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Ritz Carlton rental – same stack as Short Sale

by sfishome on February 13, 2010

San Francisco’s Ritz Carlton at 690 Market – one rental, one Short Sale.

Yesterday I wrote about the new Short Sale listing at one of San Francisco’s most prestigious addresses – 690 Market #2201 asking $1,588,000.

Today I got an email from a colleague advertising #2301 asking $6,900 in rent.

According to the NYTimes Buy vs. Rent tool the unit would need to sell for $1.1 million for Buying to be better than renting within 15 years with a 5% interest rate. Those $2,425 HOA dues are probably the reason.

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