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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Wed, 20 Jul 2005 06:13:06 -0500
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: general 'rule of thumb' for rental house/rental rate per month?
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Text of the message: |
In article <suprd1db3ao8vniam42ks1d166g0emp4dg@4ax.com>, Nona <nona@mukashi-satake.com> wrote: > On Wed, 20 Jul 2005 01:59:00 GMT, "Don" <dwzimm@telus.net> wrote: > > >I bought a condo in California in 1990 and sold it last month for three > >times what I paid for it. (I am crying because of all that capital gains tax > >I owe.) During the 15 year period the rent barely met expenses and in the > >early years was less than expenses. Not once during the 15 years did the > >rent ever equal that magic 1% rule. So I guess you can say rules have > >exceptions, especially in California. > > > Because of the high price of homes in California, especially in Bay > Area, there is no way you can get 1%. Many homes are more than 1 Mil. Just because some other fool is willing to lose money on a property and assume all the downward price risk doesn't mean that you should |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.