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Updated almost 18 years ago,
rent - sale value ratio. what is the national average?
I am just curious. Where I live, if I were looking at residential properties (below 4 units), average sale value would be anywhere above 150 times of monthly rent. It is not untypical to find over 200 times. I sometimes hear that people can buy a house for less than $100k and can get more than $1000 on rent. Is it real in some parts of the US? What kind of place is that?