no that is normal, rent yeild is about 5% or less of the property price.
or a $400K house will rent out for around $400 ~
so as house prices go up rents go up, and as prices fall rents fall.
it has to remain under the cost of buying otherwise it becomes cheaper to buy.
my arguemnt is if house prices double from current value both mortgage and rent prices will be out the reach of peoples income.
