| SFH and Rental Property Disconnect |
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mochilero
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Cash: $ 2.60
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Joined: 22 Aug 2005
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| SFH and Rental Property Disconnect |
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I just read Marc Stephan's "Unlimited Real Estate Porfit," and loved it. Here in Tucson, however, there seems to be a disconnect between the single family housing and rental markets. Prices are up by 100% in the last few years for homes, (indicating the expansionary phase by his theory), and yet apartment rents have gone nowhere, and there are still empty apartments everywhere. It's an interesting situation. Has anyone seen this in other places?
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Mon Dec 05, 2005 5:43 pm |
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bong12187
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Cash: $ 24.50
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Joined: 31 Jul 2005
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| Re: SFH and Rental Property Disconnect |
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quote:
Originally posted by mochilero
I just read Marc Stephan's "Unlimited Real Estate Porfit," and loved it. Here in Tucson, however, there seems to be a disconnect between the single family housing and rental markets. Prices are up by 100% in the last few years for homes, (indicating the expansionary phase by his theory), and yet apartment rents have gone nowhere, and there are still empty apartments everywhere. It's an interesting situation. Has anyone seen this in other places?
Yes i have. I've seen it in Hawaii and California. Many, no let me correct that, all real estate agent i've talked to always told me that the property they are trying to sell is a gret investment. However, whenever I ask them what would the cash on cash return would be if I was to buy the property according to their selling price. They look at me dumbly and that is when I decide to move on. I usually do my cash on cash analysis before I even talk to them. I look at the current market value and the rental market. They are two different animal.
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Tue Jan 10, 2006 9:27 pm |
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