Author Topic: [IHB] Buy or rent at Kelsey Lane in Oak Creek  (Read 5202 times)

Offline waitin4ever

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Re: [IHB] Buy or rent at Kelsey Lane in Oak Creek
« on: February 28, 2012, 03:46:20 PM »
I completely agree about rents that are prevalent in Irvine.  not just for these SFR's but even for townhomes/condo.
IF you check for 2 bedroom townhouse style apartments from IAC, it costs about 2400-2800/- per month.
these are just 1100 to 1200 sq ft townhomes with mostly 1 car garage. one can easily get a 1500 sq ft
condo/townhome with 20% down (+HOA/mello) to be rental parity. (agreed owning has maintenance headache)

either rents are too high  OR  lower interest rates are causing rental parity at inflated prices OR little of both.

Zovall,
Very nice comparision/ article.  thanks.

good analysis.  it amazes me what people will pay to rent some of these houses.  with rents that high, there have to be more cash flow positive properties out there. 

we skipped oak creek completely due to proximity to 405 but if we had to choose, i would rent this vs buying.

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