So maybe fear is driving the prices down vs true value? It so difficult to understand in this market. I wonder what the median income for that area is? If you buy a house for $520 and put 20% down, you’re talking about a $410K and probably around $3,000 a month, no HOA and no Melaroos. So a family pulling in about $120,000 a year is taking in, likely around $6k-7K a month. Plus they don’t have to drive to far to employment areas (10-miles to downtown). Hmm
Problem is, not much is available east of College Ave. Only one or two homes up for sale.
