Agree with most of the above. I rent in SEH near the town center and watch the market very close. Activity has been HUGE lately for houses price aggressively. Low to mid 5’s leads to a sale in the high 5’s low 6’s.
Recent moron on Rivercrest listed at 725 and then a week laterdown to 639. There are several listings in my immediate neighborhood at 599-650 that aren’t moving. Near Questhaven is where you see the high MR.
In general piggs fuss too much about MR. For every $300 monthly MR, you just need to discount the house by $50K vs. a house w/o MR…it’s just simple valuation principles. Just like Piggs claim sellers are too emotional – Piggs are too emotional on MR.
