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