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re: Homes in upper middle class neighborhoods going up for rent

Posted on 5/16/24 at 7:46 am to
Posted by bird35
Georgia
Member since Sep 2012
12327 posts
Posted on 5/16/24 at 7:46 am to
I drive by a new neighborhood being constructed. These are nice houses which would sell for the low 300s. They are renting every house in that neighborhood.

Pretty large neighborhood as well about 250 houses.

Posted by HempHead
Big Sky Country
Member since Mar 2011
55524 posts
Posted on 5/16/24 at 7:47 am to
quote:

I drive by a new neighborhood being constructed. These are nice houses which would sell for the low 300s. They are renting every house in that neighborhood.



New construction here is 750-1.1. I have no idea who the hell is renting at those prices.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51464 posts
Posted on 5/16/24 at 7:53 am to
quote:

I drive by a new neighborhood being constructed. These are nice houses which would sell for the low 300s.


I see DR Horton shitboxes being built and going for no less than $450,000. It's fricked.
Posted by Tiger Ryno
#WoF
Member since Feb 2007
103260 posts
Posted on 5/16/24 at 7:54 am to
Only way to stop this shite is through legislation. It's not a good thing for society.
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55960 posts
Posted on 5/16/24 at 8:05 am to
quote:

would sell for the low 300s
quote:

nice houses
pick one
Posted by Supermoto Tiger
Baton Rouge
Member since Dec 2010
9954 posts
Posted on 5/16/24 at 9:31 am to
quote:

drive by a new neighborhood being constructed. These are nice houses which would sell for the low 300s. They are renting every house in that neighborhood.

Pretty large neighborhood as well about 250 houses.

There's one of these in BR. Brand new homes. 370K-450K, Large investor bought and continues to buy up just about every home as soon as they get finished.
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