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Real Estate
Reply to "Are sellers cutting prices in your area?"
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[quote=Anonymous][quote=Anonymous]Yes and some have been removed from the market and relisted as rentals. [/quote] This is pretty dumb. Lots of people list as rentals using rationales like -- "I can get enough rent to cover the mortgage," "I can't get the price that my neighbor got last year," or "the price I'll get is less than what I paid." These are all terrible, sloppy rationales. The only relevant question is what the best use of your money is. If someone has done the math on how much they'll make by renting out their property (factoring in vacancies, property tax, and maintenance) versus investing the funds they have tied up in the house, and renting out the property is better, then that's great. But I don't think many people do the math and they instead just use the sloppy rationales from the prior paragraph.[/quote]
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