Quote:
Originally Posted by multicartual
Will her neighborhood drop to a reasonable price? She rents a nice house for around 3k a month. I would love to someday live in that neighborhood but houses are like 2+ mil! Damn.
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is her house worth in that region?
$3K rent for a $2M property.
Using a VERY VERY VERY primitive metric, that place is worth about $550K based on that rental income.
1% cap rates! BUY BUY BUY!