" I"m thinking that with residential prices so high in the hot markets, rents will start going up, "
depends. Here in the CA bay area, rents are averaging only half of the mortgage (P&I) for the identical house. the SF Chronicle reported that in May. We opted at that time to rent here and invest elsewhere. Our rent is $1700 and identical neighbor houses are selling 680-690k
search the Chronicle at sSfgate doctcom for "Why buy a home when you can rent for half the cost?"
" I"m thinking that with residential prices so high in the hot markets, rents will start going up, "
depends. Here in the CA bay area, rents are averaging only half of the mortgage (P&I) for the identical house. the SF Chronicle reported that in May. We opted at that time to rent here and invest elsewhere. Our rent is $1700 and identical neighbor houses are selling 680-690k
search the Chronicle at sSfgate doctcom for "Why buy a home when you can rent for half the cost?"