Buy or rent in East Bay, Austin or similar places

[hanera]

@harriet

You are forgetting the tax savings the person would have should he/she own a house vs. rent.

Wasn’t in your original statement

@harriet

If that’s the case then the quality of these tenants is pretty bad (can’t come up with 3.5-10% on $316K via FHA and/or bad credit). Landlords should think twice about investing in these areas. Even if they are able to fetch the $2K rent it’s not sustainable.

Your above statement seem accurate based on response:

@Elt1

I found a gold mine in South Lake Tahoe. Plenty of renters, low inventory, hardly any new construction allowed, its renters are low income with no cash, have to get roommates. They don’t have the option to buy.