I’ve noticed more than a few houses that are listed both for sale and for rent. I’m sure it comes as a surprise to no one that even if the rent seems a little high, it’s a great deal compared to the cost of owning the same property.
We rent a home that listed for $900,000 for $2800 a month. Anybody else care to share?
(no pressure, I can understand why one might not want to. I was a little reluctant to post mine, but I’m just too darn curious about the subject).
I rent a one-bdrm cottage in University Heights for $895. Has a yard and deck too! A similarly-sized house is for sale a block up for $410K. With 20% down, mortgage there would be $2500 – $3000 plus prop taxes plus insurance….
We own a home in Oceanside that we’re renting out for $1750 / mo. At least a few months ago, it would have sold for ~ $500k. The rent is a bit lower than we could get, but gives us a lot more prospects to choose from and has eliminated any headaches from bad renters.
A similar cottage close to the one I currently live in sold last year (at the peak) for $600,000. The cottage I rent is larger and in a nicer neighborhood with a bigger yard. I pay $900 (includes a gardener and water bill).
I rent a 3 bd 2 bth townhome -1900 Sqft in Mission Viejo, 2200 a month – the unit next door sold for $585 last week.
Homes of simular size are still selling at low 700’s and high 600’s here. I would not buy this townhome for $350, as HOA dues are skyrocketing. I am comfortable to sit and wait – money in the bank.
dks
House I’m renting was on the market for $850k this past summer, didn’t sell. I’m renting it for $2,600, personally I am not interested at all in buying it even if it were as low as $500k.
Just looking at it, I figure it is “worth” about $400k
I am paying 1725 for a 3bd/2.5 ba condo 0.5 mile from the beach in Carlsbad. My lease is up this November so I expect about a 2 – 3% increase. Same exact units are languishing for under 500K. These are nice condos but old (25 yrs.) and small (<1500 sq/ft). I wouldn't even think of buying over 400K.
