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  • August 18, 2011 at 2:15 PM #722180
    sdsundevil
    Participant

    I knew these days were coming. Now, the question is how long it will take people to wake up to this fact. When it becomes cheaper to own than rent, you have hit bottom. Things may go a little lower, but they are constrained by rents.

    Is anyone aware of any charts of home prices vs. rent. It would be interesting to see. I bought my first house in 1998 when it was clearly cheaper to own than rent (my PITI total for my 2BR/2BA was less than the rent on my 1 BR apartment). I’m not sure the situation is quite that good yet, but it’s getting there.

    What I’m really trying to say is that when the economy comes back, housing is going to take off again, at least around here. We are headed towards another under-built situation like the late 90’s when you couldn’t find new houses because of the early 90s swoon.

    August 18, 2011 at 5:54 PM #721076
    matt
    Participant

    I’m close to renting my LC Oaks home for 4200/month, 5K security deposit. We’ve had several interested parties. Have also talked to a couple of folks that are looking to downsize from large expensive to maintain Olivenhain estates but keep their kids in the same or similar schools.

    Hope to be somewhere north of cash flow neutral which will be a great relief and we love the idea of having a tenant pay the mortgage on our dream retirement home. Am getting the house power washed and the windows done as i type. Hoping the karma pays off and we get a great tenant…

    August 18, 2011 at 5:54 PM #721168
    matt
    Participant

    I’m close to renting my LC Oaks home for 4200/month, 5K security deposit. We’ve had several interested parties. Have also talked to a couple of folks that are looking to downsize from large expensive to maintain Olivenhain estates but keep their kids in the same or similar schools.

    Hope to be somewhere north of cash flow neutral which will be a great relief and we love the idea of having a tenant pay the mortgage on our dream retirement home. Am getting the house power washed and the windows done as i type. Hoping the karma pays off and we get a great tenant…

    August 18, 2011 at 5:54 PM #721768
    matt
    Participant

    I’m close to renting my LC Oaks home for 4200/month, 5K security deposit. We’ve had several interested parties. Have also talked to a couple of folks that are looking to downsize from large expensive to maintain Olivenhain estates but keep their kids in the same or similar schools.

    Hope to be somewhere north of cash flow neutral which will be a great relief and we love the idea of having a tenant pay the mortgage on our dream retirement home. Am getting the house power washed and the windows done as i type. Hoping the karma pays off and we get a great tenant…

    August 18, 2011 at 5:54 PM #721924
    matt
    Participant

    I’m close to renting my LC Oaks home for 4200/month, 5K security deposit. We’ve had several interested parties. Have also talked to a couple of folks that are looking to downsize from large expensive to maintain Olivenhain estates but keep their kids in the same or similar schools.

    Hope to be somewhere north of cash flow neutral which will be a great relief and we love the idea of having a tenant pay the mortgage on our dream retirement home. Am getting the house power washed and the windows done as i type. Hoping the karma pays off and we get a great tenant…

    August 18, 2011 at 5:54 PM #722290
    matt
    Participant

    I’m close to renting my LC Oaks home for 4200/month, 5K security deposit. We’ve had several interested parties. Have also talked to a couple of folks that are looking to downsize from large expensive to maintain Olivenhain estates but keep their kids in the same or similar schools.

    Hope to be somewhere north of cash flow neutral which will be a great relief and we love the idea of having a tenant pay the mortgage on our dream retirement home. Am getting the house power washed and the windows done as i type. Hoping the karma pays off and we get a great tenant…

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