Reply to Any other landlords noticing huge drops in rent??

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[quote=Anonymous][quote=Anonymous]Even with current rates you can buy a whole home for 4k / month. Why would anyone in their right mind spend that kind of money for some run down boomer condo in Montgomery county? You are delusional.[/quote]

I don't get these posts.  At current interest rates, with 20% down you are talking about a $750k house.  That's not a house in the best parts of Montgomery County and nowhere near downtown Bethesda.

Also, that's just the mortgage payment.  You also have property tax, homeowners insurance and then an expectation of annual maintenance.  Your $4k/month is more like $5500 - $6000/month...and again, you aren't living in a dynamic place.

Finally, I assume your house doesn't come with a nice pool (maintained by someone else), a nice gym, maybe a nice clubhouse, rooftop deck, etc.

There are many empty-nesters that are happy to be done with SFH ownership and the interest they earn on selling their house more than pays for the $4000/month (or more like $3000/month) for a luxury downtown Bethesda rental.[/quote]

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