Quote:
Originally Posted by lutzTD
understood, but I couldnt even rent there with thier salary base, there is too much disparity for my comfort. It seems like you would get a lot of in for 3 and out renters. or 6 guys staying in a 1 bedroom.
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You have to look at the individual building, rents/incomes in an area, and purchase price, rather than averages for the county, which can be really deceptive. I.e. if you look at the numbers for the of Manhattan, you'd think that you couldn't rent a 2 bedroom in Manhattan for under $3500/mo, which isn't of course true.