when rents are as high as mortgage payments: When rents are as high as mortgage payments
- 04/23/14 12:56 AM
In Carmel-by-the-Sea here on the Monterey Peninsula, rents for a single family home are very high. For a house that is not in very good condition or location but still in or within walking distance of the city, rents for long term leases start at $2,500/month to about $3,500. One in a good location, well, that costs more, much more. Many of our homes are second homes and only available as vacation rentals. SO YOU CAN CONSIDER YOURSELF LUCKY TO FIND A 'REASONABLE' RENTAL. Competition for these long term rentals is fierce. The moment one hits Craigslist, the agents get a
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