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If you follow homes on Zillow you'll see small two bedroom houses get bought for 1.2-1.5 million and then immediately show up as rentable for $5500/month. If y
by fossuser 9y ago
If you follow homes on Zillow you'll see small two bedroom houses get bought for 1.2-1.5 million and then immediately show up as rentable for $5500/month.
If you actually live here and want to buy it's very difficult and extremely risky. I don't mind living with roommates, but if you're someone who wants to have a family it's probably not worth it.
I share a 3 bedroom with three other roommates (four total since there's one couple) and the total rent is $6150 (which is a pretty good deal).
I wish there was some hefty tax on people buying houses just to rent them that don't actually live here.
- icebraining 9y agoI wish there was some hefty tax on people buying houses just to rent them that don't actually live here. So, you want to pay quite a bit more on your rent? I don't get the aversion to rentals. Not everyone wants to purchase a house everywhere they might live.
- fossuser 9y agoMaybe some other way to not incentivize rich people from far away buying houses to rent which drives the entire market (and rents) up? It's not an aversion to rentals (I don't mind renting) - it's more an aversion to burning large amounts of money on extremely high rents even when I plan to stay somewhere for a long time.