Home › Forums › Closed Forums › Buying and Selling RE › $2800 per month rent translates into what purchase price
- This topic has 10 replies, 2 voices, and was last updated 13 years, 6 months ago by
MostlyLurk.
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February 22, 2011 at 2:13 PM #18558February 22, 2011 at 3:24 PM #669707
matt-waiting
ParticipantI remember reading somewhere that Mission Hills has the highest disparity between renting and purchasing in San Diego. Meaning it has low rent compared to purchase price. I love Mission Hills and rent there, but I would not consider buying at these prices. There is no way you could rent out your $700,000 MH home for over $3,500.
Del Cerro and Mt. Helix may be different.
February 22, 2011 at 3:24 PM #669769matt-waiting
ParticipantI remember reading somewhere that Mission Hills has the highest disparity between renting and purchasing in San Diego. Meaning it has low rent compared to purchase price. I love Mission Hills and rent there, but I would not consider buying at these prices. There is no way you could rent out your $700,000 MH home for over $3,500.
Del Cerro and Mt. Helix may be different.
February 22, 2011 at 3:24 PM #670376matt-waiting
ParticipantI remember reading somewhere that Mission Hills has the highest disparity between renting and purchasing in San Diego. Meaning it has low rent compared to purchase price. I love Mission Hills and rent there, but I would not consider buying at these prices. There is no way you could rent out your $700,000 MH home for over $3,500.
Del Cerro and Mt. Helix may be different.
February 22, 2011 at 3:24 PM #670516matt-waiting
ParticipantI remember reading somewhere that Mission Hills has the highest disparity between renting and purchasing in San Diego. Meaning it has low rent compared to purchase price. I love Mission Hills and rent there, but I would not consider buying at these prices. There is no way you could rent out your $700,000 MH home for over $3,500.
Del Cerro and Mt. Helix may be different.
February 22, 2011 at 3:24 PM #670859matt-waiting
ParticipantI remember reading somewhere that Mission Hills has the highest disparity between renting and purchasing in San Diego. Meaning it has low rent compared to purchase price. I love Mission Hills and rent there, but I would not consider buying at these prices. There is no way you could rent out your $700,000 MH home for over $3,500.
Del Cerro and Mt. Helix may be different.
February 22, 2011 at 3:39 PM #669712MostlyLurk
ParticipantThat’s how I see it too matt-waiting. I am happy with our rental situation, but I keep an eye on new listings, go to look at and have made some offers on fixers that have architecture I like.
There are a lot of variables in the rent/buy equation and a lot of assumptions about the future.
I was just curious what price others would think it was worth buying the same (or substantially similar size/quality) house they rent for $2800.
February 22, 2011 at 3:39 PM #669774MostlyLurk
ParticipantThat’s how I see it too matt-waiting. I am happy with our rental situation, but I keep an eye on new listings, go to look at and have made some offers on fixers that have architecture I like.
There are a lot of variables in the rent/buy equation and a lot of assumptions about the future.
I was just curious what price others would think it was worth buying the same (or substantially similar size/quality) house they rent for $2800.
February 22, 2011 at 3:39 PM #670381MostlyLurk
ParticipantThat’s how I see it too matt-waiting. I am happy with our rental situation, but I keep an eye on new listings, go to look at and have made some offers on fixers that have architecture I like.
There are a lot of variables in the rent/buy equation and a lot of assumptions about the future.
I was just curious what price others would think it was worth buying the same (or substantially similar size/quality) house they rent for $2800.
February 22, 2011 at 3:39 PM #670521MostlyLurk
ParticipantThat’s how I see it too matt-waiting. I am happy with our rental situation, but I keep an eye on new listings, go to look at and have made some offers on fixers that have architecture I like.
There are a lot of variables in the rent/buy equation and a lot of assumptions about the future.
I was just curious what price others would think it was worth buying the same (or substantially similar size/quality) house they rent for $2800.
February 22, 2011 at 3:39 PM #670864MostlyLurk
ParticipantThat’s how I see it too matt-waiting. I am happy with our rental situation, but I keep an eye on new listings, go to look at and have made some offers on fixers that have architecture I like.
There are a lot of variables in the rent/buy equation and a lot of assumptions about the future.
I was just curious what price others would think it was worth buying the same (or substantially similar size/quality) house they rent for $2800.
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