For decades, people have wondered whether it is better to rent a house or buy it. An easier question to consider is: if you buy a house and rent it out, which city historically gives the highest rental income per dollar of house cost? The green column in the table provides one way to see
Best City For Rental Income? Read More »
The price per square foot of a house varies with the house’s size. To reduce the impact of increasing house size over time, the price per square foot was compared for houses above the median size and those below it. This is expected because kitchens are among the most costly rooms to build, yet nearly
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3-Bedroom vs 4-Bedroom House Prices Knowing typical house prices for three bedrooms vs. four bedrooms can help you decide what to look for or whether to remodel or build an addition. A detailed comparison would have to consider all of the typical factors: the location, the house size, the lot size, and the age of
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Although the price is attention grabbing, there was a more interesting statement made by Erin McParland of Habitat for Humanity: “The average income of Toledo residents is about $85,000. The average sale price of a Toledo home is $200,000. Taking into account all other basic living expenses, it takes an income over $100,000 to comfortably
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As affordable housing becomes more scarce nationwide, developers are buying distressed hotels and turning them into apartments. Nationwide, 18% of hotels are behind on their mortgages as of Dec, 2020. “Apartments around here, you might pay $120,000 a door, and we can purchase these hotels probably $30,000 to $40,000 a door, and maybe put $10,000
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