The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (6068)	10/18/2002 2:05:35 AM
From: MSI	Read Replies (1) of 306849

I kept a small business apt in SF on Franklin near Lafayette park after 4 years, with rent control it stayed at $1,100 until I let it go 6 months ago... Rent immediately went to $1850... and I've heard now to $1,400. Much more reasonable, but still expensive for what you get. I could not find anything that would pencil out as a buy. Still can't... Reminds me of a friend's house in Palo Alto, $2 million appraised value, renting out for only $2,500/mo. Where's the economic sense in that?

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