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Rent a Ballard house for $900 a month?

Posted by Geeky Swedes on March 6th, 2008

Sounds like a pretty good deal, huh? Too good of a deal. A posting on Craigslist from “Rev. Robin Beaty” of West Africa says you can rent this Ballard home for just $900 a month. Just send him the cash and he’ll mail you the keys. “Perhaps the reverend is aware that a 30 year loan with 20% down and a 5% interest rate, his rental pricing comes out to nearly exactly half of the $1,868 a month our brand spanking new mortgage calculator predicts you’d pay for your payments if you bought it,” explains the real estate blog Estately. Turns out the reverend also has a house in Sacramento he’ll rent you. Yeah, right.

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  • Shrewzard - it is a scam! But the address really exists and the photos are probably correct - it's a house that is listed for sale in the MLS.
  • Shrewzard
    This might be a scam! I saw it on Q13 news about a month ago. Did anyone check out if that address really exist? That was the catch...the photos didn't match the address or anything. They just want you to wire the 1st and last months rent and there was no house to begin with. Renters Beware!
  • Unfortunately, that's the reality of the rental market right now. We're renting out our house in Ballard for less than what our mortgage costs us.
  • I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

    Eric Hundin
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