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Rent to own the new wave?

Started by type3secretion
over 17 years ago
Posts: 281
Member since: Jun 2008
Discussion about
http://www.nytimes.com/2008/12/07/realestate/07COV.html?_r=1
Response by VWear
over 17 years ago
Posts: 111
Member since: Dec 2008

Rent to own - where the unrealistic seller meets the unqualified buyer

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

Is there any thread that this guy hasn't posted on?

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Response by tenemental
over 17 years ago
Posts: 1282
Member since: Sep 2007

Rent-to-own is deeply, inherently flawed. It assumes that the asking price is close enough to what the eventual buyer would be willing to pay that the applied rent is an enticing savings. If the rent is $3k/mo. and the apartment is overpriced by $200k (and it's obviously overpriced if it's not selling), who cares about an $18k discount off ask? It's ridiculous.

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