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re: Homes in upper middle class neighborhoods going up for rent
Posted on 5/16/24 at 8:41 am to yaboidarrell
Posted on 5/16/24 at 8:41 am to yaboidarrell
It’s because the price to buy doesn’t make sense for a lot of people.
That house sold for $305k back in 2019 when they probably would have got a 3.5% rate. Their principal and interest payment would only be about $1200 a month.
That same house they tried to sell for $500k with maybe a 6.5% would be $3100 for principal and interest. It’s insane
That house sold for $305k back in 2019 when they probably would have got a 3.5% rate. Their principal and interest payment would only be about $1200 a month.
That same house they tried to sell for $500k with maybe a 6.5% would be $3100 for principal and interest. It’s insane
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