Suppose the owner of pic related wanted to rent this house instead of sell.
How much would monthly rent be?
How would you calculate this number?
http://m.trulia.com/property/3228967313-3703-Village-Park-Dr-Chevy-Chase-MD-20815
Is it abnormal for the owner of an expensive house to rent it?
>>1389898
Yeah, why would a millionaire rent his shit out to people he doesn't know who will probably have their cats and dogs spraying piss all around the house? He can afford to just hang on to it.
Jesus fuck I used to live a block away from there in the mid 1980s.
>>1389898
Not really.
Especially when you can get anywhere from $5,000 to $8,000 a month in rent for one.
A lot of times, people with a house worth a mil have more than one.
>>1389894
No one is going to rent a home like that
Anyone with the money to rent out a 1.3 million home is just going to get their own mortgage.
Also, no one that owns a 1.3 million home is going to allow typical renter trash into it.
>>1389920
This
The only way you will see million dollar homes being rented is if the owner owns the company that in turn owns the house which he then rents to himself.
>>1389920
>No one is going to rent a home like that
They do, though
>Anyone with the money to rent out a 1.3 million home is just going to get their own mortgage.
Depends. If they only want to stay a year or so, they may want to avoid the hassle of a mortgage.
>no one that owns a 1.3 million home is going to allow typical renter trash into it.
Everyone I know doing it uses a vetting/management agency to filter out the crap.
What an overpriced piece of shit
I sincerely hope fellow millennials decide to crash the market