We rent. I just got an e-mail from our landlord that an appraiser will be coming by our place this week. Crap. CrapCrapCrap. We love this house, the neighborhood, even the landlord (up until now). This comes totally out of the blue, as our landlord seemed pretty happy with the steady rental income. I guess she wants to try and cash out on top before interest rates rise.
Our place would probably go for about $300k currently. Can we buy it? I suppose. Do we want to? Not really. The rent to mortgage ratio is pretty low for us… and she’s also pet friendly. We’re on a month-to-month lease. So we could be kicked out with just a 30 day notice. @#$%$^&*!!!