Same old question......

[Superhornet]

@Brandon I didn't crunch those numbers. I've been a landlord before and not looking to get back into it.

I've not rented since college; not a fan of it at all but trying to use a data-based approach rather than my disdain for renting.

[aslowdodge]

someone said another factor is landscape costs as a home owner. here a lot of rental leases have the renter maintaining the premises so that might not be a factor.
I don't know the numbers,but someone mentioned appreciation.
That 1800 a month inversted is probably subject to income taxes. If you get appreciation as an owner most likely when you sell you will not pay tax on the appreciation you earn as the homeowner.
I bought in 2019. it's been 5 years and my house has gone from 463k to 818K. Thats a 77% return which is pretty good. Im not sayiing it will continue, but for the last 4 years a lot of people said it was going to crash.

[COcheesehead]

Originally Posted by Superhornet

Thanks everyone.

The last two times we dipped our toes in this market it was epically outrageous. $50k over asking, inspections waived, free rentback for 3 months.

So there's raw number I posted, and then there's a "crazy factor" that might make it all moot.

Appears to be that most things are going for 5% over asking, but no word on inspection waiving and free rentbacks.

Signs of a strong market.

One of the houses I bought in the late 90’s was in a market like that. Swallowed hard to get in. Paid about $340,000. Sold it 3 years later for $450,000 ish. Felt good about that. Looked at it on Zillow recently $1.8 million.

[COcheesehead]

Where rents are rising and falling.
https://www.cnbc.com/2024/05/21/wher...re-rising.html