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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,652
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It is true that rents have not kept up with purchase prices.
The old rule of thumbs, like monthly rent being 1% of purchase price, no longer apply in today's market.
Low interest rates (and stupid credit terms to let unquilified people qualify) have turned lots of renters into home owners. That has affected vacancy rates, which prevents rent rates from rising.
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