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Updated about 10 years ago,
Will the 1% rule always exist?
whether it's a sfh or a mfh will the 1%rule always exist? I mean you need to buy property no less than 150k to get the 1% rule, and as inflation occurs property values rise. I'm just wondering say in 20-30 years will the 1% rule exist in the U.S? For instance in Los Angeles it is very difficult to get the 1% rule because property prices are so high and rents are low. In Houston Texas lets say 20-30years from now the prices might be similar to the Los angeles area and the 1%rule might not exist.