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Hey, South Bend made an article on the internet and it wasn't even about our mayor! Rental income here is a bit weird because you have in general a very poor t
by brianwawok 9y ago
Hey, South Bend made an article on the internet and it wasn't even about our mayor!
Rental income here is a bit weird because you have in general a very poor town, with a very expensive private university with old money funding houses for students. I bought my house here for a fair bit less than it would cost to rent something half the size.
- kasey_junk 9y agoI live in an area where college students cause an imbalance between the cost to rent vs buy (the purchase prices in the area are lower than you'd expect given the rents). I'm constantly surprised that the market doesn't arbitrage this away. I suppose that is due to the fact that the real estate market is less efficient than others (both due to liquidity and transaction costs) and that being a landlord is harder than people suspect. In either case, its always made me leery of rental real estate as an investment vehicle.