3 ms·
As someone who rents in a large overvalued city, my landlord is getting a 1.5% yield before taxes and deprecation. That's 60+ years of rent to outright buy the
by A2017U1 8y ago
As someone who rents in a large overvalued city, my landlord is getting a 1.5% yield before taxes and deprecation. That's 60+ years of rent to outright buy the same place.
More than happy with that situation while he speculates on near impossible capital gains occuring.
- pontifier 8y agoIt's overvalued because a bunch of people bought stuff when it wasn't overvalued and charge as much as they can for rent. High rents mean high resale value. You're probably paying 2% or more of the original purchase price every month. The prices will go up until it is not economical to buy anymore.