[quote=Diego Mamani]
I think that’s still grossly overpriced. If the house would rent for about $2500/month, sales price should not be much higher than $250K.[/quote]
Really? $250k for a place that would rent for $2500/month? $250k @ 4.5% w/ 20% down = $1013/month mortgage. Even with FHA @ 6% and 3.5% down, you’re still looking at $1450/month. Has there ever been a time where it’s 40-60% cheaper per month to buy vs rent?
