Related Posts
More Posts
The shoe on the other foot

Additional Posts in The Real Estate Bowl
Any Property Management recs in Seattle area? :(
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.






Your question is a little confusing, can you clarify? I’m not sure if you are saying it’s too expensive to buy a condo to rent it out, or to live in
Red states often make up the lower taxation with higher property taxes, which is why it’s so much cheaper to own a million dollar house in California than say, Texas
Eg, a million dollar home in Texas costs something like $1,600 per month more than a million dollar home on CA
It doesn’t make sense financially to buy a place just to rent out in the Bay Area for most people these days, unless you find a really good deal / are willing to put in the work to gut renovate or you are fully banking on future appreciation. So that is pretty normal. We have a rental in San Diego that we bought 6 years ago initially as a primary residence and since then has doubled in value; if we bought today there’s no way we would have turned it into a rental because rent definitely would not be enough cover the mortgage & prop taxes
Subject Expert
Are you asking about buying a primary residence? Or investment property?
How much do you have for a down payment? What’s your HHI?
Avoid that state for rentals. Not a landlord friendly state…