loan.[/quote]