RatWatcher

What's a Home Really Worth These Days?

My rental is just about right on 12 mon rent = 15x sale value. Not however a coincidence, its a factor how I set rent. During the boom (2005 ish) I got more $$ per month but LESS than 15x theoretical sale price....now reverting to normal. Can't go lower because rent needs to cover mortgage expense. Irony, if sales price continues dropping, the ratio INCREASES with no one actually involved doing anything at all....