Quote:
Originally Posted by Normal
While few care for STRs in their neighborhoods, they still exist. The housing economy should flush many of them out of business I hope.
All the same I ran across a useful website for calculations and rentals… Causal: a browser-based modelling tool
It is very informative for those still wishing to delve into treacherous waters before the bottom falls out of the market. When all is said and done by summers end, we should see solid below 200 dollars a square foot averages. |
Let's hope it doesn't go that low as even the newer patio homes will lose money. We need a bit bigger home and I see the home prices dropping like crazy..in most cases, the over 55 buyer used to pay cash up to say 400k. So interest rates should not be affecting sales, but it seems to be..