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September 4, 2009 at 4:05 PM #453919September 4, 2009 at 9:27 PM #453220
an
ParticipantVery good point sdr. I guess we should ask what’s a real rental price vs what you’re paying, since landlord would rather keep rent the same for good tenants than raising it and risking them moving. Especially landlords who already have positive cash flow. CAR, is sdr correct that your market rent would be around $2500 instead of $2100? That $400/month should be ~$80k in purchase price.
September 4, 2009 at 9:27 PM #453413ParticipantVery good point sdr. I guess we should ask what’s a real rental price vs what you’re paying, since landlord would rather keep rent the same for good tenants than raising it and risking them moving. Especially landlords who already have positive cash flow. CAR, is sdr correct that your market rent would be around $2500 instead of $2100? That $400/month should be ~$80k in purchase price.
September 4, 2009 at 9:27 PM #453753ParticipantVery good point sdr. I guess we should ask what’s a real rental price vs what you’re paying, since landlord would rather keep rent the same for good tenants than raising it and risking them moving. Especially landlords who already have positive cash flow. CAR, is sdr correct that your market rent would be around $2500 instead of $2100? That $400/month should be ~$80k in purchase price.
September 4, 2009 at 9:27 PM #453825ParticipantVery good point sdr. I guess we should ask what’s a real rental price vs what you’re paying, since landlord would rather keep rent the same for good tenants than raising it and risking them moving. Especially landlords who already have positive cash flow. CAR, is sdr correct that your market rent would be around $2500 instead of $2100? That $400/month should be ~$80k in purchase price.
September 4, 2009 at 9:27 PM #454016ParticipantVery good point sdr. I guess we should ask what’s a real rental price vs what you’re paying, since landlord would rather keep rent the same for good tenants than raising it and risking them moving. Especially landlords who already have positive cash flow. CAR, is sdr correct that your market rent would be around $2500 instead of $2100? That $400/month should be ~$80k in purchase price.
September 4, 2009 at 10:28 PM #453230temeculaguy
Participantsdr, what would a house like that sell for? I’m guessing it would be over 500k? I get into so many discussions with CAR and a few others that it would help me in future advice/opinions to get a handle on the rent/price ratio, it also helps to understand why they are freaking mad. It would be nice to find a couple of examples that have been rentals for a long time and see what the rent to purchase ratio has been for the last 10-15 years. Has it always been over 200x? If it’s always been that way, that is one thing, but if the rent multiplier has only been recently out of whack, it might be a telling stat.
September 4, 2009 at 10:28 PM #453423Participantsdr, what would a house like that sell for? I’m guessing it would be over 500k? I get into so many discussions with CAR and a few others that it would help me in future advice/opinions to get a handle on the rent/price ratio, it also helps to understand why they are freaking mad. It would be nice to find a couple of examples that have been rentals for a long time and see what the rent to purchase ratio has been for the last 10-15 years. Has it always been over 200x? If it’s always been that way, that is one thing, but if the rent multiplier has only been recently out of whack, it might be a telling stat.
September 4, 2009 at 10:28 PM #453762Participantsdr, what would a house like that sell for? I’m guessing it would be over 500k? I get into so many discussions with CAR and a few others that it would help me in future advice/opinions to get a handle on the rent/price ratio, it also helps to understand why they are freaking mad. It would be nice to find a couple of examples that have been rentals for a long time and see what the rent to purchase ratio has been for the last 10-15 years. Has it always been over 200x? If it’s always been that way, that is one thing, but if the rent multiplier has only been recently out of whack, it might be a telling stat.
September 4, 2009 at 10:28 PM #453835Participantsdr, what would a house like that sell for? I’m guessing it would be over 500k? I get into so many discussions with CAR and a few others that it would help me in future advice/opinions to get a handle on the rent/price ratio, it also helps to understand why they are freaking mad. It would be nice to find a couple of examples that have been rentals for a long time and see what the rent to purchase ratio has been for the last 10-15 years. Has it always been over 200x? If it’s always been that way, that is one thing, but if the rent multiplier has only been recently out of whack, it might be a telling stat.
September 4, 2009 at 10:28 PM #454026Participantsdr, what would a house like that sell for? I’m guessing it would be over 500k? I get into so many discussions with CAR and a few others that it would help me in future advice/opinions to get a handle on the rent/price ratio, it also helps to understand why they are freaking mad. It would be nice to find a couple of examples that have been rentals for a long time and see what the rent to purchase ratio has been for the last 10-15 years. Has it always been over 200x? If it’s always been that way, that is one thing, but if the rent multiplier has only been recently out of whack, it might be a telling stat.
September 4, 2009 at 11:31 PM #453245all
ParticipantA guy I know has to find a new rental, after only one year in the current one (the previous owner got foreclosed).
He is looking costal, Del Mar to South Carlsbad and he says the asking prices are 10-15% lower today than 15 months ago. What used to be close to $3K is now available for $2,300 – $2,500 (newer 2K+ sf w/out view or older 1,600+ with view).
Also, the landlords are more open to hosting his three large dogs.September 4, 2009 at 11:31 PM #453438ParticipantA guy I know has to find a new rental, after only one year in the current one (the previous owner got foreclosed).
He is looking costal, Del Mar to South Carlsbad and he says the asking prices are 10-15% lower today than 15 months ago. What used to be close to $3K is now available for $2,300 – $2,500 (newer 2K+ sf w/out view or older 1,600+ with view).
Also, the landlords are more open to hosting his three large dogs.September 4, 2009 at 11:31 PM #453777ParticipantA guy I know has to find a new rental, after only one year in the current one (the previous owner got foreclosed).
He is looking costal, Del Mar to South Carlsbad and he says the asking prices are 10-15% lower today than 15 months ago. What used to be close to $3K is now available for $2,300 – $2,500 (newer 2K+ sf w/out view or older 1,600+ with view).
Also, the landlords are more open to hosting his three large dogs.September 4, 2009 at 11:31 PM #453850ParticipantA guy I know has to find a new rental, after only one year in the current one (the previous owner got foreclosed).
He is looking costal, Del Mar to South Carlsbad and he says the asking prices are 10-15% lower today than 15 months ago. What used to be close to $3K is now available for $2,300 – $2,500 (newer 2K+ sf w/out view or older 1,600+ with view).
Also, the landlords are more open to hosting his three large dogs. -
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