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May 30, 2009 at 6:12 PM in reply to: The past doesn’t repeat but it Rhymes: Lessons from Japans Financial Crisis #408381
patb
Participant[quote=FormerSanDiegan][quote=scaredycat]seems unlikely a 130k house would rent for 1500 for long. [/quote]
So, why is that ?
Should the price be higher because the rent supports it ?
OR
Should the rent go down to align more closely with the price of the property ?
[/quote]Because someone paying 1500/month can go put their own place for 135K then.
1500/Month will support up to a 220K house (Yes, i’m handwaving on interest rates and insurance).
So most people getting that kind of rent will seek to buy houses for 130K-220K in price.
if you assume Rent/Own for a 130K house, that’s closer to a
1000/month rent.patb
Participant[quote=FormerSanDiegan][quote=scaredycat]seems unlikely a 130k house would rent for 1500 for long. [/quote]
So, why is that ?
Should the price be higher because the rent supports it ?
OR
Should the rent go down to align more closely with the price of the property ?
[/quote]Because someone paying 1500/month can go put their own place for 135K then.
1500/Month will support up to a 220K house (Yes, i’m handwaving on interest rates and insurance).
So most people getting that kind of rent will seek to buy houses for 130K-220K in price.
if you assume Rent/Own for a 130K house, that’s closer to a
1000/month rent.patb
Participant[quote=FormerSanDiegan][quote=scaredycat]seems unlikely a 130k house would rent for 1500 for long. [/quote]
So, why is that ?
Should the price be higher because the rent supports it ?
OR
Should the rent go down to align more closely with the price of the property ?
[/quote]Because someone paying 1500/month can go put their own place for 135K then.
1500/Month will support up to a 220K house (Yes, i’m handwaving on interest rates and insurance).
So most people getting that kind of rent will seek to buy houses for 130K-220K in price.
if you assume Rent/Own for a 130K house, that’s closer to a
1000/month rent.patb
Participant[quote=FormerSanDiegan][quote=scaredycat]seems unlikely a 130k house would rent for 1500 for long. [/quote]
So, why is that ?
Should the price be higher because the rent supports it ?
OR
Should the rent go down to align more closely with the price of the property ?
[/quote]Because someone paying 1500/month can go put their own place for 135K then.
1500/Month will support up to a 220K house (Yes, i’m handwaving on interest rates and insurance).
So most people getting that kind of rent will seek to buy houses for 130K-220K in price.
if you assume Rent/Own for a 130K house, that’s closer to a
1000/month rent.patb
Participant[quote=FormerSanDiegan][quote=scaredycat]seems unlikely a 130k house would rent for 1500 for long. [/quote]
So, why is that ?
Should the price be higher because the rent supports it ?
OR
Should the rent go down to align more closely with the price of the property ?
[/quote]Because someone paying 1500/month can go put their own place for 135K then.
1500/Month will support up to a 220K house (Yes, i’m handwaving on interest rates and insurance).
So most people getting that kind of rent will seek to buy houses for 130K-220K in price.
if you assume Rent/Own for a 130K house, that’s closer to a
1000/month rent.patb
Participant[quote=temeculaguy] After I stole some FB’s house, his car and wife just didn’t interest me as much. Either the tin man got a heart or the lion didn’t find courage,.[/quote]
I see a lot of these wives up for rent on craigslist.
patb
Participant[quote=temeculaguy] After I stole some FB’s house, his car and wife just didn’t interest me as much. Either the tin man got a heart or the lion didn’t find courage,.[/quote]
I see a lot of these wives up for rent on craigslist.
patb
Participant[quote=temeculaguy] After I stole some FB’s house, his car and wife just didn’t interest me as much. Either the tin man got a heart or the lion didn’t find courage,.[/quote]
I see a lot of these wives up for rent on craigslist.
patb
Participant[quote=temeculaguy] After I stole some FB’s house, his car and wife just didn’t interest me as much. Either the tin man got a heart or the lion didn’t find courage,.[/quote]
I see a lot of these wives up for rent on craigslist.
patb
Participant[quote=temeculaguy] After I stole some FB’s house, his car and wife just didn’t interest me as much. Either the tin man got a heart or the lion didn’t find courage,.[/quote]
I see a lot of these wives up for rent on craigslist.
patb
Participant[quote=patb]i’d call your local habitat or christmas in april chapter, maybe they
can help you find some people[/quote]BTW it sucks to do that repainting thing to make the realtors happy.
the existing paint is perfectly fine, but realtors just want beige everywhere.patb
Participant[quote=patb]i’d call your local habitat or christmas in april chapter, maybe they
can help you find some people[/quote]BTW it sucks to do that repainting thing to make the realtors happy.
the existing paint is perfectly fine, but realtors just want beige everywhere.patb
Participant[quote=patb]i’d call your local habitat or christmas in april chapter, maybe they
can help you find some people[/quote]BTW it sucks to do that repainting thing to make the realtors happy.
the existing paint is perfectly fine, but realtors just want beige everywhere.patb
Participant[quote=patb]i’d call your local habitat or christmas in april chapter, maybe they
can help you find some people[/quote]BTW it sucks to do that repainting thing to make the realtors happy.
the existing paint is perfectly fine, but realtors just want beige everywhere. -
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