It may make a strong shift here pretty soon if these measures dont pass tomorrow. If Arnold keeps his word and lots of people are laid-off. Also, cities wont be getting any financial help from the state either. This may actually put CA in the highest unemployment level since the 1930’s. Wonder what it’ll do to RE prices come this Fall?
I was actually referring to house price to rent ratio, not so much income/rent ratio (though that’s also an important metric). For example, one of the house I looked was renting for $2500/month, and on sale for $625,000, creating a ratio of 250. This is ignoring maintenance/property tax/other costs, but is easily to calculate for lots of properties.
I was actually referring to house price to rent ratio, not so much income/rent ratio (though that’s also an important metric). For example, one of the house I looked was renting for $2500/month, and on sale for $625,000, creating a ratio of 250. This is ignoring maintenance/property tax/other costs, but is easily to calculate for lots of properties.
I was actually referring to house price to rent ratio, not so much income/rent ratio (though that’s also an important metric). For example, one of the house I looked was renting for $2500/month, and on sale for $625,000, creating a ratio of 250. This is ignoring maintenance/property tax/other costs, but is easily to calculate for lots of properties.
I was actually referring to house price to rent ratio, not so much income/rent ratio (though that’s also an important metric). For example, one of the house I looked was renting for $2500/month, and on sale for $625,000, creating a ratio of 250. This is ignoring maintenance/property tax/other costs, but is easily to calculate for lots of properties.
I was actually referring to house price to rent ratio, not so much income/rent ratio (though that’s also an important metric). For example, one of the house I looked was renting for $2500/month, and on sale for $625,000, creating a ratio of 250. This is ignoring maintenance/property tax/other costs, but is easily to calculate for lots of properties.
180 to 210 is a pretty good range. Another metric is $ per sq ft. In newer developments like 4S Ranch or SEH, $1/sq ft is fairly common ie $3K monthly rent for a 3K sq ft house.
180 to 210 is a pretty good range. Another metric is $ per sq ft. In newer developments like 4S Ranch or SEH, $1/sq ft is fairly common ie $3K monthly rent for a 3K sq ft house.
180 to 210 is a pretty good range. Another metric is $ per sq ft. In newer developments like 4S Ranch or SEH, $1/sq ft is fairly common ie $3K monthly rent for a 3K sq ft house.
180 to 210 is a pretty good range. Another metric is $ per sq ft. In newer developments like 4S Ranch or SEH, $1/sq ft is fairly common ie $3K monthly rent for a 3K sq ft house.
