You said,
Looking at Craigslist, it looks like a nice 3bd/2ba would run from approx. $2200-$4000 depending on location in Silly Valley.
OK, and I said this a few mos ago,
just a real ball park figure would be that a $800K-$900K house rents for maybe $2400.
Message 24657180
And then I said typical rents were $3400/mo a month later. thats because I started to try to rent my house and discovered the rental demand.
I really don't get this discussion, because I openly admit that I was too low with my first guesstimate, and there clearly ARE plenty of houses over $3K for rent, now, in my area and yours. Additionally with the brand new remodelling, mine might fetch a premium over the *never remodelled* $2300 houses.
Your estimate on SV rents matches mine at $2200-$4K, where is the issue here?
Additionally I think engineering salaries are rising against the unfeasibility of offshoring and this dollar. Wyatt doesn't agree and thinks engineers here will be working for half wages or less. I wonder what your opinion on the matter is, because if you see another 2001 recession which was the worst tech recession since 1974 after the moon project ended, then rents probably will crash.
Wyatt:
re: engineering wage inflation, don't worry, it won't be a problem for long. the recession will eventually hit the Ponzitech sector very hard and lots of engineers will lose their jobs and be willing to work for half-wages or less, just like after the 2000 tech bust. |
