Quote:
Originally Posted by Kelse92
I think the key in the market and the trend I'm seeing where the big money is being spent (ie Hedge Funds) is in the Single Family Rental (SFR) market. Suburbs around here you can buy new construction for as low as around 205-215k for the average 3/2 1600sqft single story and it will bring in $2000-2100/mo. They also are going for 1980-newer properties with similar numbers. I think with market prices likely generally stabilizing over the next few years this will be a good model
|
People paying $2K / mo. in rent on a $215K home need to reassess their buy vs. rent decision.