I have not been following rent prices since I normally don’t raise rents each year. But holy shet. Really? I mean, I believe you. I just am a little shocked at how much the rent is.
If I was just starting out, I would be spending most of my money on rent and have almost nothing left. In fact, I probably wouldn’t want to be in SD. I couldn’t afford it.
If you can qualify for a new $1.5m loan, I would probably just keep the old house and rent it out.Just curious, what’s your loan rate, and I’m assuming it’s a 30 year? Two tech workers bringing in $500k, you shouldn’t have a problem qualifying for the new loan.
