- Dec 30, 2014
This is not the case in some markets. Looking at Zillow, the rental estimate for our house is ~1/2 the the suggested monthly payment for purchase (not sure the assumptions). The biggest difference is that, by renting, you don't have to come up with a down payment.
Yeah, I was referring to @eamyrick s situation. $150-200k up to $450k now which is similar to the values of the 3 house purchases I’ve been involved in but if he’s in Austin $450k might not get you much now from what I’ve heard.
I’m sure things are different trying to rent a small house in the Bay Area that’s still worth $1.5 mil.