• Trouble logging in? Send us a message with your username and/or email address for help.
  • Hello all! We will be performing a website & forum update soon. You may get logged out so now is the time to make sure your email address in your account is correct - go to your account to check it and update it now. Send us a message with your username and/or email address if you need help.

Pricing in WaterColor

New posts
da said:
speaking of watercolor and or seaside does anyone know of any good deals? seems like everything is for sale? and prices are declining daily, with short sales and foreclosures?
Click to expand...

I heard that JOE homes in the Publix phase were getting activity at the new pricing. (About $400,000) I think at that price they will sell them all out by May.
 
a little birdie just told me a house in phase II is about to sell at $600k, less than $300 per sq. ft. Where is the bottom?!?!?!?
 
Dominoes said:
a little birdie just told me a house in phase II is about to sell at $600k, less than $300 per sq. ft. Where is the bottom?!?!?!?
Click to expand...

right here....:moon:
 
AA, I thought you had posted about home values versus rents but cannot find it. Anyway, according to the linked article, home values are historically 16 times annual rents. Hence, a home that rents for $1,000 monthly will be worth $192,000, etc.

How to calculate a home's value (Page 1 of 2)
 
traderx said:
AA, I thought you had posted about home values versus rents but cannot find it. Anyway, according to the linked article, home values are historically 16 times annual rents. Hence, a home that rents for $1,000 monthly will be worth $192,000, etc.

How to calculate a home's value (Page 1 of 2)
Click to expand...

I have my own belief that's simple: A home should rent for an amount equal to it's monthly 30 year mortgage payment after a 20% down payment. Add value if you think the property is special enough to appreciate and subtract value if you think it will depreciate.

I'm chicken and can't bring myself to deviate from this. If the rental covers the bulk of the purchase price that's good. If the rental provides excess cash after all costs that's very good. There are always homes (or lots with home plans) for sale that can achieve this. As for picking winners that don't follow my thesis, I don't know how people do it.
 
You must log in or register to reply here.
New posts


Sign Up for SoWal Newsletter









Share this page




                               
Back
Top