[quote=Scarlett]
My question is, wouldn’t the rents in this higher end be more influenced by economy and tend to go down along with the prices?[/quote]
Unemployment among prospective tenants of these townhomes is considerably lower than among general population. So far those rents were probably _less_ influenced by economy.
If you adjust for tax deduction, anything below 700K is rent neutral. E.g. if you buy 8843 Caminito Sueno in the middle of its asking range, 20% down, assuming 150K household income, 5.25% mortgage … PITI $3900, tax deduction ~$950, downpayment opportunity cost ~$250, rent equivalent $3200/month.
