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The rental market and the buying market seem totally disconnected

The caveat is that I'm talking about specifically NYC or Bay area in California though I'm sure this holds true in many other places.

I've been casually browsing around and I'm noticing a lot of single family homes in a specific neighborhood I'm looking at to be say 1.8-2.2m right now for a decent 3 bed 2 bath single family home in California. I'm seeing the same or similar places for rent going for about 4500 give or take.

To me these numbers don't add up. If I were to buy a 2m place the rental property and maintenance alone would be more then the cost of rent not to mention the headache of actually dealing with home issues.

Is there something I'm missing here or is the buyers market just totally inflated right now?

submitted by /u/arian487
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/r5n648/the_rental_market_and_the_buying_market_seem/
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