Quote:
Originally Posted by JSH
I would not buy a 6 bedroom house in Silverton with the intention of renting it out. I can't image that area has many renters looking for a house that big. If zoning allowed it I would split main house into a duplex.
Silverton, OR: Population 9K, no industry, median household income of only $60K and 45 miles from Portland.
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Historically an average house cost an average person one year of income
Used housing values follow income, just goes to show how messed up things are today.
Median incomes in Wisconsin communities vary from 35,000-85,000 a year
Experience says I would not want to live anywhere near either of the extremes
Good example of why below
https://www.rareddit.com/r/legaladvi...a_please_help/