I agree too, realestate is tumbling. I don’t even know if ’07 or ’08 would be the time I would invest if I were going too. Maybe 2010, but just as 4k is ridiculous for a sfr mortgage payment so is the 3k it’s gonna cost to rent it, in the next couple of years. If my bets are right.
It’s like gas going to 4 bucks a gallon. It may be down for now but, 4 bucks plus is down the pike. Folks can’t afford that either, it goes up anyway. Oil companies don’t care whether you can or not. There aren’t alternative fuels available quickly, or cheaply enough, etc……..It’s just the way it is.
It’s an SFH in a nice area with few rentals, moving would be a hassle. I’m not one to haggle, I’ll just pay the increase and buy house in a couple of years. They are nice landlords, and the price was reasonable when I took it originally.
