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$4.5 Million versus $7000/month - buy for 54x yearly rent?
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2011 Nov 14, 5:49am 2,983 views 0 comments
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Who would buy a house for $4.5 Million if they can rent the place for only $7k? Even at half price this place would be a poor investment, especially considering that you're only inches away from the train tracks... But hey, you'd get to paint the walls :-)
Buy:
http://www.redfin.com/CA/San-Clemente/2406-Plaza-A-La-Playa-92672/home/3278685
Or rent:
http://www.homefinder.com/CA/San_Clemente/79355025d_2406_Plaza_A_la_Playa
Crazy, isn't it??