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1895 Prices

Started by somewhereelse
over 14 years ago
Posts: 7435
Member since: Oct 2009
Discussion about
sorry, just had to do the title... http://www.smartmoney.com/spend/real-estate/why-us-house-prices-wont-recover-1335877657114/ The Wall Street Journal via SmartMoney Taking inflation into account, U.S. housing prices are down to 1895 levels. And they may never recover. Do you still think it's worth it to buy a home? Why U.S. House Prices Won't Recover
Response by somewhereelse
over 14 years ago
Posts: 7435
Member since: Oct 2009

and to bring it a little more to NYC...

"So the New York City area's price-to-rent ratio of 14.5 is equal to a rent yield of 6.9%. (That's not such a high number, especially after subtracting for taxes and maintenance costs, making New York one of a handful of markets where renters shouldn't be in any hurry to buy.) "

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Response by caonima
over 14 years ago
Posts: 815
Member since: Apr 2010

shameless writer

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Response by Truth
over 14 years ago
Posts: 5641
Member since: Dec 2009

I'm in no hurry. I like renting.

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Response by Triple_Zero
over 14 years ago
Posts: 516
Member since: Apr 2012

>"So the New York City area's price-to-rent ratio of 14.5 is equal to a rent yield of 6.9%."

Does "rent" mean rent plus maintenance?

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Response by somewhereelse
over 14 years ago
Posts: 7435
Member since: Oct 2009

caonima, what is so shameless?

This is the guy who said don't buy, then buy... and is still saying buy, just with the caveat.

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