“FYI, for my house to get

[Arraya]

“FYI, for my house to get back to rental range it would have to get down to the purchase price a decade ago net of installing landscaping, appliances, window treatments etc and rates would have to be around 5.5% and you would need to put down more than 25%.
Good luck on that one.”

Are you bragging about you house being in a great area or are you trying to say I don’t know what I am talking about?

I guess it depends where you are looking….

Here is a house from my area that I picked at random. This would rent for above $2500

http://www.sdlookup.com/Property-4B35E3C4-1111_Washington_Pl_San_Diego_CA_92103

If prices drop 30% and I put 20% down @ 6.25 I’m right there…

Like I said I don’t see it being to far off in some areas. La jolla etc… that is a different story.

FYI…if you track that place back a decade and put 25% down you would be at ove 1K positive cash flow. I don’t see that happening either..