how many of you here think that a 1900 sq ft home in Harveston will fall below $350k??
Considering the monthly rent for those houses vs. the property taxes/mello roos and HOA dues, low to mid 200’s is where the cost of owning approaches the cost of renting. Anything over that is betting on future housing price inflation.
Also, those houses were selling for 280K in 2003 – that wasn’t very long ago and that was already half-way into the boom phase of the real estate cycle.
Another 100K price drop and maybe I’d buy one myself!
