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Reply to "Bubble pop in rentals too?"
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[quote=Anonymous][quote=Anonymous]If anything I think rental prices are too low. I have many neighbors who are renting for less than their mortgages [/quote] The amount of their mortgage is irrelevant to what the market will pay for rent. When looking for a rental, whether or not the rent covers the mortgage is of no concern to the renter, but whether it is competitive with comps. [/quote]
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