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Right, renting is a related but partially separate market from buying. There are various pressures that affect the market value of the home you're interested i
by Goladus 15y ago
Right, renting is a related but partially separate market from buying. There are various pressures that affect the market value of the home you're interested in renting, and you may not be able to charge rent+expenses and actually get any decent tenants.
- nhangen 15y agoI look at it like this - If you could buy a business that was guaranteed to make you 1k-1500/month every year for the rest of your life, while also having someone pay most or all of the loan required to buy said business, would you do it? I sure as hell would (and did).
- davidandgoliath 15y agoThere's that word again -- "guaranteed". Not that making assumptions is a bad thing as the worst case scenario is bankruptcy along with everyone else, but never assume the market is going to remain where it is. $1k-1,500 a month when your neighbor is renting out at a discount is not going to fair well.