Certainly where I live, rents are many times that, yes. If landlords really were just charging cost plus a modest profit (despite that I really object to any profit on housing) I wouldn’t be outraged.
okay, so like...7x that $433 figure? $3000 a month? If a mortgage + escrow payment on a 400k house is around $2500/month, a comparable rent is $5500 a month?
Where do you live, if I may ask? I live in a reasonably sane market which might be why this isn't clicking for me.
Where do you live, if I may ask? I live in a reasonably sane market which might be why this isn't clicking for me.