Poll: If you had to, could you successfully re-rent or re-buy your current home at market rate?

[madville]

8. Depends on the area and market of course

I paid $90,000 for my 1100 sq ft house on one acre of land 10 years ago. My property taxes are $700 a year and homeowners insurance is $550. Right now I could sell it for about $90,000.

5 acres of land around here is currently going for about $15,000-25,000 or $3,000-5,000 an acre. I could probably build a new house the same size as mine for about $80,000.

Our "for sale" market around here is saturated, lots of houses and land for sale at good prices. Rentals are less abundant but a decent house is $600-900 a month.