Yep LA. That’s the odd point on how out of whack rents and home price have become. People get emotional, can’t discern between want and need.
At the moment, I need a one bedroom, a two is nice it cuts costs with the roomie. What I want? That’s at least a 3-2 with a yard, real yard, no shared walls. etc. Yep, an SFR on a 6000 sq ft lot.
The cost difference? About $4000/month in the OC before taxes. Guess I have to miss out on that “tax savings”.
I could buy and rent out a room, but that’s about $500-$700. Roughly enough to cover the property tax on an SFR.
Of course, over the next ten years, I expect rent growth. But… as rent growth goes, more rentals will be built, it’ll grow at inflation. IMHO.
