[quote=peterb]Do your home work and find out what rents are going for so that you can decide what to do. If it’s your key component for decision-making, you need to get a good handle on it. Then decide if rents may be going down….[/quote]
Well, that was my other question – how do you find out rents, and are they relevant for SFH?
I rent in UTC a 2 bdr apt that’s quite nice but very expensive ($2500), and I want to buy a 4 bdr SFH in PQ. There are very few houses there that are posted for rent. It seems like a 4 bdr , >2000 sf home would rent there for ~$2000-2600, based on craigslist. Not sure how much store to set on those numbers. Some people that have a lot of equity may not care much if they charge a smaller rent. Others are more desperate for money and would charge more rent. It’s not much competition, I don’t think, and it’s not really regulated and determined by the market. I could be wrong though.(Note: I am not comparing my UTC apt. rent with the PQ SFH rent, though it is a factor in my decision, too).
