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ParticipantSorry, Jimmy. These 2 houses should be in the low-200 to mid-200 range. They are way overpriced. If you build it (savings), it(nicer house) will come.
Wow, low to mid 200k? Really? @ 6% and 0% down,low to mid 200k will yield 1200-1500/month mortgage fully amortized. That’s before any tax break. The rent for this place should be around 1700-1800/month. You can’t even rent a 2bed/2bath apartment in MM for 1200, they go for around 1300-1500/month on this side of MM.
Even at the bottom of the last cycle, older & smaller home in south west MM was about $200/month more, after 10% down, than the rent of 2 bed/2 bath apartment in Summerset. So, although I’d love to see it go down to low 200k, I highly doubt it’ll happen unless rent collapse as well.
ParticipantSorry, Jimmy. These 2 houses should be in the low-200 to mid-200 range. They are way overpriced. If you build it (savings), it(nicer house) will come.
Wow, low to mid 200k? Really? @ 6% and 0% down,low to mid 200k will yield 1200-1500/month mortgage fully amortized. That’s before any tax break. The rent for this place should be around 1700-1800/month. You can’t even rent a 2bed/2bath apartment in MM for 1200, they go for around 1300-1500/month on this side of MM.
Even at the bottom of the last cycle, older & smaller home in south west MM was about $200/month more, after 10% down, than the rent of 2 bed/2 bath apartment in Summerset. So, although I’d love to see it go down to low 200k, I highly doubt it’ll happen unless rent collapse as well.
ParticipantSorry, Jimmy. These 2 houses should be in the low-200 to mid-200 range. They are way overpriced. If you build it (savings), it(nicer house) will come.
Wow, low to mid 200k? Really? @ 6% and 0% down,low to mid 200k will yield 1200-1500/month mortgage fully amortized. That’s before any tax break. The rent for this place should be around 1700-1800/month. You can’t even rent a 2bed/2bath apartment in MM for 1200, they go for around 1300-1500/month on this side of MM.
Even at the bottom of the last cycle, older & smaller home in south west MM was about $200/month more, after 10% down, than the rent of 2 bed/2 bath apartment in Summerset. So, although I’d love to see it go down to low 200k, I highly doubt it’ll happen unless rent collapse as well.
ParticipantThe Penridge St. is a house while the other one is a detached condo type of place. Penridge area is also much more quieter than the New Salem area. The park in New Salem is very busy too. You’ll get a lot of cars parked on the street and a lot of people go there. Same price, I’d pick Penridge.
ParticipantThe Penridge St. is a house while the other one is a detached condo type of place. Penridge area is also much more quieter than the New Salem area. The park in New Salem is very busy too. You’ll get a lot of cars parked on the street and a lot of people go there. Same price, I’d pick Penridge.
ParticipantThe Penridge St. is a house while the other one is a detached condo type of place. Penridge area is also much more quieter than the New Salem area. The park in New Salem is very busy too. You’ll get a lot of cars parked on the street and a lot of people go there. Same price, I’d pick Penridge.
ParticipantThe Penridge St. is a house while the other one is a detached condo type of place. Penridge area is also much more quieter than the New Salem area. The park in New Salem is very busy too. You’ll get a lot of cars parked on the street and a lot of people go there. Same price, I’d pick Penridge.
ParticipantThe Penridge St. is a house while the other one is a detached condo type of place. Penridge area is also much more quieter than the New Salem area. The park in New Salem is very busy too. You’ll get a lot of cars parked on the street and a lot of people go there. Same price, I’d pick Penridge.
Participantwow, that’s some major disparity. I wonder this myself. How could you not know your competitor. For 300-400k, you’ d have one rocking interior.
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