More on Housing Speculation

Submitted by
CalculatedRisk on Sun, 03/27/2005 - 10:13pm (3 comments)
ken melvin wrote on Mon, 3/28/2005 - 7:12 am

In the SF Sunset District houses that are selling for $750K are renting for $2.5K/mo.

Anonymous wrote on Mon, 3/28/2005 - 3:22 pm

Housing Bubble

Vancouver Housing Blogger wrote on Thu, 4/7/2005 - 8:09 am

Re: Ken Melvin. $750K, renting for $2.5K.

In Vancouver, you can rent an $800K house for $2.5K or less. (Try Point Grey or Kitsilano.) The kicker is, that we don't even have mortgage interest deduction in Canada, so that tilts the balance even more to renting.

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